.............Questioning RBI Deputy Governor KC Chakrabarty’s clean chit to the banks, Bahal also accused the Reserve Bank of India of turning a blind eye to the issue of money laundering and said the delay in investigations will only allow the banks to “clean up their act.” “The ways the RBI officials have gone overboard in brushing aside the Cobrapost expose raises certain pertinent issues with regard to the functioning of the RBI itself,” ...........
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When those responsible to administer land’s laws, regulate and supervise organisations and institutions handling public funds (corporates, banks and financial institutions included) involve in corrupt practices or close their eyes when people engage in unethical practices under their nose, no point in blaming a section of the media for overdoing their brief or sensationalizing issues. People, including those responsible to respond and ‘act’ have become apathetic to gross violations of prudent procedures, law of the land and ethical practices in everyday life. Even their bosses get tired correcting certain individuals who have a peculiar addiction to make controversial statements. But, that should not stop media from exposing wrong practices in public life. Let us remember the following words of Robert Kennedy*:
Let no one be discouraged by the belief there is nothing one man or one woman can do against the enormous array of the world’s ills- against misery and ignorance, injustice and violence…Few will have the greatness to bend history itself; but each of us can work to change a small portion of events, and in the total of all those acts will be written the history of this generation…”
* Quoted by Jeffrey D Sachs in his book ‘The end of poverty’ (Penguin, 2005)
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