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Did he really say that? Indian minister recommends just stealing a little, not like dacoits

By Emerging Money,  August 15, 2012, 03:00:13 PM EDT

Emerging Money notable quote: "If you work hard, you can steal a little, but don't behave like dacoits."

[caption id="attachment_70784" align="alignright" width="300" caption="A dacoit-free zone? Agra, Uttar Pradash"] Image courtesy Vincent Desjardins: http://www.flickr.com/photos/endymion120/ [/caption]

Who said it?: Shivpal Singh Yadav, minister of public works in Uttar Pradesh, India's most populous state with more than 200 million inhabitants. According to local newspaper DNA.

Who was he talking to?: A district council of bureaucrats.

What are dacoits?: A member of a robber band or gang, apparently named after a Burmese province famed for opium growing and lawlessness.

What is the back story? Singh later claimed he was "quoted out of context" by a reporter who "snuck in" to his private staff meeting.

Emerging Money comment: It is easy to ridicule Singh. But officials who work hard and only steal a little really would be a big improvement for most emerging markets.

 

 

 

 




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, International, Stocks

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