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India ranks 76 in 2015 Corruption Perception Index

India has been ranked 76th out of 168 countries in the recently released 2015 Corruption Perception Index (CPI).

The 2015 CPI was the 21st edition of the annual index and was published by the Berlin-based corruption watchdog Transparency International (TI).

Key facts

  • In this edition, India has scored 38 on a scale from 0 (most corrupt) to 100 (least corrupt). This score is same as 2014 edition indicating that country is showing lack of improvement.
  • India has improved in its ranking compared to earlier position of 85 and 94 in 2014 and 2013, respectively.
  • Top 5 Countries: Denmark (score 91), Finland (score 90), Sweden (89 score), New Zealand, Netherlands (87 score) and Norway (87 score).
  • Bottom 5 Countries: Angola (rank 163), South Sudan (rank 163), Sudan (rank 165), Afghanistan (rank 166), North Korea (rank 167) and Somalia (rank 167).
  • BRICS Countries: South Africa (rank 61), India (76), Brazil (rank 76), China (rank 83) and Russia (rank 119).
  • SAARC Countries: Bhutan (rank 27), India (rank 76), Sri Lanka (rank 83), Pakistan (rank 117), Nepal (rank 130) and Bangladesh (rank 139) and Afghanistan (rank 166).

Since 2012, the CPI methodology has been updated to provide for year-over-year precise comparisons.  The watchdog uses data to compile the perceptions of the scale of public sector corruption from international institutions like World Bank, the African Development Bank and business school IMD etc.

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Sumit Mazumder elected as new President of CII for year 2015-16

Sumit Mazumder was elected as the President of Confederation of Indian Industry (CII) for the year 2015-16. He is Chairman & Managing Director (MD) of TIL Limited.

He will succeed Ajay Shriram, Chairman of DCM Shriram Consolidated Ltd.

Moreover, Shobana Kamineni was elected as Vice-President of CII for the year 2015-16. Presently, she is Executive Vice-Chairperson of Apollo Hospitals Enterprises Limited (AHEL).

Dr Naushad Forbes is the President-designate of CII for the year 2015-16. He is Director of Forbes Marshall.

About Sumit Mazumder

  • Mazumder is a graduate of St Xavier’s College, Calcutta and holds MBA from Sam Houston State University, US.
  • He also has undertaken the Advanced Management Program at Harvard University, Massachusetts, USA.
  • At present he is also the Executive Chairman of TIPL (Tractors India Pvt. Ltd.), distributor Company for Caterpillar.
  • In the past years, Mazumder was an active member of CII and had chaired its various Committees and Councils.
  • He also had served as President of the Bengal Chamber of Commerce & Industry, Director on the Board of West Bengal Industrial Development Corporation (WBIDC).

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Indian Oil Corp tops Fortune India 500 list 2014

State-run Indian Oil Corp (IOC) has emerged as the country’s biggest company in terms of annual revenue as per an annual list of Fortune 500 companies in India- 2014. IOC topped the list with annual revenue of Rs 4, 75, 867 crore.

IOC was followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place with a revenue of Rs 4, 09, 883 crore.

Top ten companies are

  1. Indian Oil Corp (IOC).
  2. Reliance Industries.
  3. Bharat Petroleum (BP).
  4. Hindustan Petroleum (HP).
  5. State Bank of India (SBI).
  6. Tata Motors.
  7. Oil and Natural Gas Corporation (ONGC).
  8. Tata Steel.
  9. Essar Oil.
  10. Coal India Limited (CIL).

Key facts

  • This year’s list of the country’s 500 largest corporations was compiled by the global business magazine Fortune’s Indian edition.
  • In this list there are as many as seven energy companies in the top 10 list.
  • Besides, there are a total of six state-run companies in the top-ten positions, as against four from the private sector.
  • Interestingly, top eight companies have retained their respective ranks from the previous year.

Other companies in the list include Bharti Airtel (12th), ICICI Bank (14th), NTPC (15th), Tata Consultancy Services (18th) and Infosys (27th).

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