Wednesday, March 02, 2011

Corruption Threatens India's Growth


A spate of high-profile corruption scandals has rocked the Indian government in the last few months and is threatening foreign investor confidence. The scams include allegations of graft against officials responsible for last year's Commonwealth games (BBC) hosted by New Delhi, a telecom case involving the government underselling mobile-phone licenses (Guardian) for kickbacks that may have cost the exchequer nearly $40 billion, and a housing scam (Reuters) in which politicians, bureaucrats, and military officials are accused of taking over a plush Mumbai apartment block intended for war widows.

See full Article.