The World Bank is a long-term funding agency and a lending agency at a low interest. It does not have any mandate to supervise how we spend the money. Since India does not have proper legislation to bring the politicians and the bureaucrats to account, public money is being wasted or misused. See the headlines in today's and yesterday's newspapers. Everybody is aware of Koda's Rs.2000 or 4000 crore scam.
"Who sits on CVC corruption complaints ? Railways,Delhi Govt.top the list" says Indian Express (2/12/09). Last year the Central Vigilance Commission imposed 2649 penalties - the highest ever - on corrupt and errant Government officials. The CVC annual report tabled in Parliament remarks, "complete apathy" and " procrastination" by ministries and departments in processing these cases.
" PSU bank's NPAs since 2007 : Rs.25,000 crore" says Times of India (3/12/09).
Why do we want World Bank money. We have all the money in the world but we don't use it, but misuse it.
" Japan's PM to face political funding probe" says another headline in Today's Times of India. In Japan and other democratic countries nobody is above the law. Here in India politicians, bureaucrats and businessmen are above the law. Only peons and clerks are punished for corruption. How many politicians, bureaucrats and businessmen are behind the bars ?
All we want is good governance. We have to fight for it. World Bank cannot do anything about it.
"Who sits on CVC corruption complaints ? Railways,Delhi Govt.top the list" says Indian Express (2/12/09). Last year the Central Vigilance Commission imposed 2649 penalties - the highest ever - on corrupt and errant Government officials. The CVC annual report tabled in Parliament remarks, "complete apathy" and " procrastination" by ministries and departments in processing these cases.
" PSU bank's NPAs since 2007 : Rs.25,000 crore" says Times of India (3/12/09).
Why do we want World Bank money. We have all the money in the world but we don't use it, but misuse it.
" Japan's PM to face political funding probe" says another headline in Today's Times of India. In Japan and other democratic countries nobody is above the law. Here in India politicians, bureaucrats and businessmen are above the law. Only peons and clerks are punished for corruption. How many politicians, bureaucrats and businessmen are behind the bars ?
All we want is good governance. We have to fight for it. World Bank cannot do anything about it.
