Oct 26, However, the challenge is to send across the message to students in such a way that they can help in uprooting corruption when they grow up. Will the move succeed? Also, should other state boards be made part of the movement?
Nov 13, Vigilance Administration: At the outset, let me congratulate CIGVA and Shri Handa for creating an institutional forum which seeks to strengthen the governance processes with an underlying objective of bringing about qualitative improvements in public service delivery for overall societal benefits.
It is, indeed, commendable that CIGVA has been organising these training programmes for generating fresh capacities and for raising the competency levels of personnel involved in vigilance administration so that the standards of ethical conduct are effectively met in all public institutions.
The exchange of ideas and anecdotes that happen in such seminars increase our knowledge exponentially and make us aware of issues afflicting the system as a whole. These observations made years back hold true even today, where one has to be ever vigilant to ensure that no harm befalls him, his family or the society at large.
Hence, the need for awareness about vigilance and the various dimensions to it has become all the more critical in Curbing corruption through participative vigilance modern public space. The dictionary defines Vigilance as being watchful and wary to detect danger; being ever awake and alert.
While being vigilant is important in all walks of life, the observance of vigilance becomes more critical in the financial sector and particularly for institutions like banks, which deal with public money.
While in my address today, I would draw specific references to the banking sector, the fundamental issues that I intend to raise are pretty much sector neutral as far as the Government and public sector undertakings are concerned.
However, though, the vigilance issue is relevant in the private sector as well, the issue does not assume such a big proportion ostensibly on account of expeditious and summary nature of punishments meted out to the guilty.
Banks, which act as an intermediary between depositors and lenders, are duty bound to observe the highest standards of safeguards to ensure that money accepted from depositors are not mis-utilised and are put to gainful use or are available with them to be paid on demand.
In order to ensure this, banks are not only required to do due diligence on the borrowers but are also expected to put in place appropriate safeguards to ensure that the transactions being undertaken by the staff are as per laid down guidelines. The watchfulness enforced by the vigilance function is required to ensure that public money, which banks hold in fiduciary capacity is not allowed to be misused by the delinquent elements in any manner.
Precisely, the same logic holds good for the need for a vigilance function in other public sector enterprises or in the Government as these institutions too are custodians of public funds. In a sense, an effective vigilance is a sine qua non for good Governance.
Vigilance Function in banks 5. The need to have a dedicated body to look into vigilance and anti-corruption issues in public sector undertakings was felt way back in the early s when Government of India set up the Committee on Prevention of Corruption [popularly known as Santhanam Committee] on whose recommendation the Central Vigilance Commission CVC was set up in February as an Apex Body with its vigilance units headed by Chief Vigilance Officers.
The Commission was since accorded statutory status on August 25, through the Central Vigilance Commission Ordinance, which was substituted by Central Vigilance Commission Act, Public Sector banks fall under the jurisdiction of Central Vigilance Commission on account of their incorporation and operation as public sector entities.
Further, RBI also issued guidelines in May advising all the private sector banks to evolve suitable structure within their organization which would scrutinize all cases where any foul play is suspected from vigilance angle.
This mechanism is intended to ensure that reckless decisions resulting in loss — of money and reputation- to the bank - are identified and suitable action is initiated against the delinquent employees promptly and effectively.
The existence of a credible and responsive vigilance system acts as an effective deterrent to disorderly conduct. The guidelines on vigilance administration are issued by the Central Vigilance Commission. The Chief Vigilance Officers in the respective organisations have been authorised to decide upon the existence of a vigilance angle in individual casesat the time of registration of the complaint.
Once a complaint has been registered as a vigilance case, it will have to be treated as such till its closure, irrespective of the outcome of the investigation.
Although formulation of a precise definition is almost impossible, generally a vigilance angle could be perceptible in cases characterised by: I would like to add here that not only the financial propriety of transactions but at times, certain non-financial aspects also need to be examined from a vigilance angle.
I will return to this issue in a little while. As in all organisations, vigilance activity in financial institutions is an integral part of the managerial function. The vigilance function should not be seen as an impeding factor in the decision making process in any institution. It is not that all decisions which result in loss to the banks are to be viewed as decisions taken with ulterior motives but, at the same time, the banks need to go into the merits of each decision so that actions taken with ulterior motives and without clear adherence to the laid down procedures can be recognised, segregated and dealt with incisively.
The incidence of frauds and levels of NPAs in the banking system have been on an upswing for quite some time now. I would return to these specific issues a little later in my address, but, at this stage I would like to emphasize that the adverse developments like rising incidents of frauds and ballooning of NPAs in the banking sector and similar adverse outcomes like mispricing of national resources in other public sector entities and the Government departments has led to a situation, where vigilance function has become extremely critical to ensure good governance standards and probity in the implementation of projects involving public money.
The primary reason for such adverse outcomes is that a large majority of such projects are mainly supported by debt whatever equity is brought in is mainly money raised as debt or quasi debt and hence key stakeholders in the project i.
Only stakeholders who have some downside risk are the politicians primarily due to compulsions of electoral politics and media gaze, which is, understandably, of very short term nature.
There is virtually no accountability for the top decision makers and on most occasions it is only the public interest that is sacrificed. In such an environment, vigilance administration in the public sector undertakings becomes very critical and needs to be carried out with extreme care and clarity.
Three Aspects of Vigilance Administration Panchkula: children of the British School,Sector 8,visited the Indian Express printing press,in Sector 6 on Friday. The children were excited to see the big printing machines. They witnessed the different procedures of printing the newspaper.
The children were surprised to see the number of. active Vigilance. Preventive Vigilance. y. In the area of preventive vigilance, the aim is to prevent irregularities through improving the knowledge level of staff and officers, making systems more transparent and predictable, enhancing the use of technology in decision making and creating greater awareness among the public about corruption.
Preventive vigilance involves studying the organization,its policies and its people; and implementing effective measures so that these do not become vulnerable to corruption.
Participative. Curbing Corruption in Himachal Pradesh: A Study of State Vigilance and Anticorruption Machinery Mamta Mokta * Biswajit Bandyopadhyay ** Introduction Corruption is one the greatest challenges of our age.
It is a challenge that must and can be confronted. There is . Director, vigilance, R.P.
Sharma highlighted the responsibility of all administrative departments in curbing corruption through a strong internal and preventive vigilance mechanism and the crucial importance of enlisting public cooperation by the state vigilance in its fight against corruption.
The eye will be a platform for submitting complaint against corruption through mobile phones and Internet. ex situ approaches to curb He explained that participative vigilance can be.