)
Hitting out at political opponents for sensationalising corruption issues, Commerce and Industry Minister Anand Sharma today said the government has been taking corrective actions to deal with such "aberrations".
"We have had corporate and bank frauds in all rich countries. It is a long list, we also have our list beginning Satyam, the chit funds...Or the latest in this role is the Sahara issue.
"Question is do we have accountability, has the system ensured accountability. The answer is yes. Aberration do takes place, corrections are also invoked. That is what India has done," Sharma said at a CII function here.
He said many people are talking about crony capitalism and they have sensationalised in a manner that all the economic activities are part of that.
"I am rejecting that, this is not true. This perception must not be sustained. Yes, there are issues which happen in other countries too...," he added.
The BJP has been raising the issue of corruption and scams in sectors including telecom and coal. They have alleged that the country's economic growth has been severely impacted due to the scams.
Yesterday, raising the issue of crony capitalism, AAP leader Arvind Kejriwal accused both the BJP and the Congress of favouring big industrial houses.
Sharma said that it is very tempting and trendy now a days to term any initiative as a scam.
"My understanding of the English word (scam) is different. There could be some mistakes...Other countries have also faced similar situation. Has India put in place the regulatory framework. Is it adequate that is the question," the minister said.
He said that national and natural resources have to be shared in judicious and correct manner.
"...But maximisation of profit cannot be the philosophy for welfare states," Sharma added.
Further, Sharma also underlined the need for pushing judicial administrative and electoral reforms.
