No compromise in fighting corruption, says new CVC

"People have a lot of expectations from CVC. We hope that we will be able to live up to that with the cooperation of all. There has to be transparency in the system," newly appointed Central Vigilance Commissioner Pradeep Kumar said

New Delhi: Newly appointed Central Vigilance Commissioner (CVC) Pradeep Kumar today asserted that there will be no compromise in fighting corruption and warned people to refrain from 'witch hunt' to settle personal scores, reports PTI.

Terming corruption as a disease which is affecting people and nation, Mr Kumar said "Corruption is not a monopoly either of higher echelon or lower echelon. Wherever corruption is there, it has to be dealt strictly and persistently.

"The only caveat I put it in our pursuit to punish corrupt is that we do not want to create an environment where settling of personal scores takes place, where witch hunt takes place. We want to create an environment where honest people are able to work fearlessly," he told PTI.

62-year-old Mr Kumar, former defence secretary, who took over as CVC today, declined to comment on his predecessor PJ Thomas, whose appointment was quashed by the Supreme Court citing pending charge sheet in a corruption case against him in Kerala.

Mr Thomas wanted that his appeal pending with president Pratibha Patil be decided first before Mr Kumar could assume charge but his plea for urgent hearing in this regard was refused today by the Delhi High Court.

Mr Kumar's appointment was cleared by a high level panel comprising prime minister Manmohan Singh, home minister P Chidambaram and leader of opposition in Lok Sabha Sushma Swaraj on 2nd July.

A 1972 batch Haryana cadre IAS officer, Mr Kumar was today administered oath of office by the president.

"Corruption is a kind of disease which is affecting people and the country. We cannot and will not compromise in the fight against corruption. We will try to develop a system where corrupt have no place to hide," the CVC said.

Mr Kumar, who will have a tenure of a little over three years, said "corrupt persons will be punished swiftly and definitely."

He had an interaction with the commission's officers who briefed him about the functioning of the anti-corruption watchdog.

"People have a lot of expectations from CVC. We hope that we will be able to live up to that with the cooperation of all. There has to be transparency in the system," Mr Kumar said.

The CVC advocated leveraging technology and to reduce human interference to promote probity in dealings of public departments.

The swearing-in ceremony at Rashtrapati Bhavan was attended by vice president Hamid Ansari, prime minister Manmohan Singh, cabinet secretary Ajit Seth, chief election commissioner SY Quraishi and the leader of opposition in Lok Sabha among others.

"The nation has lot of expectations and we will try to discharge our responsibilities to the best of our abilities," the CVC added.

User

Indian market trends

The Sensex and the Nifty fell 3% each in the fortnight. The Mid-cap Index, the ML Small-cap...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Manappuram Finance signs 10-year transformational IT deal with IBM

IBM will build and manage the entire IT infrastructure for Manappuram Finance

Manappuram Finance, claiming to be the country’s first listed and highest credit rated gold loan company, has inked a 10 year multi-million dollar deal with IBM to transform its IT systems in support of its aggressive growth plan.

The IT services deal will ensure Manappuram delivers superior customer service in a highly commoditised market, a Manappuram Finance press release said. IBM will build and manage the entire IT infrastructure for Manappuram Finance and deliver application transformation benefits through implementation of leading business solutions in finance, human resource management, business intelligence collaboration tools and document management, it added.

Manappuram Finance has over 2,300 branches across India. To support aggressive growth plans, Manappuram Finance made a strategic decision to strengthen the company’s IT system to speed up their go-to-market time, enhance productivity, and increase efficiency resulting in competitive advantage.

Manappuram Group of Companies chairman VP Nandakumar said, “We intend to keep growing rapidly and this engagement with IBM will bring in the required technology skills and industry expertise we need to meet the demands of hyper growth and quicker disbursal of gold loans.”

The release further stated that IBM’s relationship with Manappuram started in 2009, when it engaged IBM for an IT strategy project to support their rapid growth plans IBM helped Manappuram identify and address gaps in their business processes and IT systems, risks (and how to mitigate them), areas for operational efficiency and business process transformation.

“IBM will deploy technologies, processes and best practices to enable Manappuram Finance to focus on its core business and offer a superior customer experience,” IBM India/South Asia vice president (South) Sriram Rajan said.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)