CVC can now probe corruption cases in private sector banks
The Central Vigilance Commission (CVC) can now probe allegations of corruption in private sector banks and against their employees. Vigilance Commissioner T M Bhasin told PTI the Reserve Bank of India (RBI) has given the necessary approval to the CVC on this..
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Investing in Resilient, Future-oriented Growth: Boosting Infrastructure Investment and Balancing Financial Regulation
This Policy Paper is a work and a publication of the B20 Financing Growth & Infrastructure (FGI) taskforce!
By 2050 the global population will rise from 7.3 billion to 9.7 billion and is expected to reach 11.2 billion by 2100. Many countries will be hard pressed to meet the needs of their people. There are, for example, already considerable investment gaps in infrastructure, research, and development, as well as education. Yet, as governments pushed to restore stability and resilience in the wake of 2008 global financial crisis, infrastructure investment has been neglected.
There is increasing awareness that a more balanced policy mix is required to deliver a stronger path for growth and financial stability. The G20 has already taken actions to improve the environment for infrastructure investment, however, as this paper reports, more must be achieved so private investors can undertake the long-term, capital intensive investments such complex projects demand.
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https://www.b20germany.org/fileadmin/user_upload/documents/B20/B20_FGI_Policy_Paper_13042017.pdf
Away From The Fighting, Kabul Takes On Another Enemy: Corruption
Afghanistan’s government is mired in a war against a 16-year insurgency that has forced the capital into virtual lockdown, ignited deadly protests, and compelled the head of state to retreat behind the barricaded walls of Kabul’s presidential palace.
But off the battlefield, it is also waging a campaign against another evil: systemic government corruption.
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https://www.rferl.org/a/afghanistan-corruption-graft-fight/28540795.html
Australian whistleblowers could get access to bounties worth millions
The Turnbull government is considering a bounty-style reward worth millions of dollars for those who blow the whistle on corruption or unethical behaviour at the hands of multibillion-dollar corporations.
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Bangladesh infrastructure is world’s costliest, says World Bank
Building infrastructure in Bangladesh is costliest in the world, the World Bank said in a briefing on the national budget.
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http://bdnews24.com/economy/2017/06/20/bangladesh-infrastructure-is-worlds-costliest-says-world-bank
Tackling Sports Corruption
Sports compliance agency I Trust Sport believes that sport can be a force for good. Sadly, corruption sometimes prevents sport from fulfilling its full potential to benefit individuals and societies.
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https://www.itrustsport.com/sports-governance/sports-corruption/
Fighting Procurement Corruption: the Essential Role of Bid Challenge Systems
Ensuring firms that loose the competition for a government contract can challenge the result is a critical part of the fight against corruption in public procurement. A losing bidder will have lost the chance to make a profit and will have invested time and money in preparing its bid. It thus has not only a strong motive for contesting a decision it believes tainted by corruption but the expertise to do so. Bid challenge systems complement procurement oversight by civil society. Indeed, they may even be a more powerful tool. Whereas civil society monitoring typically relies on public-spirited volunteers unfamiliar with the technical aspects of the procurement, bid challenge systems harness firms’ self-interest and technical knowledge in service of ferreting out procurement corruption.
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Six-month time to probe corruption cases against government employees
NEW DELHI: Changing an over 50-year-old rule, the government has set a deadline of six months to complete probe in corruption cases+ involving its employees. The decision has been taken to speed up the investigation in such cases, most of them pending for quite a long time.
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Business and the SDGs: Role, opportunity and responsibility
The role of business
Although fundamentally it will be down to governments to tackle SDG implementation at a national level, the goals simply will not be achieved without meaningful action by business. Business has a key role to play as an engine of economic growth and employment and a source of finance, technology and innovation.
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Corruption in Asia only getting worse: EY survey
Despite anti-graft initiatives under way from China to India, the survey by EY found that ‘ethical standards are not improving’
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