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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http://indianexpress.com/article/india/corruption-vigilance-commission-cvc-can-now-probe-corruption-cases-in-private-sector-banks-4722854/


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!

B20 Taskforce Financing Growth & Infrastructure – Policy Paper 2017

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.

To access the full Policy Paper, please click below:

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.

To access the full blog, please click below:

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.

To access the full article, please click below:

http://www.smh.com.au/federal-politics/political-news/australian-whistleblowers-could-get-access-to-bounties-worth-millions-20170622-gwwbi3.html


Bangladesh infrastructure is world’s costliest, says World Bank

World Bank economist Zahid Hussain speaks at a press conference in office in Dhaka’s Agargaon on Tuesday. Seated next to him is Qimiao Fan, World Bank’s country director in Bangladesh.

To access the full article, please click below:

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.

To access the full article, please click below:

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.

To access the full blog, please click below:

 https://globalanticorruptionblog.com/2017/06/07/fighting-procurement-corruption-the-essential-role-of-bid-challenge-systems/

 


Six-month time to probe corruption cases against government employees

Many cases against government staffs are pending for quite a long time. New rule has made it mandatory to finish all such cases within six months.

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.

To access the full article, please click below:

http://timesofindia.indiatimes.com/india/six-month-time-to-probe-corruption-cases-govt-amends-rules/articleshow/59002343.cms


Business and the SDGs: Role, opportunity and responsibility

It is important that companies understand the implications of the Sustainable Development Goals (SDGs) across the spectrum of 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.

To access the full article, please click below:

http://www.wbcsd.org/Clusters/Social-Impact/News/Business-and-the-SDGs-Role-opportunity-and-responsibility


Corruption in Asia only getting worse: EY survey

The poll of 1,698 employees at large companies in 14 territories in the Asia-Pacific region was taken between November and February. EY said 39% were aged between 25 and 34.

Despite anti-graft initiatives under way from China to India, the survey by EY found that ‘ethical standards are not improving’

To access the full article, please click below:

http://www.livemint.com/Companies/k7Jqt3qlAeBUNp3xqnOp2L/Corruption-in-Asia-only-getting-worse-EY-survey.html