India ratifies U.N. Convention against Corruption

• India has ratified the United Nations Convention against Corruption — a politically correct move that ought to take some heat off a government battling serious corruption charges and seen as unwilling to crackdown on black money stashed away abroad.
• Indeed, in recent days a question often asked was why India had not ratified the Convention when asset recovery is stated explicitly as a fundamental principle of the Convention. Besides, member-countries are bound by the Convention to render mutual legal assistance towards prosecution of offenders as well in tracing, freezing, and confiscating the proceeds of corruption.
• The Prime Minister's explanation for the delay was that the ratification had been under active consideration since September 2010 and a Group of Ministers was deputed to oversee the process. 
• The text of the United Nations Convention against Corruption was negotiated during seven sessions between January 21, 2002 and October 1, 2003. The Convention was adopted by the General Assembly by Resolution 58/4 of October 31, 2003 and it entered into force on December 14, 2005.