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25.09.2015
Rocket Internet Backed Foodpanda desperately seeking a buyer for its troubled operations in India humble price of $ 10-15 million.
Despite the low valuation of the buyer of a platform for ordering food platform is not found, indicating that it may decide to close operations in India soon. The company is investing money heavily on the Indian market and has become one of the biggest players in online ordering food. It is not only Foodpanda who got a black belt, competitors like Zomato and TinyOwl together and cut more than 500 employees and reduce its operations. Use these free images for your websites, art projects, reports, and Powerpoint presentations! Imagine that you are an old lady from a poor household in a town in the outskirts of Chennai city, India. In Doha last month, CommGAP learned about the work of 5th Pillar, which has a unique initiative to mobilize citizens to fight corruption. According to Anand, the idea was first conceived by an Indian physics professor at the University of Maryland, who, in his travels around India, realized how widespread bribery was and wanted to do something about it. One such story was our earlier case about the old lady and her troubles with the Revenue Department official over a land title. Anand explained that a number of factors contribute to the success of the zero rupee notes in fighting corruption in India. The problem with most things in India is not that there aren't rules for things like corruption. India's pervasive corruption is more a function of the self serving sluggishness of the ruling class - the recently exposed Ruchika Girhotra case and my own experience indicate that checks and balances have collapsed and coalesced into one corrupt predatory ruling class. Very little difference between the judiciary, the administration, the legislature and the press.
My fear is despite the fantastic growth figures, India is fast deteriorating into an administrative nightmare and a bit of a basket case. Transparancy and accountability are the mantras that will create the necessary paradigm shift. Even as we speak, Dr Manmohan Singh’s Office, “Daredevil” Pratibha Patil’s Rashtrapathi Bhavan, Chief Information Commissioner Wajahat Habibullah, State Information Commissioner CD Arha are all in a criminal conspiracy to deny me justice. The Andhra Pradesh High Court in the inimitable manner of the Indian judiciary has misbehaved egregiously.
News and views from Divakar S Natarajan’s, “no excuses”, ultra peaceful, non partisan, individual sathyagraha against corruption and for the idea of the rule of law in India. It's not like we're unaware of the corruption that plagues this country, and most officials brazenly abuse their power- even if they might give it some seemingly harmless (borderline warm fuzzy) name (chai-paani).
If you have the tape of your documentary you should post the same on youtube and allow everyone the opportunity to have a look at your work. Could we please see the same system introduced in the US and other countries which officially endorse tipping for service? More seriously, This is basic economics: workers agree to the wage rate because they expect tips. On the other hand, in the existing system, misguided cheapskates like you can get away without paying a tip. Speaking of the government, if the waiter works at a government cafeteria, does that make it bribing a government employee? Personally, I would much rather pay a little more for the food, make sure waiters had a steadier stream of income, and reduce tipping to being a signal of gratitude for outstanding service.
There is an enormous difference between tipping, which is a customary gratuity paid for good service and witheld or reduced in the case of poor or execrable service and the kinds of baksheesh one is asked for in India before services are rendered. Baksheesh of the sort 5th Pillar is fighting requires someone to pay in advance for a service to which they are legally entitled. Coming from a non-tipping country (yes, there are some, just try travelling around Australia or New Zealand) and moving to the US, I certainly found the tip culture annoying. The service people who rely on tips to make ends meet, at least in Canada, have a lower minimum wage, by law, than other positions. 1) When a police association calls you for a donation in exchange for a decal that you stick on your car.
2) When drugs companies take doctors on expensive junkets as a reward for prescribing their drugs.
It is acommon sight that one has to wade through sea of corruption in every walk of life and do illegal things to get legal things done. If anybody find out way to break this religious dogma than only we can diminish the bribery from Indian society.
How pathetic is this and your one example sounds like a Hans Kristian Andersen fairy story. What happens when the initial shock of the zero-rupee note wears off and the corrupt officials are no longer afraid? This could only be effective, that too partially in the most trivial and petty form of corruption..


If the zero rupee notes are numbered and everyone who uses the zero rupee note kept track of the numbers, when they gave them to an official, where and who the official was you would obtain an excellent record of the extent of bribery.
The record might be useful to embarrass politicians and high officials into taking bribery seriously. I also wonder if corruption in India follows the typical pyramid structure, in which a portion of the money flows up the bureau's hierarchy. Comparison Of Fixed Deposit Interest Rates By Indian Banks - 2011, Which Banks Offers the Highest Rate of Interest on Fixed Deposits in 2011?, Best Rate of Interest on Fixed Deposits in India in 2011 ?
Note:- Please check latest interest rates from your respective bank branch before investing your money. Samwer brothers led- Rocket Internet interest in its in Indian portfolio has been declining in most of its leading companies, including FabFurnish and PrintVenue. It acquired TastyKhana and Just Eat  in India last year, to reflect as a competitor like Zomato, Swiggy and TinyOwl.
It also reports of alleged fraud and systematic differences in activity in the previous year. All you have wanted desperately for the last year and a half is to get a title in your name for the land you own, called patta.
In India, petty corruption is pervasive – people often face situations where they are asked to pay bribes for public services that should be provided free. He came up with the idea of printing zero-denomination notes and handing them out to officials whenever he was asked for kickbacks as a way to show his resistance. Fed up with requests for bribes and equipped with a zero rupee note, the old lady handed the note to the official. For people to speak up against corruption that has become institutionalized within society, they must know that there are others who are just as fed up and frustrated with the system. And definitely very much needed in a country like India where each and every government department is totally corrupted. Presently I am working as a Temporary Administrative Support person in the Poverty Reduction and Economic Management, (Poverty Reduction Unit). While the zero rupee note is an interesting idea, what real tangible impact it will have is questionable. That one can appeal or wake their conscience with a zero rupee note does make for a good story and an interesting read.
The more Indians are aware of this Act the more effectively it can be used and the more realistic our hopes towards a system that is rid of corruption.
Another commenter advocates a top-down approach to changing an entrenched system, an approach that has been tried in sub-Saharan Africa for thirty years with no lasting success. So you're the winner, and waiters are only asking for what's rightfully theirs in the first place. It is exploitative in that it provides a justification for employing service personnel at low wages (i.e. Here there is a choice to not, say, eat in a restaurant vs in India there seems to be little choice if you want, say, a birth certificate for your child you must pay a bribe to get it.
Did you know that drug companies keep track of all the drugs that is prescribed by a doctor. The zero rupee note appears to make use of the fear of the corruption being made transparent.
In that case, eventually, senior officials will either concede the point and try to make their money elsewhere, or they may simply instruct their underlings to ignore the notes.
It would be easy to prove that someone gave an official a zero rupee note, but very difficult to prove that the official asked for a bribe. But the next question which comes to our mind is ‘How do we get to know what is the right time for investment?’. The increased interest rates always attracts people to invest more which automatically decreases the circulation of money in the economy.
You need this land title to serve as a collateral for a bank loan you have been hoping to borrow to finance your granddaughter’s college education.
5th Pillar distributes zero rupee notes in the hopes that ordinary Indians can use these notes as a means to protest demands for bribes by public officials.
Anand took this idea further: to print them en masse, widely publicize them, and give them out to the Indian people. Corrupt officials seldom encounter resistance by ordinary people that they become scared when people have the courage to show their zero rupee notes, effectively making a strong statement condemning bribery.
Once they realize that they are not alone, they also realize that this battle is not unbeatable. And if they're enforced, people in the wrong use bribery to get away with breaking the law. There is also a possibility when they don't ask directly for a bribe themselves but don't do your work so that ultimately you yourself end up offering them bribe to get out of it. If this happened in all restaurants, food would simply be more expensive and you'd go to the same restaurants and pay as much.


But there would be transparency, and transparency is vastly more efficient that toying with expectation, differing social customs, tax avoidance and embarrassment. I wonder if the more notes are distributed, the less the officials may fear the threat of their actions being made transparent (if everyone uses the notes, then you're back to square one)?
The time period which can bring good returns on your investment is the best time for making investments. But there has been a problem: the Revenue Department official responsible for giving out the patta has been asking you to pay a little fee for this service. I recently spoke with Vijay Anand, 5th Pillar’s president, to learn more about this fascinating initiative. He thought these notes would be a way to get people to show their disapproval of public service delivery dependent on bribes.
Remarkably, the official stood up from his seat, offered her a chair, offered her tea and gave her the title she had been seeking for the last year and a half to obtain without success. In addition, officials want to keep their jobs and are fearful about setting off disciplinary proceedings, not to mention risking going to jail.
Then, a path opens up—a path that can pave the way for relatively simple ideas like the zero rupee notes to turn into a powerful social statement against petty corruption. And in the case of public officials, they ask for bribes because they know that most people will pay the bribe and move on rather than try and fight it. I have been searching for something positive to work on, in assisting my fellow compatriots in Sierra Leone, in getting out of "POVERTY" and living a meaningful life. In fact, given some market power, the owners would raise prices more than the wage hike and you'd end up losing.
The program also seems suited to a situation of small scale corruption, where the official is gaining little and possibly risking much, and they don't have the protection of higher-level perpetrators. How many failed prosecutions of officials before officials begin to suspect that the notes don't really change the likelihood of punishment?
Currently the rate of interest is at a higher side which means investing your money will bring good returns.
So this is the right time to invest your surplus money under a fixed deposit in the bank which offers you the best rate.
Had the zero rupee note reached the old lady sooner, her granddaughter could have started college on schedule and avoided the consequence of delaying her education for two years.
More importantly, Anand believes that the success of the notes lies in the willingness of the people to use them.
With internet use being pervasive everywhere, 5th Pillar could also setup and petition the government to setup a website to register complaints against officials, and even a corruption fighting hotline where people could phone in to register complaints. As depositing your money in Fixed deposit is the best way to make your money grow with safety. But you are poor (you are officially assessed to be below the poverty line) and you do not have the money he wants.
The first batch of 25,000 notes were met with such demand that 5th Pillar has ended up distributing one million zero-rupee notes to date since it began this initiative.
In another experience, a corrupt official in a district in Tamil Nadu was so frightened on seeing the zero rupee note that he returned all the bribe money he had collected for establishing a new electricity connection back to the no longer compliant citizen.
When she approached the bank for student loan, the bank manager asked bribe and after a long struggle, the girl's mother committed suicide due to depression.
Lets have a look how your investment can be fruitful while investing in Fixed Deposits for long term.
And the most absurd part about the scenario you find yourself in is that this is a public service that should be rendered to you free of charge in the first place. Along the way, the organization has collected many stories from people using them to successfully resist engaging in bribery.
Nothing can be done with officials without first giving them a "BRIBE." This article speaks volume of a simple way of tackling corruption. As is stated, the masses affected had nothing to fear because they had the backing of a strong organization. So most people don't know how to really use the democracy they are an integral part of to their own advantage. I receive emails daily from various organizations asking me to write my local congressman, senator or local official on behalf of green, environmental or political issues for which I receive personal responses from these officials. They know that in this country, at least on the surface, that they work for me and not the other way around. It is my vote that gives them the privilege to serve, not the right to make good on my vote.



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