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

Mahesh Kumar

Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.

Recent Posts

IAF Equips 40 Sukhoi Su-30MKI Fighter Jets with BrahMos Missiles, Strengthening Long-Range Strike Capability

The Indian Air Force (IAF) strengthened the long range precision strike by getting around 40…

3 hours ago

India Sets Record with 7 Schools Shortlisted for World’s Best School Prizes 2026

Indian schools have achieved the milestone as total 7 Indian schools secured places in Top…

3 hours ago

India Launches World’s First Nuclear Process Heat-Based Hydrogen Production Facility

India achieved the milestone as it commissioned the world’s first hydrogen production facility, which is…

4 hours ago

Japanese PM Sanae Takaichi to Visit India for 16th India-Japan Annual Summit from July 1 to 3

Honorable Japanese Prime Minister Sanae Takaichi is scheduled to visit New Delhi from 1st to…

4 hours ago

India-Seychelles Defence Partnership: How the Strategic Alliance Is Strengthening Security in the Indian Ocean

The India-Seychelles defense partnership has been emerged as the key pillar of maritime security in…

5 hours ago

Uber India & South Asia Chief Prabhjeet Singh Resigns After 10-Year Stint

President of Uber India and South Asia, Prabhjeet Singh has resigned after completing a decade-long…

5 hours ago