...Ethical Scam Every organization to function smoothly and efficiently and to achieve its long term goal needs to behave in a ethical manner. Hence ethics are guiding principles or expectation of conduct governing the behavior of an individual or a group. In the increasingly conscience-focused marketplaces of 21st century , the demand fore more ethical actions is increasing. But greed overcomes principles , for earning huge profits in a short run businessmen do adopt unethical practices , leading o ethical scams. Reasons for ethical scam - Single minded focus - Social bond theory - Acceptance of small theft - Pygmalion effect - Environmental influence - Obedience to authority One such ethical scam had been a part of Indian corporate market i.e the “2G Scam” Indian telecommunication industry has witnessed unprecedented growth in recent years. The rapid expansion of the mobile telephony market has been simultaneously accompanied by allegations that government manipulated its rules and policies to benefit few firms . The main accused of this fiasco is former Union Minister A.Raja. The Comptroller and Auditor General of India has contended that by :- a) under pricing 2G spectrum , b) by allowing the companies of using GSM and CDMA technology with same license c) allocating companies more spectrum than specified in their licenses the total loss to the country would be in excess of Rs.176000crore On 10th January 2008 announcement...
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...need for corporate governance reforms in India is call of the hour as scams have become almost as an annual feature ever since we had liberalisation from 1991. Just from last 4-5 days we had been hearing about yet another alleged fraud involving thousands of crores by Kolkata-based Saradha group which may be a case of misuse/laundering by money generated by duping of lakhs of investors & public at large by Saradha group through their chit-fund and other money-pooling activities in West Bengal Capital market regulator SEBI has already passed an order against one group entity, Saradha Realty India, asking it to wind up all collective investment schemes and refund the money collected from investors. Besides, SEBI is also probing at least ten other Saradha entities for raising funds without the regulator’s approval. But question arises how come SEBI ,IT deptt ,Ministry of Corporate affairs and other enforcement agencies having so many guidelines & so called checks & balances allowed it to happen . How can we enact laws like Chit Fund Act 1982 which may have so many loose ends .This is not one of its kind case in India in recent past . We had the Harshad Mehta Scam, Ketan Parikh Scam, UTI Scam, Vanishing Company Scam, Bhansali Scam ,2G scam ,Coal scam and the story goes on this front unabated. To cut a long story short there is immediate need to revitalize in-house system of vigil ,ethics & morality by empowering the Board and adding teeth to it . Independence...
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...* * IS India Incredible or Is India Shining?? * From being the ‘Golden Bird’ to being tagged as a poor, under-developed nation, India has faced it all. But now the times are changing. Now even India is competing in the race to become a super power. And it seems to be a pretty achievable dream taking into consideration the tremendous amount of progress that India has made since the time of INDEPENDENCE when this country was left in shambles. India, as we all know, is the largest working democracy. After 63 years of Independence, we do not have to protest or arrange mass agitations to change the government; we just need to vote. So easy to do and yet seldom done. Approximately only 40% of the Indian people vote during the general elections. We give away our most fundamental right, the right to vote, without any rhyme or reason. We complain about the bad governance and then do nothing to change it. A bad government comes to power because of the good people who do not vote. For the protection of its citizens India has a huge army, the second largest in the world. But, the corrupt politicians take this as a sign of population growth, maybe. This is the only reason that can explain the frequently reported deaths of air force pilots due to problems in the aircrafts. And what do the politicians do? They keep on buying the second-hand fighter jets. Taking Indian economy in consideration, it has been steadily growing since liberalization. India is now competing in the world...
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...Corruption Sanchit Avasti Roll no. 03 TYBMM Introduction of corruption What is Corruption? In philosophical, theological, or moral discussions, Corruption is spiritual or moral impurity or deviation from an ideal. In economy, Corruption is payment for services or material which the recipient is not due, under law. Corruption means the state of being bad and dishonest, especially in matters concerning money. It creates a very impact to the country's education, occupation, living style and mostly the humanity. Corruption affects all regions of the world and all levels of society, but the impact is greatest in developing countries. Every year, developing countries lose USD 50 million to 100 million through corrupt acts Corruption undermines political, social and economic stability and damages trust in institutions and authorities. It also fuels transnational crime. Terrorists and organized criminals are aided in their illegal activities by the complicity of corrupt public officials. Types of Corruption Corruption became a sway all over the world now-a-days. It can be categorized in three types. There are three broad classifications of corruption, which are however not mutually exclusive: Petty and Grand corruption: Petty Corruption: • Practiced on a smaller scale. Defined as the use of public office for private benefit in the course of delivering a pubic service. Usually involves relatively small amounts of money, including bribery (grease money or speed...
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...Education without values, as useful as it is, seems rather to make a man more clever devil. Education gives awareness and information. It gives knowledge and knowledge is power. It gives skills and enables us to seek good career opportunities, livelihood, and opportunities for earning wealth, name and fame. It gives moral values and emancipates us as a human being. Education has multiple roles to play. It is ironic; however, that emancipatory role of education has given way to the utilitarian role. Education has fast become a means to learn the skills which makes us smarter at the market place rather than making a good human being. A professional, an entrepreneur, a political leader, a doctor or a teacher or whatsoever; devoid of human values all of them are just like a robot or programmed computers to accomplish certain tasks for his or her employers benefit. The purpose of education should go much beyond that. Education is not just skill and attributes needed to get money and power, it is also a means to learn and inculcate values and character that lead to changes in personal as well as social lives for betterment of life in general and for making the world a beautiful place to live. Education helps us to understand our self interest and enables us to adopt suitable strategies to achieve our self interest. Pursuit of self interest is one of the...
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...Today, we are living in a world dominated by media. The mass media is increasingly occupying the central stage in our lives. The mass media has an iron grip on the imagination as well as thinking faculties of the society. The programmes and features served by the mass media which instruct people not only what they should eat, drink and wear and groom them but also at times misguide them to commit heinous crimes. Mass media acts as an effective catalyst of change in society. In a materialist world of today in which everybody is hankering after power and prosperity and indulging in every kind of malpractices, it is media which brings all these things to notice and make public opinion against them. It creates public awareness. The mass media serves the society by highlighting the prevalence of such’ ills as nepotism, cronyism and corruption in institutions and by carrying on relentless campaign against them. It has been instrumental in bringing an end to the oppressive regimes of cruel rulers. It has unearthed political scandals, kickbacks received by highly placed men. In India from Hawala to Nether case, role of mass media has been highly commendable In an age of commercialisation and consumerism, the media to some extent, has deviated from its path of avowed impartiality and clean journalism. They often indulge in petty means to gain material benefits, i.e. to boost their sales. At times, what most papers give their readers is simply sensation-creating stuff. They publish...
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...Submitted by: BBA + MBA (Dual) | About TATA group of companies The Tata group comprises over 100 operating companies in seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. The group has operations in more than 80 countries across six continents, and its companies export products and services to 85 countries. The total revenue of Tata companies, taken together, was $100.09 billion (around Rs475, 721 crore) in 2011-12, with 58 percent of this coming from business outside India. Tata companies employ over 450,000 people worldwide. The Tata name has been respected in India for more than 140 years for its adherence to strong values and business ethics. About TATA Teleservices Tata Teleservices (TTL) spearheads the Tata group’s presence in the telecom sector. Incorporated in 1996, TTL is the pioneer of the CDMA 1x technology platform in India. It has embarked on a growth path since the acquisition of Hughes Tele.com (India) [renamed Tata Teleservices (Maharashtra)] by the Tata group in 2002. The company launched mobile operations in January 2005, under the brand name Tata Indicom and today, enjoys a pan-India presence through existing operations in all of India’s 22 telecom circles. TTL is also the market leader in the fixed wireless telephony market. The company’s network has been rated as the ‘Least congested’ in India for six consecutive quarters by the Telecom Regulatory Authority...
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...Govt., Business, NGOs – Interface between them in the rise of globalization BUSINESS ETHICS PROJECT Govt., Business, NGOs – Interface between them in the rise of globalization BUSINESS ETHICS PROJECT Chand Ajmera, PGP/17/192 Ananya Jha, PGP/17/194 Shraddha Srikhande, PGP/17/240 Dinesh Kumar V, PGP/17/248 Chand Ajmera, PGP/17/192 Ananya Jha, PGP/17/194 Shraddha Srikhande, PGP/17/240 Dinesh Kumar V, PGP/17/248 TABLE OF CONTENTS 1. INTRODUCTION 2. ROLE OF CSOS IN BUSINESS GOVERNMENT INTERFACE 3. LOBBYING - INTRODUCTION 4. ETHICAL IMPLICATIONS OF LOBBYING 5. EXAMPLES OF LOBBYING 6. ACTIONS BEING TAKEN TO CURB THE UNETHICAL ASPECT OF LOBBYING 7. CONCLUSION & RECOMMENDATIONS 1. INTRODUCTION The growth and function of every business is highly dependent on the government. A large number of government actions in addition to laws and regulations affect companies’ finances. There are several reasons behind regulation of business by the government. 1. Public safety and welfare: Many industries are regularly reviewed and overseen because their activities, if they go skewed, can have detrimental effects to human health, financial well-being, or community structure. [21] 2. Protecting industry: Many regulations are in place to protect those who have developed their business correctly; licensing, permits, and inspections by the government clear out criminal activities that challenge truthful industries. [21] 3. Revenue...
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...Table of Contents • Introduction • Definition and Model of Agenda Setting Theory • Scope and functions • Walter Lippman – Public Opinion (excerpt from Media Control – Noam Chomsky) • Concept of Manufacturing Consent – Noam Chomsky o Excerpts form the book - Manufacturing Consent by Noam Chomsky • Case studies o WMD i.e. Weapons of Mass Destruction being used repeatedly by media • Situation in India o Media focusing on Scams repeatedly and not giving due importance to the other relevant news. • Conclusion Introduction The power of the news media to set a nation’s agenda, to focus public attention on a few key public issues, is an immense and well-documented influence. Not only do people acquire factual information about public affairs from the news media, readers and viewers also learn how much importance to attach to a topic on the basis of the emphasis placed on it in the news. Newspapers provide a host of cues about the salience of the topics in the daily news – lead story on page one, other front page display, large headlines, etc. Television news also offers numerous cues about salience – the opening story on the newscast, length of time devoted to the story, etc. These cues repeated day after day effectively communicate the importance of each topic. In other words, the news media can set the agenda for the public’s attention to that small group of issues around which public...
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...A Project Report On “Forensic Accounting And Auditing” Submitted By Durvesh S. Naik Roll No: - 6025 MCOM PART-II (Advanced Accountancy) 2014-15 MULUND COLLEGE OF COMMERCE SAROJINI NAIDU ROAD, MULUND (W.) MUMBAI-80 SUBMITTED TO UNIVERSITY OF MUMBAI ACADEMIC YEAR 2014-15 DECLARATION I Durvesh Naik student of Mulund College of Commerce, S. N. Road, Mulund (W.) Mumbai – 80 of Mcom Part II (Advanced Accounting) Seat no: - 6025, hereby declare that I have completed the project on the title “Forensic Accounting and Auditing” during the academic year 2014-15. The information submitted is true and best of my knowledge and belief. Date of submission: - Signature Place:- Parle Tilak Vidyalaya Association's MULUND COLLEGE OF COMMERCE Sarojini Naidu Road, Mulund West, Mumbai 400080. Certificate This is to certify that Mr. __________________________________________________________ Of Mcom. Part II (Advanced Accountancy) Semester _______ has undertaken completed the project work titled _________________________ ______________________________ during the academic year __________ under the guidance of Prof. ______________________________________. Submitted on _________________ to this college on the fulfillment of the curriculum of Mcom (Advanced Accountancy) University of Mumbai. This is a bonafide project work & the information presented is true/ and original to the best of our knowledge...
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...Jan Lokpal Bill : A Critique Submitted as per course requirement of Law and Social Transformation SUBMITTED TO: SUBMITTED BY: Dr. A.Jayagovind Umashankar Mishra Faculty for Law and Social Transformation I.D. 505 NLSIU, Bangalore LL.M. [1st year] Business law NATIONAL LAW SCHOOL OF INDIA UNIVERSITY BANGALORE Acknowledgement I have endeavored to attempt this project. However, it would not have been feasible without the valuable support and guidance of Dr.Jayagovind. I would like to extend my sincere thanks to him. I am also highly indebted to National Law School of India University Library Staff, for their patient co-operation as well as for providing necessary information & also for their support in completing this project. My thanks and appreciations also go to my colleagues who gave their valuable insight and help in developing this project. Aim: ...
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...Corruption is efforts to secure wealth or power through illegal means for private gain at public expense; or a misuse of public power for privat e benefit. Corruption like cockroaches has co- existed with human society for a long time and remains as one of the problems in many of the world’s developing economies with devastating consequences. Corruption as a phenomenon, is a global problem, and exists in varying degrees in different countries (Agbu, 2001). Corruption is not only found in democratic and dictatorial politic s, but also in feudal, capitalist and socialist economies. Christian, Muslim, Hindu, and Buddhist cultures are equally be deviled by corruption Corruption in India From Wikipedia, the free encyclopedia Political corruption | Concepts | * Bribery * Cronyism * Kleptocracy * Economics of corruption * Electoral fraud * Nepotism * Slush fund * Plutocracy * Political scandal | Corruption by country | | Europe | * Albania * Armenia * Belgium * Bosnia * Denmark * Finland * France * Germany * Croatia * Cyprus * Czech Republic * Georgia * Greece * Iceland * Ireland * Italy * Kosovo * Latvia * Lithuania * Luxembourg * Macedonia * Moldova * Montenegro * Netherlands * Poland * Portugal * Romania * Serbia * Slovakia * Slovenia * Spain * Sweden * Switzerland * Ukraine | Asia | * Afghanistan * Bahrain * Bangladesh * Cambodia * China...
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...JAN LOKPAL BILL A DETAILED ANALYSIS Ver 1.0 Dated: 21 August 2011 Published by India Against Corruption Jan Lokpal Bill, A Detailed Analysis TABLE OF CONTENTS Why do we need Jan Lokpal?................................................................... 4 a. c. Lack of Independence....................................................................................... 4 Multiplicity of agencies..................................................................................... 5 b. Powerless.......................................................................................................... 4 d. Lack of Transparency and internal accountability............................................. 5 Structure of Lokpal................................................................................. 7 a. Independence of Jan Lokpal and Jan Lokayukta................................................... 7 (i) Administrative independence........................................................................ 7 (ii) Financial independence................................................................................. 7 (iii) Manpower..................................................................................................... 7 b. Single anti-corruption agency.............................................................................. 7 c. No more advisory bodies..................................................................................... 8 What action will be...
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...(Please use the exercises in the attached notes, or anything else you can find in books on values) 4 2 Comparative Religions: Inter-religious sensitivity, understanding and common action to build a world on shared values. Breaking through stereotypes. Communalism and Building community. (Video presentation on 3 religions: Hinduism, Islam and Christianity- Arnold Toynebee. After viewing a video programme on each religion, please get a group of 5 students to share on the meaning they get from their religions. Clarifications from the rest of the class are welcome. No discussions. A session on communalism and community building could follow. Talk by Ram Puniyani on communalism. 10 3 Corruption as a way of life: Case studies e.g. CWG, Adarsh and 2G. Attempt to analyse the causes. Don’t get stuck on description. Then try and discuss strategies to avoid corruption. RTI. Civil Society groups. Other strategies to bring accountability and transparency. 4 4 Violence and Conflict Resolution: Input from Kishu Daswani – conflict resolution at the individual level 5 5 Attraction to substance abuse: Resources from Linda. Film: My brother Nikhil, Portrait of an addict. 2 6 The Problem of Evil: Video: God in the dock. A discussion following the film is useful 2 7 Prayer Communal and Personal: Video: Seven Circles of Prayer. A discussion follows the film. 2 8 Critical Thinking: Analysis of newspapers, TV, film, material from XIC. 5 9 Ethical relationships: Young people, suicide, depression...
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...October 2011: 1 | | Cabinet approves Bill to share mining profits | * Mines and Mineral Development and Regulation (MMDR) Bill, 2011 * Provides for mining companies to keep aside 26% of their net profits for a Mineral Development Fund to be used for development and rehabilitation of project-affected people in the tribal areas of the country * For the non-coal companies, amount will be equivalent to the royalty they pay * Appointed a regulatory body for overseeing the functioning of the mining sector and measures to tackle illegal mining | Maoist problem in West Bengal | * In Jangalmahal region of West Bengal * Maoists: Operations by security forces and peace talks cannot go together. | Yasin Malik's arrest sparks protests | * After police detained JKLF chairman Mohammad Yasin Malik for taking out a rally against the death sentence awarded to Afzal Guru | Court allows export of unused endosulfan | * SC has allowed the export of unused stock of endosulfan. * But the ban on use and production of the pesticide will continue | FDI in beekeeping | * GOI allowed 100 per cent FDI in beekeeping, also known as ‘apiculture' under automatic route * Other areas in which the permission has already been given: * Plantation * Horticulture * Seeds * Cultivation of vegetables and mushrooms * Animal husbandry * Pisciculture * Aquaculture | 2 | | Neelima's application for visa rejected | * American Consulate in Mumbai rejected Magsaysay...
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