On 50th Bank Nationalisation day, CVO, Central Bank of India, Parshuram Panda dares to fight out corruption from the system. Addressing officers and employees of CBI, Thane Region, Panda said, “Corruption is the main impediment for growth of our society. Our economy is growing at a faster rate than most of the countries in the world. However, every other individual does not get a single meal a day. Basic amenities — house, safe drinking water, toilet and clothes are far from their reach. They have been pushed to abject poverty. The main reason is the prevalence of wide spread corruption in our system, which blocks the fruits of economic growth to reach the common man.”
CVC, a statutory body, was established by the act of the parliament to root out corruption in the public sector. Every PSU is having a ‘vigilance mechanism’ and is headed by a chief vigilance officer (CVO), the representative of the CVC. The major function of CVO is to strengthen the system and to create awareness in the civil society to join hands with the mechanism to fight out corruption. Government of India has amended the Prevention of Corruption Act, 1988 (PCAct), last year. Now the action against the bribe givers are taken on the same footing as is being done in case of bribe receivers.
