Friday, 6 July 2012

No corruption 'Explosion' on my watch: Indian PM

Online edition

Author / source: Independent ONLINE/AFP

NEW DELHI: graft tainted note India's Prime Minister has again at critics of his Government taken on its own "high standard" personal integrity and praise his Government as a beacon of transparency.

In an interview with the Hindustan Times newspaper Friday argued Manmohan Singh the Indian economy was healthier than media "Pessimism" suggested, and promised further action on tax issues that have unnerved foreign investors.

Singh rarely grants media interviews, but has his public statements since his last month, which see to analysts as an effort be heir to secure shut up on the Finance Ministry portfolio.

Singh is not still expected as premier after the elections in the year 2014 and his personal reputation has a spanking spanking during his second term in the midst of a series of high-profile corruption scandals and accusations of policy drift.

"Comes to the personal criticism, not only I maintain a high degree of integrity in my behavior, I have endeavoured to increase the levels in the system," Singh said.

Citing legislation such as the right to information act and a whistleblower Bill, the Prime Minister said that his Government had made significant progress in the improvement of official responsibility, that would benefit future generations.

"Never before have so many steps taken in such a short time in the history of India and bring to his responsible transparency in the functioning Government, Government of the people make and bring in measures for the control of corruption," he said.

"As well as pessimism about the economy in the markets more and less on the ground, also in the case of damage, I don't think that any explosion in corruption has taken place under my watch," he added.

Singh's coalition Government has engaged in a series of scandals has been.

The most high-profile case involved former Telecom Minister A. Raja, who in November 2010 for the sale of the second generation (2 g) Telecom licenses far below their market value to companies stop selected.

Raja was later arrested and is z.z. on trial.

Again last month after Pranab Mukherjee quit the Ministry Singh, who as Finance Minister were credited in 1991 with the opening of the Indian economy after decades of the pseudo-Socialist planning, took over, to run for President.

Since then he has "animal spirit" urged officials to revive the economy and reverse a "climate of pessimism", that has been the last few years.

Global credit rating agencies have warned that it India's debt to junk status with the economy reeling from gaping fiscal and current account deficits and stubbornly strong inflation downgrade can.

The economy grew by 5.3 per cent between January and March-the slowest quarterly expansion more than a quarter of its value against the US dollar has lost in nine years and the rupee in the past 12 months.

"The history of India growth is intact," said Singh, in the confirm that the country was passing through "difficult" times.

Promising to bring, he stressed the importance of the foreign investors at a time of declining capital inflows that have aggravated India's current account deficit "full clarity" on all tax measures reassuring.

"We want the world know that India treated all fair and reasonable and there will be no arbitrariness in tax matters," he said.

His comments are speculation fuel, which the Government is ready, backwards way of efforts, aggressively to tax, passing on financial transactions with companies such as British giant Vodafone phone.

Source: theindependentbd.com

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