Scam hit India inching towards Dubble digit growth

November has been a nightmare for Indian politicians, bureaucrats and businessmen. The eruption of corruption was the buzz word for the entire month.

The biggest scam of all time of India worth US$ 40 billion caused heavy loss to central government in 2G spectrum allocation. Union minister of telecommunication was the eye of the storm and in face saving mode government has forced A Raja to resign from his ministerial post.

In Maharashtra, Chief Minister Ashok Chavan was another culprit. The issue: a housing cooperative society named Adarsh which was originally planned for war widows, but was eventually taken by bureaucrats and the influential peoples including three of Chavan's relatives. In another real estate related scam, booked on November 24 the Central Bureau of Investigation had arrested CEO of LIC Housing Finance Ramachandran Nair and seven others top managers from the LIC and PSU banks.

In Delhi, the ongoing investigation into the Commonwealth Games scam has seen multiple arrests. The web is getting wider even as the CBI has been scrutinizing bank accounts and suspected deals. Suresh Kalmadi, the chairman of the organizing committee has been forced to resign from the post of secretary of the Congress Parliamentary Party