China seizes up to $157 bn of unspent local govt budgets: Sources

Last Updated: Monday, September 14, 2015, 18:15

Angry Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to spend their budget allocations, sources said, as Beijing seek ways to stimulate economic growth which is at its slowest for 25 years.

Louis Berger case: Former India head Satyakam Mohanty arrested

Last Updated: Monday, August 3, 2015, 16:53

Louis Berger group`s former vice president Satyakam Mohanty was arrested here on Monday by the Crime Branch for paying off Goa politicians and officials in 2010 while he was serving as the head of the international consultancy firm in India.

China says recovered 38.7 billion yuan in graft losses

Last Updated: Wednesday, July 29, 2015, 09:19

China has recovered 38.7 billion yuan ($6.2 billion) in losses from graft, state media reported, as the leadership pursues a campaign against pervasive corruption.

US encouraged by PM Narendra Modi's pro-business reforms

Last Updated: Tuesday, June 30, 2015, 10:40

Expressing support for "pro-business reforms" undertaken by Prime Minister Narendra Modi and his commitment to fighting corruption, the US has said it encouraged all governments, including India, to address the issue of corruption.

Google, GE get the most face time when lobbying the EU

Last Updated: Thursday, June 25, 2015, 08:36

General Electric, which is trying to get EU approval for its bid for Alstom`s power division, had 26 meetings with senior officials, according to the report.

Corruption is on retreat in India: US lawmaker

Last Updated: Tuesday, June 16, 2015, 20:43

While corruption is on the retreat in India, the country needs to act on patent regulations and rule of law, two top US Congressmen said today.

PM Modi effective but graft, land bill, inflation remain: Survey

Last Updated: Sunday, May 24, 2015, 17:55

Seventy-two percent of the people feel satisfied with the performance of Prime Minister Narendra Modi, according to a survey on one year of his government, but the majority also sees no let-up in graft, and more seem opposed to than supportive of his controversial land acquisition bill.

Govt working hard on its goal of corruption-free India: Goyal

Last Updated: Friday, May 22, 2015, 09:32

Addressing a section of Indian-Americans in Tampa, Florida, he claimed that the first year of Modi government has been "completely scam-free".

Minister nod mandatory for CVOs tenure extension in CPSEs

Last Updated: Sunday, May 17, 2015, 09:34

The tenure of anti-corruption officials working in Central Public Sector Enterprises (CPSEs) cannot be extended without the mandatory nod from the minister concerned, the Centre has said.

Coal scam: CBI files in court final report of further probe

Last Updated: Friday, May 15, 2015, 18:34

The special court should presume that sanction to prosecute these public servants has been granted by the competent authority as more than four months have elapsed.

Weeding out graft biggest achievement of Modi Govt: Jaitley

Last Updated: Saturday, May 9, 2015, 22:19

With the first anniversary of the Narendra Modi government approaching, Finance Minister Arun Jaitley on Saturday said weeding out corruption has been one of the biggest achievements of the BJP-led dispensation.

Deutsche Bank to pay $2.5 bn fine for interest rate-rigging

Last Updated: Friday, April 24, 2015, 01:24

Deutsche Bank has agreed to pay a $2.5-billion fine to settle US and British accusations that more than 20 employees engaged in a "widespread effort" to rig benchmark interest rates for profit between 2005 and 2009, officials said on Thursday.