Exactly how much India's corporate honchos earn has been a matter of conjecture. Until now. That members of the C-suite make an incredible amount of money has always been known, but exactly how much – especially, compared to the average employee’s salary – has been a matter of conjecture.
Now, new regulations in India have mandated making that information public.
The Companies Act of 2013 and the new Corporate Governance Code by the Securities and Exchange Board of India require that listed firms disclose the ratio of remuneration of directors to the median employee salary.
Wednesday, July 08, 2015
Prespective Of 'Vyapam Scam': After Rapid Political Rise, CM Chouhan May Sink In Cash-For-Jobs Scandal
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| By Newscop Group Managing Editor |
The cash-for-jobs, or Vyapam, scam surfaced four months before a moment of glory for Madhya Pradesh’s Bharatiya Janata Party chief minister, Shivraj Singh Chouhan. Already eight years in office, the chief minister was hailed as the hero of a spectacular electoral victory in the state assembly election of 2013.
Sporadic cases of ineligible candidates being granted admission to the state’s six medical colleges had been surfacing in the media for many years. The public also had a sense of the longstanding nexus between Madhya Pradesh’s professional examination officials and admission touts.
OpEd: Why Do Indians Show Sympathy For 'Rule-Breakers'
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| By Dr.Shelly Ahmed |
Discussing Madhya Pradesh’s Vyapam scandal, which began with students hiring proxies and bribing exam invigilators, a friend reminded me of the case of Ashwini Gupta. On April 9, 1935, Gupta, then a young professor in Calcutta’s Ripon College, took leave from work pleading ill health, and instead sat for a BA economics exam under the name of a student he tutored privately called Samaresh Mukherjee.
Gupta’s ruse was discovered, he was soon arrested, and in December that year sentenced by a magistrate to six months hard labour.
An Open Letter: Why Indian Male 'Masturbate' In Public?
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| By Sarah Williams |
As much as I hate to admit it, this isn’t the first time it’s happened to me. In fact, chances are, if you’ve ever been to India, you’ll have bumped into at least one traveller who has experienced this sort of behaviour, or heard of someone else who it has happened to. I’ve spent countless hours with other travellers picking apart why men do it; why they seem to think it’s okay, why dignity seems to disappear when there’s foreign female flesh on show.
Special Report: UAE Businessman To Spend 5000 Crore In Charity For Educating Underprivileged Students
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| By S A Mannan in Dubai |
Calling education the “cornerstone of prosperous, progressive and inclusive societies”, Al Ghurair, a UAE businessman announced the largest privately funded philanthropic education initiative.
High performing students forced to drop out of higher education due to financial constraints have been given new hope. As one of the country’s leading businessmen, Abdullah Al Ghurair, has pledged one-third of his assets to education empowerment, with many hailing the move as a “brave decision” that others should follow.Initially, 15,000 underprivi-leged Emirati and Arab students will benefit from the Abdullah Al Ghurair Education Foundation, which aims to pledge Dh4.2 bil-lion in its first 10 years.
Tuesday, July 07, 2015
The Most Dangerous 'Vyapam Scam': Is CM Chouhan's Sudden Request For CBI Probe Is A Stunt?
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| By Sunder Singh in Bhopal |
Madhya Pradesh government filed a request with the Madhya Pradesh High Court Jablpur for a CBI inquiry into the Vyapam. The state advocate general P Kaurav said "Yes we have filed a request in the court of the Chief Justice, AM Khanwilkar, for the CBI probe into the alleged Vyapam scam. The HC might hear our plea tomorrow."
This was just a couple of hours after Chief Minister Shivraj Singh Chouhan made the announcement bowing to the mounting public pressure.
'Terror Outfits Recruiting Youth In Indian Border Villages'
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| By Altaf Alam in Srinagar |
LeT runs recruitment and training centres in Muzaffarabad, Lahore, Peshawar, Islamabad, Rawalpindi, Karachi, Multan and Quetta. JeM is running two terror training camps for recruits in Pakistan-occupied Kashmir. Top sources said JeM group is led by Gazali, a battle hardened terrorist from Pakistan, who is believed to be operating in Awantipora.
World 'Chocolate' Day: Celebrate With 'Indian Flavours'
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| By M H Ahssan Group Editor in Chief |
Chocolate is celebration. Chocolate is pure pleasure. Chocolate is what you need when you want the world to look up. Chocolate has the ability to say it all, without saying it. And if you think that's going overboard, chocolate is now seen as the ultimate feel-good bar of serotonin you can have.
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