India Observers

 The recent accusations against Gautam Adani and his associates, specifically the bribery scheme involving $250 million in exchange for solar energy deals, have raised serious concerns about corporate governance, accountability, and the integrity of regulatory institutions in India. The Congress party’s call for a Joint Parliamentary Committee (JPC) investigation into the Adani Group's operations is both timely and necessary. The party’s demand is underscored by the findings of the U.S. Securities and Exchange Commission (SEC) and FBI investigation, which highlight critical flaws in the way the Securities and Exchange Board of India (SEBI) has handled scrutiny of the Adani Group's business dealings. While the principle of "innocent until proven guilty" applies, these charges expose the need for greater transparency and accountability in India’s corporate sector. With the Adani Group yet to respond to these serious allegations, the Indian government must ensure that r...

 PM Narendra Modi said that the opposition should follow logical criticism instead of blaming, however, they themselves are involved in lots of corruption. In the Lok Sabha on Tuesday, Rahul Gandhi led a fierce opposition attack on the Hindenburg report, alleging that Gautam Adani’s wealth began to soar after the BJP took office in 2014. Prime Minister Narendra Modi delivered yet another masterful display of his oratory in response to the accusations made by the opposition parties, in the Lok Sabha.  In an attack on the opposition, PM Modi claimed that following some speakers’ speeches, the “ecosystem” and followers were overjoyed. Yeh hui na baat was said in their joy.  They must have gotten a good night’s rest, he replied. Rahul Gandhi’s speech was the topic of PM Modi’s comment. PM Modi poked fun at the opposition leaders by quoting a line from the renowned poem “Ye keh keh ke hum dil ko behla rahe hain,” which goes, “We are befooling our hearts by stating it, they ha...