The article “Lokpal Bill is no magic wand” ( Business Line , August 23) made good reading. It is accepted that Jan Lokpal will not eliminate corruption. No one can deny that the status quo is unacceptable.
The current parliamentary procedures have been exploited well by vested groups to allow relentless corruption at all levels. This has made a mockery of the hallowed constitution and the sacred oath taken by senior public servants. The Jan Lokpal Bill can only help to save some dignity of the parliamentary democracy of India, which has currently been made incapable of serving the people.
It is sad that the younger MPs across the board have nothing better to offer. Perhaps they have joined the gravy train of national plunder like their seniors.
Vinod Dawda, e-mail
Corporate responsibility
“Corporates too are responsible for corruption” ( Business Line , August 23) is an excellent article.
The Companies Bill is as important as the Lokpal Bill and it has been languishing for more than two decades without any major amendments.
Is there any regulation in India for private limited companies regarding allotment of shares to persons other than existing shareholders?
There is a regulation for public unlisted companies in the form of Unlisted Public Companies (Preferential Allotment) Rules. Is there a time limit for companies to allot shares within a specified period? The monies are often parked and used as unsecured loans for a long time. It is time to look closely at corporates as sources of corruption.
Sudhir Anand, e-mail