Can LokPal work independently?
One of the primary examples of how an agency can curb corruption if it is given an opportunity to work honestly and diligently is Karnataka Lokayukta. Our state Lokayukta commands special respect among such agencies existing all over India. It brought a CM to his knees and forced him to resign over illegal mining case. Many people’s representatives were sent to jail and lost their political clout finally. The whole country looked at Karnataka Lokayukta with awe.
When Lokayukta began its deep probe on politicians, all of them came together to finish it off. They have now clipped its wings and just allowed its existence to work without any hindrance. At a time when govt interferes with investigating agencies costing them their reputation and trust among people, the very first Lokayukta has been appointed in India. This was done after massive movement by people. Since LokPal can investigate the central ministers and leaders, the significance is naturally high. Even BJP had insisted on LokPal appointment when UPA was at the centre. But after clinching power, BJP fell silent over the matter.
Modi government didn’t pay heed to any pleas by Anna Hazare and many others insisting on the setting up of LokPal. But Modi government didn’t pay heed to that till the term was close to being over, and appointed a LokPal now when the govt is facing another term of elections. This shows the level of seriousness of the government regarding LokPal, because this has been done only with the lone purpose of pulling wool over people’s eyes. Corruption may not end with the appointment of LokPal. Considering the example of Karnataka, even this govt has not given total power to Lokayukta. Turning it into a toothless tiger is not a big deal of the politicians make up their minds on that.
For many years, we didn’t have justices to fill the positions of Lokayukta. With Santosh Hegde at the helm of affairs of this agency some time ago, today one wonders whether a Lokayukta even exists in the state. Country has seen how the CBI is suffering. The chief of this investigating agency was kicked out unconstitutionally because he wanted to investigate Rafale deal. Govt did not even pay heed to the SC’s directive regarding this issue. Finally, such a situation was created that the CBI chief had to resign and go out. Having used premier institutes to fulfil its political gains, the Modi government has ruined the credibility of such institutions.
Governments earlier would try to clandestinely try to control CBI and other such agencies, but Modi government has made no such cover-up efforts. Today CBI is full time puppet of the government. Hence the appointment of Lokpal is not a matter to rejoice too much. Because how does one expect LokPal to work independently when we have seen the fate of CBI? This would just be another agency established to add more jewels to their crowns.
LokPal can investigate people’s representatives too. It works as a watchdog of Democracy. If it takes up a case like Rafale, it’s not difficult to imagine how Modi would respond to it. LokPal alone cannot check corruption unless it gets full power. Else it would work like a bonded labour of central government. If this agency gets full power, the first bomb will fall on our political leaders. Why would they even make a mistake that can finish them?
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Rupee hits all-time low for second time in a week
Mumbai (PTI): The rupee depreciated 31 paise to settle at 91.99 against the US dollar on Wednesday, touching the lowest closing level for the second time in less than a week, amid increased month-end demand for the greenback.
Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. However, increased month-end demand for the American currency as well as the ongoing geopolitical tensions dented investors' sentiments.
At the interbank foreign exchange, the rupee opened at 91.60 and touched an early high of 91.50, but pared all the gains to touch an intra-day low of 91.99 against the greenback.
The domestic unit settled 31 paise down, revisiting its lowest-ever closing level of 91.99 against the greenback. The Indian currency previously ended at this level on January 23 when it also hit its all-time intraday low of 92 against the US dollar.
On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 against the US dollar.
Analysts said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe bolstered investor sentiment.
India and the European Union on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA), under which a number of domestic sectors such as apparel, chemicals and footwear will get duty-free entry into the 27-nation bloc, while the EU will get access to the Indian market at concessional duty for cars and wines, an official said.
The deal has been dubbed the "mother of all deals" as it will create a market of about 2 billion people.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent lower at 96.14.
Brent crude, the global oil benchmark, was trading 0.43 per cent lower at USD 67.28 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 487.20 points to settle at 82,344.68, while Nifty surged 167.35 points to 25,342.75.
Foreign Institutional Investors turned net buyers and purchased equities worth Rs 480.26 crore on Wednesday, according to exchange data.
