Global News Blog India's Supreme Court deals blow to corruption - and foreign investors

India’s Supreme Court has ordered the government to cancel telecommunications licenses awarded in 2008 that are at the center of one of the country’s largest corruption scandals.

Danish Siddiqui/Reuters

India's Supreme Court today issued a landmark decision against government corruption. The move will ultimately raise international confidence in India, but in the short term investors may stay away while the country cleans house.