10 Most Corrupt Countries

Fed up with the corruption in India? Well, be glad you don't live in the most corrupt countries in the world. Here's a list

10 Most Corrupt Countries


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  • Strong India rupee stings Modi's export ambitions

    Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the euro recover to cut the losses he is taking on his overseas sales. Thousands of garment, leather, handicraft, and gems and jewellery exporters have watched helplessly as the rupee has appreciated by a quarter against Europe's common currency over the past 12 months. The result has been India's worst export performance …

  • FTIL flays complaint based on PwC report

    Mumbai, April 26 (IANS) Questioning the legitimacy of Pricewaterhouse Coopers (PwC) audit report on the Multi Commodities Exchange of India (MCX), Financial Technologies (India) Ltd on Sunday termed a complaint filed against it on the reports' findings "baseless and highly motivated". The complaint "has been filed with the mala fide intent to put pressure on NSEL (National Spot Exchange Ltd) and (parent company) FTIL in a bid to extort the monies allegedly lost by him (complainant Ketan Shah) …

  • Deutsche Bank Q1 profit falls by half as legal charges bite

    Deutsche Bank's earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal charges eroded gains in investment banking revenue, while it prepares to unveil details of a strategic overhaul. Almost half came from the investment bank, but its pre-tax contribution fell by more than half due to litigation and regulatory expenses and currency swings, the bank said on Sunday. Deutsche has so far positioned itself as Europe’s “last man standing” in investment banking, even …

  • India starts up 300,000 bpd Paradip refinery - sources

    Indian Oil Corp (IOC.NS), the country's biggest refiner, on Sunday began crude processing at its 300,000 barrel per day (bpd) Paradip refinery and aims to fully commission the plant in six months, two company sources said, potentially adding to the glut of oil products in the region. Output from the $5.2 billion Paradip refinery will compete with rising supplies of fuels from new and expanded plants in the Middle East and China, putting pressure on the profit margins of Asian refiners. The …

  • Odisha's excise revenue goes up in 2014-15

    Bhubaneswar, April 26 (IANS) The Odisha government has collected Rs.2,709.73 crore as excise revenue in the financial year 2014-15 as against Rs.2,286.04 crore in the period 2013-14, said an official of Excise department on Sunday. The government has collected a total of Rs.2,709.73 crore including Rs.6,70.94 crore of sales tax and entry tax in the period 2014-15, while it had collected a total of Rs.2,286.04 crore in the period 2013-14, said an Excise department report. It has collected …

  • Ratan Tata buys stake in Chinese smartphone major Xiaomi

    New Delhi, April 26 (IANS) Chinese smartphone major Xiaomi said on Sunday that Ratan Tata, chairman emeritus of the Tata group, has acquired a stake in Xiaomi Technology in a deal expected to bolster the company's presence in India. "This is the first investment by any Indian into Xiaomi," the company said in a release here. "Mr. Tata is one of the most well-respected business leaders in the world. An investment by him is an affirmation of the strategy we have undertaken in India so far," …

  • Vodafone slashes call rates to quake-hit Nepal

    New Delhi, April 26 (IANS) Vodafone India on Sunday announced it was cutting down its call rates as part of its efforts to help people reach out to their friends and families in earthquake-hit areas of Nepal. All calls to Nepal would be charged at Re.1 per minute against the regular call rate of Rs.12 per minute with immediate effect till 10 a.m. on April 28. "Vodafone India, in its efforts to support the local community and brothers of Nepal along with other disaster relief initiatives has …

  • Himachal doesn't know its industrial potential: CAG report

    There is no mechanism in place to monitor the industrial turnover, value of output and profitability to see whether these are in proportion to the burden of tax concessions and subsidies on the public exchequer, a recent report of the Comptroller and Auditor General (CAG) said. Blaming the state industries department, it said no survey was conducted by it to ascertain the actual new investment brought in and extent of value addition in manufacturing by the units from 2003 to 2010 when a …

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