A lifetime of protest by an honest politician
Article Abstract:
George Fernandes, a member of India's parliament representing a constituency in Bihar state, remains a committed socialist. This sets him apart from most of his one-time allies who have become supporters of free-market economics. Fernandes, who belongs to the opposition Janata Dal party, continues to oppose allowing multinational corporations to operate freely in India. However unfashionable such advocacy may now be, Fernandes himself is widely admired for his integrity and perpetuation of Mahatma Gandhi's tradition of non-violent social change.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Time to pay: stock scam set to claim its ministerial victim
Article Abstract:
A securities scam involving the Bombay, India stockmarket may force the resignation of at least one cabinet minister but is unlikely to do much political harm to either Prime Minister P.V. Narasimha Rao or Finance Minister Manmohan Singh. Another scandal, in which Rao was accused of accepting a payment of $317,000, lacked the corroboration needed to damage Rao. A forthcoming parliamentary report on the securities scam may compel the dismissal of former petroleum minister B. Shankaranand.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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The ghost of Bofors
Article Abstract:
The 1986 scandal of alleged payoffs to late Prime Minister Rajiv Gandhi's inner circle for Bofors howitzer contracts threatens India's current government. A recent Swiss Federal Tribunal decision clears the way for the investigating magistrate in Geneva to turn bank records over to India, where opposition parties are pressing an inquiry into $200 million in supposed kickbacks. The ruling Congress Party is already under siege for perceived corruption, and may fall soon.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Comment about this article or add new information about this topic:
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