Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.

No repeat of 2G, Satyam if laws are sincerely implemented

  1. A sincere implementation of laws including those dealing with insolvency and bankruptcy will ensure that there is no repetition of 2G and Satyam like scams in India
  2. Bankruptcy laws are very strict in the US and Mallya type of instances cannot take place there & if the law is implemented sincerely, it is not going to happen here also
  3. Satyam scam: One of the biggest corporate frauds, which involves financial mis-statements to the tune of about Rs 12,320 crore

Discuss: In the light of the Satyam Scandal (2009), discuss the changes brought in corporate governance to ensure transparency, accountability [UPSC Mains 2015, GS 2]

  • Subscribe

    Do not miss important study material

Leave a Reply

Please Login to comment
Notify of