Even as the Prime Minister pitched for insulating genuine decisions from criminal investigations, CBI Director Ranjit Sinha, on Monday, said while quick decisions are needed for fast economic growth, it should be done in a manner there is no scope for impropriety.
In his speech at the international conference organised by CBI on its Golden Jubilee celebrations, Sinha said allocation and acquisition of natural resources is a "particularly contentious issue" in current Indian and global context.
"While there is a need for fast economic growth necessitating need for quick decisions on exploitation of natural resources the challenge for policy makers is to do it in a manner that there is no scope for impropriety," he said.
CBI is probing a number of cases related to allocation of natural resources like spectrum, coal and natural gas.
The issue was also raised by Law Minister Kapil Sibal in his keynote address where he said in framing policies for exploitation of natural resources, the government has to strike a fine balance between private and public good which is easier said than done for emerging economies.
"There may therefore be some scope for judgmental discretion and scope for malpractices in the implementation of policies. Anti-Corruption agencies thus need to build better understanding of the nuances of policy implementation and decision making," he said.
Sinha said in global world new forms of crime and corruption are emerging at a rising rate and existing crimes are acquiring greater complexity.
The agency chief said corporates operating across sovereign jurisdictions are the drivers of economic growth in the world and fixing of criminal liability of corporations in corruption matters is an increasingly complex challenge for investigators.
"Violation of intellectual property rights is a subject of growing relevance for corporates, governments and other stakeholders," he said.
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