Vigilance Administration: Encouraging Probity in Public Life (Keynote address “Vigilance Administration: Encouraging Probity in Public Life” delivered by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at a Seminar organised by the Centre For Integrity, Governance and Training on Vigilance Administration on November 11, 2013)

Vigilance Administration: Encouraging Probity in Public Life (Keynote address “Vigilance Administration: Encouraging Probity in Public Life” delivered by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at a Seminar organised by the Centre For Integrity, Governance and Training on Vigilance Administration on November 11, 2013) https://www.taxtmi.com/news?id=11947 Vigilance administration must combine preventive, participative and punitive functions so public institutions-especially banks-can protect public funds and ensure probity. The CVC framework and CVOs are to identify vigilance angles involving criminality, integrity lapses or gross negligence and treat registered cases as vigilance matters until closure. Institutions should strengthen internal controls (four eye checks, limits on discretionary powers, transparent pricing), promote whistleblower channels and training, promptly investigate suspected frauds, fix accountability commensurate with lapses, and coordinate industry measures like fraud registries and information sharing. en-us Thu, 14 Nov 2013 11:09:42 +0530 Thu, 14 Nov 2013 11:09:42 +0530 TaxTMI RSS Generator Vigilance Administration: Encouraging Probity in Public Life (Keynote address “Vigilance Administration: Encouraging Probity in Public Life” delivered by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at a Seminar organised by the Centre For Integrity, Governance and Training on Vigilance Administration on November 11, 2013) https://www.taxtmi.com/news?id=11947 Vigilance administration must combine preventive, participative and punitive functions so public institutions-especially banks-can protect public funds and ensure probity. The CVC framework and CVOs are to identify vigilance angles involving criminality, integrity lapses or gross negligence and treat registered cases as vigilance matters until closure. Institutions should strengthen internal controls (four eye checks, limits on discretionary powers, transparent pricing), promote whistleblower channels and training, promptly investigate suspected frauds, fix accountability commensurate with lapses, and coordinate industry measures like fraud registries and information sharing. News - Thu, 14 Nov 2013 11:09:42 +0530 https://www.taxtmi.com/news?id=11947