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Entries in India (220)


Suvrajyoti Gupta: India takes aim at ‘pirates' buried treasure’

On November 8 the government of India demonetized all existing Indian currency notes of rupee 500 and 1,000 denominations effective from midnight. The old notes will be replaced over time and can be exchanged in banks till December 30, on production of proof of identity.

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Russell Stamets: India Cancels Corruption

Like the miasma of foul air and failed policies that choked New Delhi and closed schools last week, the Indian government’s sudden declaration that more than 80 percent of its circulating currency is invalid left many across the country stung and choked. 

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Cognizant discloses FCPA investigation in India

Cognizant Technology Solutions Corporation said in an SEC filing Friday it is conducting an internal investigation whether certain payments relating to facilities in India were made improperly and in possible violation of the FCPA and other applicable laws.

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Anheuser-Busch InBev pays SEC $6 million for India FCPA offenses and impeding whistleblower

Anheuser-Busch InBev paid $6 million Wednesday to settle charges that it violated the Foreign Corrupt Practices Act and impeded a whistleblower who reported the misconduct.

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Event: The FCPA Blog NYC 2016 Conference (October 26)

The FCPA Blog will be in New York City on October 26 and I hope you'll be there too.

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India sets out on a long war on cash

India has always been a cash economy. The reasons are easy to see. India is still under-banked (only 53 percent of households have accounts, and many are dormant). The delay in enforcement of contracts encourages payment in cash. The low penetration of internet and low literacy discourage electronic transactions.

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Two former Louis Berger execs sentenced

Two former senior executives of Louis Berger International were sentenced for bribing officials for more than a decade to win contracts in India, Indonesia, Vietnam, and Kuwait.

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India’s New Bankruptcy Code: Will anyone risk their neck to give a haircut?

India’s new bankruptcy code is a promising development in a jurisdiction where it is difficult to start a business and a nightmare to shut it down.

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Martin Kenney: New bankruptcy code helps free India from the manacles of corruption

I was pleased to read that others are picking up on the excellent work undertaken by Indian Prime Minister Narendra Modi and his government.

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Mr. Modi comes to Washington, bringing a mixed anti-corruption record

Many executives in India would agree that high-level political corruption in India has decreased significantly during the first two years of Prime Minister Narendra Modi’s regime, a welcome development by any measure.

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The optics (and other compelling reasons) for an India foreign bribery law

India’s own foreign bribery law, the Prevention of Bribery of Foreign Public Officials and Officials of Public International Organizations Bill, is stuck in a legislative logjam. It has passed through a parliamentary committee and was the subject of a Law Commission Report. But at present there is no timeline for the passage of the Bill.

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James Owen: Lessons from India’s most flamboyant defaulter

Indian businessman and politician Vijay MallyaIt was not long ago that Vijay Mallya, a flashy Indian businessman and a former member of parliament, was celebrating his 60th birthday in style in Goa where Latin pop star Enrique Iglesias had been flown in especially for the occasion.

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