"We are trying to transform India's economy where there is a premium on honesty... We switched over from a system which promotes it (corruption, dubious political funding, bribery) into a more ethical system which the developing economies in the world has followed," Jaitley told Times Now.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
Earlier, a special CBI court had issued non-bailable warrants against Neeraj Singal, Vice Chairman and Managing Director of Bhushan Steel Ltd, and Purushotam Totlani, an alleged middleman, in connection with the Syndicate Bank bribery case.
Formula One supremo Bernie Ecclestone has taken legal action against British tax officials after facing a demand for payment of more than 1 billion pounds ($1.57 billion) in relation to a family trust.
'Usually you would first speak to each other internally if you don't like something'
The poll body said said if he continues to violate the model code, stern action would be taken against him and his party, including suspension or withdrawal of recognition to the Aam Aadmi Party.
Are you overstaying on an F1 visa?
FIFA's Ethics Committee has banned Wolfgang Niersbach, the former president of the German Football Association, for one year for failing to report potential misconduct surrounding the award of the 2006 soccer World Cup in Germany.
The agency had earlier alleged that the company had sold its 9.1% stake to Delphi for Rs 10 crore --a rate much lower than the prevalent market price.
A Chinese high court on Friday rejected the appeal of disgraced Communist Party leader Bo Xilai and upheld his life sentence for bribery, embezzlement and abuse of power in the country's biggest political scandal.
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
The president of a top Honduras football club and two family members were charged by US authorities on Wednesday with engineering a decade-long scheme to launder drug trafficking and foreign bribery proceeds through US accounts.
The Commission said it cannot, under the existing law, disqualify a contesting candidate or prevent him from contesting the election, nor can it prevent an elector from casting his vote in an election, if otherwise qualified and eligible, as is being demanded by some of the parties.
Two separate suicide notes were recovered. They said that the CBI raid caused them (the family) great humiliation in the society.
'Votes-for-notes no longer only means cash and goodies for fence-sitting voters,' points out Sunil Sethi.
A distraught Alysia Montano called her career 'a farce' and branded the International Association of Athletics Federations (IAAF) "a corrupt institution" after crashing out of the US Olympic trials on Monday.
Banned UEFA president Michel Platini could face further investigation from FIFA's Ethics Committee after attending an awards ceremony and conference in Dubai despite being barred from "all football activity".
Sepp Blatter has announced his decision to stand down at a news conference in Zurich, six days after the FBI had raided a hotel in Zurich and arrested several FIFA officials.
Costa Rica has opened investigations into the president of the country's soccer federation who was among seven FIFA executives arrested in Switzerland on Wednesday on corruption charges brought by prosecutors in the United States.
Sukh Ram and Raja were charged with corruption during their tenure as telecom ministers. Sukh Ram was convicted while Raja has been acquitted. One had cash found under his bed; in the case of the other the trial judge mockingly asks: Where is the money? And if there's no money, where is the corruption? So, pronounced innocent. Sukh Ram is a Brahmin. 'Maybe he strayed just that one time, people like that aren't usually corrupt.' And Raja is a Dalit. 'Can you expect any better?' What race is in some places, caste is in India, says Shekhar Gupta.
Aircraft manufacturer Embraer has agreed to pay over $205 million (over Rs 1,371 crore) as settlement with American and Brazalian authorities for resolving corruption charges in India and three other countries.
The problem is not that more people are not watching more TV, but that they are not finding anything of interest on Hindi television, says Vanita Kohli-Khandekar.
Facing the prospect of cancellation of its Rs 3,600 crore deal to supply 12 VVIP choppers to the IAF, AgustaWestland has sought a meeting with the defence ministry to explain its stand on the issue.
Instead of the Hindustan Turbo Trainer-40, which Hindustan Aeronautics Ltd could build, export, overhaul, upgrade and even modify into a light-attack aircraft, powerful lobbies have promoted a Swiss trainer -- the Pilatus PC-7 Mark II.
Transparency in decision-making process is needed.
Already embroiled in Sushma Swaraja and Vasundhara Raje controversies, the Bharatiya Janata Party-led Union government does not want to get caught in a petty fight between two regional parties.
Roopa has now been posted as commissioner for road safety & traffic.
Daryan and Daryll Warner, sons of former FIFA Vice President Jack Warner, and their associates deposited more than $600,000 in cash at bank branches in New York, Miami and Las Vegas in the second half of 2011, according to a 2012 complaint in US District Court in New York that was unsealed on Wednesday.
India has encashed a guarantee of over Rs 250 crore deposited by AgustaWestland in a bank in New Delhi even as it is preparing to file an appeal against an Italian court's stay on its move to encash another guarantee deposited in an Italian bank.
Disgraced Chinese leader Bo Xilai's high-profile trial was abruptly adjourned after prosecutors produced more evidence to nail the former Communist strongman, who in turn described his ex-police chief and a key witness as a "liar with extremely bad character."
The Delhi High Court on Thursday sought response of the Centre and the Enforcement Directorate on the bail plea of businessman Gautam Khaitan, arrested last month in a money laundering case related to the Rs 3,600-crore VVIP chopper deal.
Nike Inc and some other big international companies face a grilling over their powerful role in Brazilian soccer.
FIFA denied on Tuesday that the top lieutenant of its President, Sepp Blatter, or any other member its senior management made $10 million in bank transactions.
News of all that's transpired on and off the football field.
Sepp Blatter sat through the day-long proceedings as a guest and had to endure some stinging criticism from his challengers for the FIFA presidency who were invited to make presentations to delegates.
The recording, which was aired on Israel's Channel 2 on Monday night, shows Netanyahu's son Yair having a conversation with his friends and making derogatory remarks about the strippers and the waitresses in the strip club in 2015, reported CNN.
Armed with fresh details on the alleged kickbacks, India has initiated steps to cancel the Rs 3,600 crore-chopper deal with Anglo-Italian firm AgustaWestland by issuing a show cause notice to it in this regard.
A firm's claim for more than $100 million in damages from Bernie Ecclestone is far-fetched and relies on confessions from a jailed banker who is a "fantasist", a lawyer for the Formula One boss argued on Wednesday.
Modi said bribery was not possible as the money was transferred directly into accounts of the beneficiaries.
While I&B Minister Manish Tewari seems desperate for the Chandigarh Lok Sabha seat, the Congress leadership is having a tough time choosing the right candidates. Anita Katyal reports
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