Having generated much controversy and triggered furious hunger strikes, The National reports that a revised Lokpal Bill is likely to be introduced into the Indian Parliament in November. Dr Veerappa Moily, the Union Minister for Corporate Affairs, took the opportunity to address the Indian Business Professional Council in Dubai and, whilst conceding that there was a “trust deficit” in the corporate sector, he expressed that:

“The ethos has been created to fight against corruption.”

Given the focus on all things corrupt, the Indian Central Bureau of Investigation (CBI) has been fairly active and:

  • IBNLive reports that, on Sunday, the CBI arrested 3 officials of the India Tourism Development Corporation for taking bribes to award hotel star ratings; and
  • Business Standard reports that, on Monday, the CBI searched the premises of one of India’s largest steel producers, BSE and NSE-listed JSW Steel, in connection with allegations of illegal mining activities.