Industrialists, bankers write letter to govt seeking action against corruption

Industrialists, bankers write letter to govt seeking action against corruption

Mumbai: Prominent Indian industrialists, economists and finance professionals on Monday wrote to the government seeking urgent judicial reforms, strong action against corruption and the introduction of an online auction process for the allocation of natural resources, among other things.

The letter, signed by Deepak Parekh, Keshub Mahindra, Azim Premji, Bimal Jalan and N. Vaghul among others, is the second such to the government this year.

“We, the people, the common individual, seem to have no recourse in our daily life which is vitiated by corruption in almost every sphere of our normal dealings," the letter said.

The government is fighting several corruption accusations over telecom spectrum allocation, the conduct of the Commonwealth Games and various other issues.

The January letter highlighted four key issues -- the so-called governance deficit, corruption, the need to distinguish between ‘dissent’ and ‘disruption’ and environmental challenges.

The second letter focuses on issues pertaining to day-to-day corruption rather than ‘episodic corruption’ and relating to land, the judiciary, electoral and police reforms, the need for effective redressal mechanisms and urgent measures to improve the economic and investment climate.

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