Businesses are operating in a challenging environment today and management is under increased pressure to find new ways to grow ventures and augment revenues. It may not be uncommon to see that individuals take unnecessary risks and resort to fast track means in order to accelerate growth.
India has been at the centre of conversations across the globe, and the new Government seems to have brought in a noticeable change in terms of regulatory dynamics. In the quest to truly redefine India’s appeal factor and make it an attractive investment destination, the Government has been treading a path of reform. The objective … More Confronting corruption – the changing dynamics
The dependency on third parties to enable easy functioning of business is immense. Companies engage the services of various third parties for multiple reasons – it could vary from getting a factory license, securing permission to even obtaining contracts. But the risks associated with such sub-contracting are not given enough importance.
The Indian Government is being swept away in a technology tornado, leveraging it to combat the adverse effects of corruption on society. Today, bribery and corruption are pervasive and the rules of law are increasingly distorting market forces. To circumvent these challenges and battle the malaise of corruption, Government bodies are increasingly adopting innovative technologies … More Mitigating corruption through e-Governance
Efforts to dodge regulations and policies that characterized the now defunct ‘License Raj’ have rendered India susceptible to widespread corruption. According to the EY Global Fraud Survey 2014, 68% of respondents agreed that bribery and corruption are rampant in Indian companies. The public interest in changing the status quo around corruption has increased significantly. The … More Battling the malaise of corruption
‘Recently, EY hosted a session in New Delhi on “Mechanisms for tackling corruption” where we had a thought provoking debate on the state of fraud, bribery and corruption in India. Mr. P.C. Sharma, former Director with the CBI and former member at the National Human Rights Commission led the session, engaging in a stimulating discussion … More Tackling corruption in India
Gordon Gekko is probably etched in the memory of most people who have seen the cult movie ‘Wall Street’. Even after a decade and a half, many still try and follow the quotable mantra of the iconic stockbroker. But will it work in this time and age? Maybe or maybe not, but it doesn’t stop … More Is fraud winning the race against compliance in India?