Speed Money for Clearances
Speed Money for clearances has been a common practice used by Indian companies and multinationals.
While some companies have engaged in this directly, majority have used consultants to pay these bribes.
We would like to seek your inputs on how the concept of speed money can be eliminated in India. What is the role that market regulators and industry bodies can play in this regards.
We look forward to your inputs!
Transparency International India more
While some companies have engaged in this directly, majority have used consultants to pay these bribes.
We would like to seek your inputs on how the concept of speed money can be eliminated in India. What is the role that market regulators and industry bodies can play in this regards.
We look forward to your inputs!
Transparency International India more
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- Why are payments to state and central govt not online. For e.g my insurance renewal with a national insurance carrier - they refuse payment online. Either they don't have the facility or they don't want the transparency. - Once the payment is made there should be a time bound period for resolution or giving required approvals. All rejections should be scrutinized by an independent board on request of the person. If wrong has been done the officer should be penalized and punished. - Accountability and transparency sadly lacking therefore the govt officials take advantage of the people and ask for bribes. - Fast track punishment should be given and all property and funds should be seized. - Currently the law does not freeze the illegal gains of the criminals. They get bail within a few days and go back to enjoying a luxurious life and buying their freedom. - Make online transactions mandatory, remove middlemen, resolution should be time bound, punishment should be swift. more
Feb 19
Accountability Or Termination, ACB with help of common man caught, red handed cases r pending & common man r troubled as mentioned by Mr. Shankar Saran. OR such babus / corrupt persons should be handed over to common man. OR this day young generation will bring coz. of frustration (Past / Present record & fact of all govt. r same). more
Feb 19
Unless we make all compliances web based and with very simple forms, with no discretion with the officer, meaning that either they are accepted or rejected through artificial intelligence, the practice will never stop. This is also true in taxation where despite the forms being cleared, there is again a physical audit and one has to file a physical challan instead of online payment and later the challan is to be again uploaded. Such procedures merely lead to appointment of consultants who offer to do it on your behalf and companies find that a better way to be certain with compliance or obtaining licenses permits and so on. Again many licenses are to be renewed annually with again filing of forms and so on. They can go the automatic renewal route, with may be only a renewal fees, if necessary. more
Feb 17
