The acronym CVC refers to the Central Vigilance Commission. The Commission is the apex vigilance body in the country. While it is not an investigating agency, it procures information from the central Government and its authorities and investigates civil works. The CVC is responsible for monitoring the civil services in the country.
CVC is an apex vigilance institution
The Central Vigilance Commission (CVC) is a statutory body responsible for preventing corruption in the Indian public sector. The President of India appoints the CVC on the recommendation of a three-member panel. This panel comprises the Prime Minister, the Union Minister of Home Affairs, and the Opposition Leader. The CVC holds office for four years and is not eligible for further appointment. The CVC was established in 1962 after the Government of India formed a committee investigating corruption. The Santhanam Committee appointed Nittoor Srinivasa Rau as the first CVC. The CVC has an annual report that details its work. It also mentions failures in the system that led to corruption and the prevention measures taken. However, the CVC’s recommendations are not taken up by the government in some cases.
The CVC logo is an abstract mark designed with an eye-like structure. This symbol represents the CVC’s focus on protecting the community’s rights and against government officials’ illegal actions. A world-renowned graphic designer designed it.
It is not an investigating agency.
The CVC is a designated agency of the Indian Government. It accepts complaints on paper about corruption and misuse of office. However, unlike the CBI, it has limited resources and can’t initiate investigations. Hence, the CVC is often considered a powerless agency.
The CVC receives complaints under the Public Interest Disclosure and Protection of Informers’ Resolution (PIDPIIR), commonly known as the Whistleblowers’ Resolution. Despite its name, the Central Vigilance Commission is not an investigating agency; investigations are done by the CBI and chief vigilance officers of government departments. Its term of office is three years, and it lacks the necessary resources to pursue investigations.
It procures information from the central Government or its authorities.
The CVC should have a specialized wing. This wing should focus on studying decision-making processes and corruption-prone ministries or departments. Among other things, it should look into public procurement, which requires reform. In addition, it should identify areas where it could intervene, disinvest, or open up tendering and recommend measures to curb corruption. This would motivate whistleblowers to report irregularities in the public sector.
As of now, FinCEN’s proposed rule would apply to all financial institutions involved in the transmission of funds involving digital assets with legal tender status, including CVC. The proposed rule also applies to intermediaries, which include banks and financial institutions. In addition, FinCEN considers financial institutions’ recordkeepers to include those who conduct funds transfers involving CVCs, which are digital assets with legal tender status.
It examines the civil works of the Government.
The Central Vigilance Commission was formed by a resolution of the Government of India on 11 February 1964, with the sole aim of examining and advising various establishments in the central Government. The Commission has up to two members, and its only activity is to examine civil works undertaken by the Government. A Central Vigilance Commissioner heads the Commission. The Commission publishes an Annual Report every year, which summarizes its work.
CVC is empowered to investigate allegations of public corruption by public servants and suggest preventive measures. Its annual report highlights systemic failures within government departments and suggests ways to prevent future corruption. The CVC’s predecessor, the Special Police Establishment (SPE), was set up by the Government of India in 1941 to investigate bribery and corruption cases in the World War II era.
It conducts all its proceedings at its headquarters.
The CVC is a judicial authority conducting all its proceedings at its headquarters in New Delhi. It is independent of the Government and is responsible only to Parliament. The CVC ordinance of 1998, which was in effect till 7 January 1999, defined its functions and powers. The CVC also has the authority to request information and reports from various authorities of the Central Government. Its mandate also includes general supervision over the work of vigilance organizations and local authorities.
The CVC receives and studies Investigation Reports and recommends disciplinary action. After the competent authority accepts the CVC’s advice, disciplinary proceedings are initiated. Regular disciplinary proceedings are conducted against suspected public servants in PSUs and DoT Vigilance.
It has six complementary strategies.
CVC, in complete form, is a venture capital firm that makes investments for middle-market companies. Its focus is on companies that provide technology-enabled mission-critical services. It makes equity investments of $50 million or more. Its six complementary strategies focus on technology-enabled business services and mission-critical services.
CVC invests in businesses that are fundamentally sound and well-managed. With its global resources, it can bear the total weight of its expertise in any given situation. This gives it an edge when sourcing new investment opportunities. This also helps it create value during the period of ownership.
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