Corp espionage due to callous bureaucratic approach: Ex-babus

February 22, 2015

New Delhi, Feb 22: The corporate espionage scandal is a result of callous administrative approach and non-compliance of standard operating procedures in government offices dealing with sensitive and secret matters, according to former bureaucrats.

Corp espionageSome of them criticised the way secret matters were being dealt.

"There have been government's instructions on dealing with sensitive and classified informations. There are standard operating procedures too. In this incident, it seems someone at some level has been callous," Former Cabinet Secretary T S R Subramanian said.

Former IAS officer E A S Sarma criticised the procedure of unnecessary classifying documents as "secret" or "classified".

"There is a habit of unnecessarily classifying every document as secret or classified. Whereas, in the process the actual secret documents lost importance. There has to be a proper segregation of documents.

"Sensitive ministries like Defence and Petroleum must have a strict security system to deal with visitors and secret files," he said.

Sarma, who has been a former secretary of Power and Finance ministries, said that government departments should suo motu disclose governance details in public domain as mandated under the Right to Information (RTI) Act.

"Central government ministries should put up all the details in public domain. For Petroleum Ministry, production sharing contracts and minutes of the management committee meetings and other things must be put in public. So that there is transparency," he said suggesting that this may also put an end to incidents of corporate espionage.

Former IAS officer G Sundaram hit out at the security mechanism and emphasised on tightening it.

"There has been laxity of the people. There are security norms in the sensitive ministries and they should be tightened," he said.

Asked whether restricting the entry of private corporates personnel can help in checking corporate espionage, Sundaram said it was not practically possible to do so.

"It is not possible to ban the entry of private companies officials in government offices. But there used to be instructions earlier that they can't meet officials below the Deputy Secretary level. Also such meetings may be held either at a place where no sensitive documents are kept or in a visitors' room," he said.

Sundaram, who retired as Tourism Secretary, said key files can be kept locked.

Former Central Vigilance Commissioner N Vittal said individual's greed is main reason behind such sort of incidents.

"It is about individual's integrity which is more important. Unfortunately the system has been compromised so much that such sort of incidents are happening. Employees should be made aware of the importance of individual integrity and negative effect of greed," he said.

At least 12 people including oil ministry staffers, middlemen and senior executive of private energy firms have been arrested by Delhi Police in the corporate espionage case, in which petroleum ministry documents were leaked, unearthed on Thursday.

Former Additional Solicitor General Biswajit Bhattacharya said the main reasons behind such scandals were greed and corruption in public life.

"This happens due to greed and corruption in public life. It appears there is unholy nexus between government employees and private companies. Only way to check it is restructuring and revamping of sensitive posts.

"You have spotless persons or you have persons who are not clean. Civil servants who have 100 per cent of integrity should be posted to sensitive posts. As per media reports the leak was happening for long time. I am happy that Narendra Modi Government has exposed this," Bhattacharya said.

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News Network
June 27,2020

New Delhi, Jun 27: Fuel prices were hiked by the oil marketing companies for the 21st day in a row on Saturday. Petrol and diesel will now cost Rs 80.38/litre and Rs 80.40/litre respectively in the national capital.

The price of petrol is increased by Rs 0.25 per litre while that of diesel by Rs 0.21 per litre.
Rates differ from state to state depending on the incidence of value-added tax (VAT).

Notably, oil marketing companies have been adjusting retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic. These firms on June 7 restarted revising prices in line with costs.

The Congress party had called the increase in the price of petrol and diesel 'unjust', 'thoughtless' and demanded from the Central government to roll back increase with immediate effect and pass on the benefit of low oil prices directly to the citizens of this country.
In an official statement, the Congress Working Committee (CWC) had said that no government should levy and impose such unacceptable strain on its people.

Before the nation entered the lockdown, the average price of petrol and diesel in Delhi was Rs 69.60 per litre and Rs 62.30 per litre respectively.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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News Network
May 20,2020

Thiruvananthapuram, May 20: As COVID-19 count surges to 666 with 24 new cases reported on Wednesday, Kerala Chief Minister Pinarayi Vijayan has said that if cases keep increasing in this manner, then the State will be in a 'serious situation.'

Out of 24 new patients, 12 have returned from abroad, 11 others from other States and one has been infected by a contact. Now, total positive cases in the State stand at 666 including 161 active cases, Chief Minister Vijayan said at press meet.

"If the number of COVID-19 cases increases like this, then the State will be in a serious situation. We have given more relaxations in lockdown guidelines. We need to have more strict measures in some areas," he said.

Speaking about the people who are coming to Kerala from other States, he stressed that all people coming from outside are "not carriers." However, the State has to tighten the security as some among those people are "carriers."

The Chief Minister while clearing that there is no restriction for the people to come back to Kerala, said: "Lakhs of people residing in other states cannot come together."

"There is no relaxation in containment areas. Those who came from outside have to be in quarantine. This is their moral responsibility. The State has implemented home quarantine successfully. Various level committees like ward committee, neighbours and residential associations are monitoring the people in quarantine," he said.

Chief Minister Vijayan has directed the police to visit people under home quarantine to take their report and district panchayat to make sure that all panchayats are working in a proper manner.

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