Colgate Scam is the recent coal scandal that happened in the country due to poor allocation of coal blocks. This scam is also called the “Mother of all scams’. CAG report shows that private companies had gain around Rs 1.86 lakh crore from coal blocks that were allocated to them on nomination basis instead of competitive bidding‚ which amounted to the loss to national exchequer.194 coal blocks were not auctioned between 2004 and 2011 which causes these huge losses. The losses occurred in a way that
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Phishing Scams The electronic world is embracing consumers and criminals. According to Report on Phishing by Binational Working Group on Cross-Border Mass Marketing Fraud‚ when internet users receive emails from trusted web sites such as famous financial institution‚ these emails redirect internet users to phony web sites that appear similarly to famous banks web sites. In addition‚ many customers are receiving phone calls from person who claims that he is working with famous financial
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Commonwealth Games… The insights – Intro: The Commonwealth Games Scam - Tuesday‚ 03.08.2010 The 2010 Commonwealth Games are the nineteenth Commonwealth Games‚ and the ninth to be held under that name. The Games are scheduled to be held in Delhi‚ India between 3 October and 14 October 2010. The games will be the largest multi-sport event conducted to date in Delhi and India generally‚ which has previously hosted the Asian Games in 1951 and 1982. The opening ceremony is scheduled to take place
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Topic : Internet Scam Thesis Statement : Why many students victimized in Internet Scam? The aim of this chapter Chapter 1 : I.Introduction The aim of this chapter is to give an overview of Internet fraud in general. The Internet fraud definition‚ types and examples will be discussed. The chapter identifies some web applications that are suffering from Internet fraud as well as some statistics for Internet fraud impact. It also presents some existing techniques and strategies to detect and prevent
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What is Coalgate scam? Coalgate is a name given to the scam in India where the CAG has reported allocation of coal blocks in the country to business companies without recommendation of the appropriate agencies by the congress led UPA government for mining coal as energy resource for investments & profits. Dr. Manmohan Singh is the Prime Minister since May 2004 and was personally in-charge of the Coal Ministry from November 2006 to May 2009. The average allotment of coal blocks was 3-4 per year
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10 years of financial scams It terms of reform and development‚ the Indian capital market and financial sector have been the fastest to grab every opportunity presented by the paradigm shift in India’s economic policy. Their furious developmental activities have put the two top Indian bourses almost on par with the best in the world‚ in terms of their structure‚ systems and regulation. But for all the development efforts‚ the capital market remains seriously flawed because three key ingredients
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COFFIN SCAM After the armed conflict that took place in 1999 between India and Pakistan in the Kargil sector of India‚ the Comptroller and Auditor General of India (CAG) found abnormalities in the purchase of Coffins for the Martyrs of the Kargil War. The nature of the irregularities committed in clearing certain defense deals mentioned in the CAG’s report showed large irregularities were committed in the purchase of coffins by the Army during the Kargil operation. The caskets that were bought
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The case Satyam fraud was an eye opener for everyone who has a part to play in the business chain – the promoters‚ employees‚ auditors (both internal and external)‚ customers‚ shareholders‚ board-members‚ executives‚ creditors‚ institutional banks‚ regulatory bodies and even the Government. Just because regulators and Government were not directly linked to the functioning of the company they cannot deny that they were faultless or knew nothing or were not supposed to know anything. Satyam case especially
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Satyam Shivam Sundram Truth Godliness Beauty Talks given from 07/11/87 am to 21/11/87 pm English Discourse series CHAPTER 1 Satyam‚ Shivam‚ Sundram 7 November 1987 am in Gautam the Buddha Auditorium Question 1 BELOVED OSHO‚ WHAT IS THE MYSTIC CONCEPTION OF ULTIMATE REALITY? Maneesha‚ the mystic’s conception of the ultimate reality is the only authentic‚ real experience. It is not a thought or a concept‚ but an existential experience. But the mystic does not deal with the
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People of the whole world are responsible for climate change.Their ignorance is the main reason behind it.For instance‚ USA has been most widely seen as the counry having the most negative efforts on the world’s climate change followed by China‚Germany has received the best ratings. United Nations Framework Convention on Climate Change agreed that the developed countries are mainly responsible for the current global emissions of greenhouse gases.Just for social and economical development they
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