Press Releases Archive

Dr. JP demands a thorough probe into Satyam fraud

Lok Satta Party President Dr. Jayaprakash Narayan today demanded a thorough investigation by all regulatory agencies into the monumental accounting fraud in Satyam Computers and stringent punishment of all the guilty.

In a statement, Dr. JP pointed out that the colossal failure of the internationally reputed auditing firm PwC in the Satyam case reminded one of the role of Arthur Andersen in the Enron case and undermined people’s faith in corporate governance.

"It is possible that other corporate bodies too may have been resorting to accounting jugglery. It is high time that the Government and regulatory agencies thoroughly reviewed the accounting practices of all big corporate entities in the next few weeks and plugged all loopholes. An exercise on a war-footing is necessary to restore public confidence in Indian corporate governance both nationally and globally."

Dr. JP said that people, who forgot that real wealth creation lay in the production of goods and services fomented speculative bubbles in sectors like the stock market and the real estate. In the process, innocent people lost their all in chasing the mirages created by manipulators.

Dr. JP said that the quest for prominence and fear of losing power or position or influence made people resort to unethical practices and commit monumental blunders both in the corporate world and pubic life in general. A big corporate firm like Satyam had sought to maintain the illusion of profits instead of accepting and confronting the realities honestly. "It is a classic case of hubris and tragedy that overtakes when appearances become more important than realities."

Dr. JP said: "The one message that comes out loud and clear from the Satyam episode is that there is no point in shutting our eyes to realities. Despite the universal knowledge that corruption and malpractices have become integral to our public life we are feigning surprise each time something surfaces and after appropriate initial shock and horror, we forget about them. The real sufferers of our refusal or unwillingness to take note of the decay at the core are the poor and the marginal sections. We have to take stock of our failings collectively, acknowledge them honestly and address them swiftly and decisively."

Thursday, January 8, 2009 - 12:48

Lok Satta Welcomes Urban Health Mission

The Lok Satta Party today welcomed the Government of India decision to introduce the National Urban Health Mission on the lines of the National Rural Health Mission, although belatedly. Lok Satta Party President Dr. Jayaprakash Narayan, as a member of the National Advisory Council, had played a pivotal role in conceiving and drafting the scheme.

Lok Satta Party spokesman Katari Srinivasa Rao and Working Committee member Laxman Balaji told the media that nearly 80 percent of migrants to urban areas led miserable lives and as a result fell prey to ill health. About 3.7 percent of people slipped into poverty every year as they incurred debt at to meet medical expenses. About 60 percent of urban children went without immunization in their first year. Youngsters remained weaklings. The proliferation of slums contributed to the outbreak of diseases affecting everybody. The introduction of the NUHM is, therefore, welcome against such a backdrop, the Lok Satta leaders remarked.

The Lok Satta leaders wanted the Government to focus on prevention of disease and provision of primary care. Formation of ward committees with resources and powers to implement and oversee all schemes concerning health care and sanitation would go a long way in curbing corruption and faster delivery of health services.

Tuesday, January 6, 2009 - 22:01

Government to blame for cotton growers distress

The Lok Satta Party today accused the State Government of having badly let down cotton farmers by not counselling them against going in for cotton because of the likely glut, supplying poor quality BT seed and by not ensuring purchase of the produce at a remunerative price.

The yield went down because of inferior seed and unseasonable rain even as the farmers had to spend more on pesticide as the crop was vulnerable to pests. At a time the cotton farmer was in distress, the Cotton Corporation of India had stopped purchases on the ground its warehouses were overflowing in the wake of the fall in exports and left the farmers to the mercy of private traders. On top of it the banks deducted farmers’ loan dues from out of the delayed CCI cheque payments.

Talking to the media, party spokesman Katari Srinivasa Rao and State Working Committee member Laxman Balaji demanded that the State Government immediately intervene, ensure that the CCI resumed purchases and render justice to farmers. A permanent solution to such problems lies in starting agri-clinics which will guide farmers from the time of sowing to the marketing of produce and ensure supply of quality inputs.

Tuesday, January 6, 2009 - 21:59

Vote Online in Lok Satta Party Internal Elections

All LSP members who are living outside Andhra Pradesh can now participate in LSP's historic internal elections process.

If you have registered yourself as a member at, then you can cast your vote! All you need to do is send an email to ID clearly choosing your 1st, 2nd and 3rd preferences for the Party State President office. The contesting candidates are: Ms. Akula Maharani, DVVS Varma and Dr. N. Jayaprakash Narayan. A copy of the ballot paper is given here.

Note: your vote emailed to us will be counted only after the Electoral Authority verifies the genuineness of your vote and membership. So, please do not forget to mention your name, complete contact details and LSP membership related information in your email-vote! (You can register as a member by visiting

Friday, January 2, 2009 - 12:31

Retd. Kerala DGP joins Lok Satta

Mr. Upendra Varma, retired IPS officer of the rank of Director General of Police, Kerala, today joined the Lok Satta Party in the presence of party President Dr. Jayaprakash Narayan.

A Master of Arts in Political Science and Master of Business Administration, Mr. Varma joined the IPS in 1971 and retired in October 2008 as Director, Institute of Management in Government Kerala.

During his 17 years of service in Kerala, he served as Director General, Vigilance, and Anti Corruption Bureau. On deputation to Delhi for about 17 years, he had served as Assistant Director in the Enforcement Directorate and Joint Secretary in the Cabinet Secretariat.

Mr. Varma has come forward to invest his time and effort in strengthening the Lok Satta Party which is striving to usher in new political culture. Lok Satta’s goals are national, and Andhra Pradesh is the starting points for political transformation. Mr. Varma joined the movement in keeping with this spirit. He is also willing to give substantial time to Andhra Pradesh in the run up to 2009 elections.

Lok Satta in deeply committed to one India – one citizenship concept. We need to create an inclusive India giving space and opportunity to all sections, ensuring equal justice to all, and promoting dignity of all citizens. "Reconciliation of all conflicts and contentions harmoniously is a vital pay of this process" Dr. JP said. Lok Satta Party is confident Lok Satta will emerge as a strong national platform to transform our republic and strengthen constitutional values. Sri Varma's leadership and participation are an important milestone in this endeavors.

Thursday, January 1, 2009 - 18:58