The India Blog
The India Blog is about the socio-political-economic landscape of the country, its cultural moorings and the challenges it faces – whatever affects the lives and future of the people living within its boundaries and beyond.
by Many of us believe that our auditor has no business to tell us how to spend our money. The primary objective of audit is to ensure that books of accounts reflect a true and fair view of the financial position and the auditor must stop at just about that. Legal experts would argue that way back in 1896, it was settled that an auditor is a watchdog and not a bloodhound and so he must not turn into a suspicious scaremonger. This is sacrosanct as far as companies are concerned but does it apply to audit of government's accounts?
CAG's recent performance audit report on allocation of coal blocks and augmentation of coal production pegs total loss to the exchequer at Rs 1.86 lakh crore. This report has once again forced the ruling Congress party to go on a defensive. Soon after...Read more...
After Western banks and non-banking institutions brought the world economy to its knees through imprudent and indiscriminate lending corporate practices, there is widespread revulsion at the plus size pay their fatcats get. A say on pay movement is spreading like a prairie fire in the west. Shareholder spring is in the air.
Shareholders denied Citi bank CEO Vikram Pandit a $15 million pay hike. A revolt over salary increase forced UK insurer Aviva's CEO Andrew Moss to resign. Some of the other companies which had to face shareholders' anger include the retailer Marks & Spencer, advertising company WPP, and brewer SAB Miller. In most cases shareholders did not see any link between pay hike and the performance of the manager.
There are no cases of large public outrage over managerial pay in India....Read more...
More about Malvika Jain
CNBC Correspondent
Recent Posts by Malvika Jain
- Can CAG tell how govt should spend?
Many of us believe that our auditor has no business to tell us how to spend our money. The primary objective of audit is to ensure that books of
- Why Indian CEO pay needs policing
After Western banks and non-banking institutions brought the world economy to its knees through imprudent and indiscriminate lending corporate practices, there is widespread revulsion at the plus size pay
Karan Thakur
Addressing suppressed sexualityThe ghastly and brutal gang-rape and murderous assault on a 23 year old by six men in New Delhi last month has shaken the national consciousness and hit our
Somesh Goyal
The gangrape and thereafterThe brutal gangrape of a 23-year-old girl by six criminals in a moving bus on Dec 16 has shocked the nation like never before. One positive aspect has been
Trina Nileena Banerjee
After the gangrape and death: the road aheadI do not wish to reiterate the emotional responses that most women I have spoken to have felt about the rape and the subsequent death of the 23-year-old girl.
Monojit Lahiri
No woman is complete unless she's a mother: true or false?"Hello?" the voice was vaguely familiar, muted, hesitant, unsure. It was from a young acquaintance. He sure didn't sound too bright. The reason, as explained haltingly in the next
Oindrila Mukherjee
One weekend and a tale of two tragediesNow is the winter of our discontent - Richard III, William Shakespeare.
Newtown. New Delhi.
In the immediate aftermath of the mass shooting at Sandy Hook,
Pragya Majumder
Raped: Speak up and suffer!Yes, that is exactly what my country the so called largest democracy dishes out to its citizens. My friend who was horrifically raped and then pushed out of a
Chandrabhan Prasad
Why UP's forwards and backwards oppose the Quota Bill on promotionsTake a tour of the newspaper archives of the month of May every year and when it comes to National Capital Region (NCR) news, there is a clear pattern.
Tanvi Mehta
What's with Indian men?A new show that hit TV screens this week asks the question, 'What's with Indian Women?'. But given the sheer volume of crimes against women in this country this
Vandana Anand
Towards an active citizenryA person coming out of a crowd could become a whistleblower, standing against what are disabling forces to raise his/her voice, setting a hard-hitting example for many others to
