Categories: Miscellaneous

Railways top CVC’s list for rejecting directives to punish corrupt officers

The Railways Ministry tops the list of government agencies that ignored the CVC’s recommendations against corrupt officers and employees and resolved matters in accordance with their own disciplinary procedures. 55 similar occurrences were discovered across government agencies in the annual report for 2021, 11 of which were in the Railways.

Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks

Railways punish corrupt officers: Key Points

  • Along with Railways, Small Industries Development Bank of India (SIDBI), Bank of India, and Delhi Jal Board each had four cases, and according to CVC, Mahanadi Coalfields Limited protected three of its workers in such situations.
  • The Indian Overseas Bank, Bank of Maharashtra, Madras Fertilizers Limited, Indira Gandhi National Open University, and North Delhi Municipal Corporation (which is now a part of the unified Municipal Corporation of Delhi) were listed as two of the institutions involved in these cases, according to the report.
  • The CVC claimed to have discovered some “severe and major errors and lapses.” These include disregard for or ignorance of rules, as well as the disciplinary authority’s failure to follow procedures for consultation with the CVC and/or the Department of Personnel and Training in cases of disagreement or delays in seeking guidance.
  • Another issue that was brought up included SIDBI and led to huge financial losses.

Railways punish corrupt officers: Background

  • The bank’s management and treasury departments placed Rs 1,000 crore in fixed deposits with two associated private financial institutions in eight branches between August 28 and November 27, 2017. The officials broke the terms of the Manual of SOP (standard operating procedure) for Treasury Operations of SIDBI.
  • During the 2018 fiscal year, officials permitted SIDBI to make deposits solely at one specific financial institution, disregarding all other deposit choices.
  • When deposits reached the end of their term and the bank sought their proceeds, it claimed that despite repeated requests, the financial institutions had not honoured the claims.

Find More Miscellaneous News Here

Madhavi Gaur

Recent Posts

Justice Dinesh Maheshwari Appointed Chairperson of the 23rd Law Commission of India

In a significant development in the Indian legal landscape, Justice (Retd.) Dinesh Maheshwari, a former…

18 hours ago

SBI Deploys ‘Grahak Mitras’ to Boost Alternate Banking Channel Adoption

The State Bank of India (SBI), India’s largest public sector bank, has unveiled a new…

18 hours ago

Zepto Renames Parent Entity Ahead of IPO: Aligning Brand and Business Strategy

Zepto, one of India’s fastest-growing quick-commerce startups, has taken a significant step toward its Initial…

19 hours ago

Pope Francis Dies at 88

In a solemn moment for the Roman Catholic Church and the global community, Pope Francis,…

19 hours ago

Ananya Panday Becomes Chanel’s First-Ever Indian Brand Ambassador

In a landmark moment for the Indian fashion and entertainment industry, Bollywood actress Ananya Panday…

20 hours ago

Launch of ‘Sanskriti Ka Paanchva Adhyay’: A Compilation of PM Modi’s Speeches on Culture

In a significant literary and cultural event, a new book titled ‘Sanskriti Ka Paanchva Adhyay’…

20 hours ago