Dipankar Paul, India Syndicate, 26/04/2011
The Republic of Scams
2010 was The Year of Scams: The 2G spectrum scam, the CWG scandal, the Adarsh Housing Society debacle, all contributed to shatter India's image on the global stage. Yet, scams are not new to this part of the world. In fact, since Independence, India has seen so many cases of high-profile fraud, it's a wonder why we haven't already been renamed the Republic of Scams.
click here to read major scams from 1946 till date
Comment: Banana republic is a pejorative term that refers to a politically unstable country dependent upon limited agriculture (e.g. bananas), and ruled by a small, self-elected, wealthy, corrupt politico-economic plutocracy or oligarchy. Ours seems to be truly a fake Democracy!
Crucial defence agreement with US within reach
15 hours ago