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HomeIndiaWhite Paper on economy by Nirmala Sitharaman

White Paper on economy by Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday offered a White Paper outlining the federal government’s accomplishments over the previous decade. The doc additionally enlisted quite a few scandals that occurred through the UPA authorities earlier than 2014.

“There was pervasive corruption in various government activities, including procurement, allocation of natural resources, and regulatory approvals. Procurements vital for the nation’s security were also not free from corruption. The scams and corruption cases had shaken the confidence of the people. Following is the current status of some of the high-profile cases,” the White Paper mentioned.

Coal Block Allocation: This monetary scandal concerned irregularities and corruption within the allocation of coal blocks by the federal government to non-public corporations for captive use, resulting in an estimated lack of `1.86 lakh crore to the exchequer, as estimated by the CAG31. This got here to gentle in 2012. The Supreme Courtroom cancelled 204 such allocations. Ultimate Studies have been filed within the Courts in 47 Circumstances, and 10 instances are below investigation. In 14 instances the accused have been convicted by the trial courts. The remaining instances are below trial.

Commonwealth Video games: The occasion was marred by widespread corruption, mismanagement, and monetary irregularities within the planning and execution of varied tasks associated to the video games. Cost sheets had been filed in 8 instances that are below trial within the courts of Delhi.

2G Telecom: This concerned a lack of about `1.76 lakh crore of potential income to the federal government, as estimated by the CAG (on the charges paid for 3G spectrum). The corruption instances are within the appellate court docket.

Saradha Chit Fund: This was a Ponzi scheme with the diversion of funds for private use, and luring traders with the promise of excessive returns. The rip-off unfolded in 2013 when the group collapsed, leaving hundreds of thousands of traders in monetary misery.

INX Media Case: This case concerned cash laundering and irregularities in international funding approval for funding right into a media firm. It’s below trial.

Aircel-Maxis: The case concerned allegations of Irregularities within the approval of international funding in a telecom firm, and unlawful gratification. The case is below trial.

Antrix-Devas Deal: Irregularities and corruption in a satellite tv for pc deal between Antrix Company, the business arm of the Indian Area Analysis Organisation (ISRO), and Devas Multimedia Pvt. Ltd, and irregularities within the allocation of scarce S-band spectrum and wrongful features to Devas Multimedia are the important thing parts of this case. The Supreme Courtroom has confirmed the discovering of fraud. A cost sheet for the legal offence has been filed.

Land for Jobs: The case includes acquiring pecuniary benefits within the type of switch to land or property as an alternative of appointments of substitutes in Group ‘D’ in several zones of Railways. Investigation is underway. Allotment/Launch of Prime Land in Panchkula and Gurgaon: These are a number of instances regarding the discharge of prime land from acquisition in connivance with the non-public builders and allotment of business land to shut associates. After investigation, cost sheets have been filed in trial courts.

J&Ok Cricket Affiliation: The case includes the misappropriation of almost `44 crores by opening “bogus” financial institution accounts. After investigation, a cost sheet was filed.

The Embraer Deal: The case is expounded to corruption, bribery and kickbacks within the buy of plane from the Brazilian aerospace firm Embraer. After investigation, a chargesheet was filed, and the case is pending in trial court docket.

Pilatus Fundamental Coach Plane: The case includes corruption within the procurement of 75 Pilatus fundamental coach plane for the Indian Air Pressure in 2009.

Hawk Plane Buy: The case includes fee of bribery to unknown officers of the Ministry of Defence, through the interval 2003 to 2012, within the procurement of Hawk Plane from M/s Rolls Royce plc, UK. The case is below investigation.

Adarsh Housing Society Rip-off: This case concerned irregularities within the allotment of residences in a defence land challenge. It’s on the trial stage.

Augusta Westland Helicopter Rip-off: Kickbacks had been paid within the procurement of helicopters

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