As a business owner/exporter, how can one ensure that the procurement and purchase department of my business is not engaging in corrupt activities in regards to raw material or supplies/administrative purchases. Please share your thoughts and hopefully some of you have figured out business without such menace. more
You cannot avoid it. But third party random check fear can reduce it. Strict action of immediate dismissal and a court case on finding out a corruption case would be an additional deterrant. If you can pu tit in their contract of appointment, all the more better. On Monday, 9 December 2013 4:00 PM, Varun Bhawnani wrote: more
Some suggestions 1. Lead by examples. Only when we are ourselves honest, can expect the same from others 2. When recruiting, try to hire honest people (we can't be always right, but can give an emphasis during selection process) 3. Pay them well 4. Set the right expectations 5. Reward for good actions 6. Take strict actions (zero tolerance policy) against corrupt practices 7. Print and educate staff about organization values (integrity, honesty, innovation etc) I have seen many entrepreneurs who engage themselves in corrupt activities (facilitating money to get their work done through their employees) and the same time expect their employees to be honest..this is simply IMPOSSIBLE!! more
A quick summary of the Sebi interim order on Zee business 'experts' these experts would give stock recommendations and make money with the stock move. Never ever buy stocks based on someone recomme...
We in India talks very long talk on corruption. Matter of fact corruption has increase every Step when you go out of your house and start walking corruption start at lowest level and highest level...
The sale of tickets this World Cup will be one of the biggest scams if investigated! It says SOLD everywhere but there’s obviously no full house as we see it on TV. Wh...
14 oct Ahmedabad, IND v PAK VIP box tickets .. Black market price 1.5 Lakhs !!! Is the Govt permitting these black marketers or they are ok to operate. Where to complain?
NMC says Doctors cannot receive cuts and commissions from labs and chemists. Howevwr I have noticed that in many cases these are opened by Doctora directly or at an arms length operated by a relati...
Rs.2,09,144 lakh crore loans written off by banks in just 1 year. Over 2 lakh crore. Let that sink in But that's not all Remember how the previous govt used to be c...
Gujarat ACB traps District Inspect of Land Record. I suggest district inspector of land records across India must be investigated in a special drive and 90% plus would be corrupt. Also this way the...
So Logix group transferred 261 flats to Mayawati’s brother and his wife at a 45% discount. It was likely bribe to be paid to madamji for doing something illegal be it allotting pub...
Dear Jeep India, You had plans to discontinue the Jeep Compass Petrol models as on May 2023, and in March 2023 you aggressively sale pitched me by sending your Sales Executive to my hous...
Corruption was the biggest issue in Karnataka. And the top leadership did nothing to stop it. 40% proved costly. This should be a lesson for 2024. No amount of roadshows can win elections if the tr...
By SN Mittal
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