School for scams

In case you are wondering why mega public sector undertakings continue to make losses and bleed, here’s why: Mismanagement and total lack of accountability from top to bottom in the leadership chain.

One of the classic examples of such mismanagement and sorry state of affairs is Metals and Minerals Trading Corporation of India Ltd (MMTC), one of India’ top exporters, highest foreign exchange earner and largest public sector trading giant, which has been accorded the status of a Five Star Export House by the Government of India.

http://www.gfilesindia.com/frmArticleDetails.aspx?id=1494&Name=COVER%20STORY

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About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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