STOCK MARKET BSE NSE

Meet against Graft Held

R Gopalakrishnan, director, Tata Sons Ltd, said that rather than despairing about the existence of corruption, society should develop systems that continuously try to eradicate it.

Published: 28th February 2014 09:53 AM  |   Last Updated: 28th February 2014 09:53 AM   |  A+A-

R Gopalakrishnan, director, Tata Sons Ltd, said that rather than despairing about the existence of corruption, society should develop systems that continuously try to eradicate it.

Speaking on ‘Corruption - its History and its Future,’ at the 4th MKK Nayar Memorial Lecture, organised by the Kerala Management Association, he added  that similar to eradication of a disease, if society sits and despairs, the solution can never be found. Instead, initiating continuous systems to solve it will result in finding the cure.The cost of corruption in India has been estimated by some analysts to be about 2 per cent of GDP. The late C K Prahlad startled the nation by estimating it as 5 per cent of GDP. He said that 2 per cent of GDP alone amounts to `90,000 crores a year, equivalent to NREGA spending money every year, Gopalakrishnan added. The book ‘Comma in a Sentence’ authored by R Gopalakrishnan was also released and Sunil K Zachariah interacted with the author.

S Rajmohan Nair, president, KMA welcomed the gathering and delivered the presidential address. V R Nair, chairman, Management Week Celebration introduced the chief guest. Venugopal C Govind, managing partner, Varma & Varma Chartered Accountants remembered the late MKK Nayar and Jibu Paul, joint secretary, proposed the vote of thanks.

Stay up to date on all the latest Kochi news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp