Corruption in India
CORRUPTION IN INDIA
INTRODUCTION
Political Corruption In India Is A Major Concern For The Country.
It also plays as a barrier in development of the country and its people, 75% of the people experience 1st hand corruption. India was ranked 87th of 178 countries in Transparency International's Corruption Perceptions Index which is huge setback for India. India also tops the list in black money in the whole world Corruption undermines economic development by generating considerable distortions and inefficiency. In the private sector corruption increases the cost of business through the price of illicit payments themselves, the management cost of negotiating with officials, and the risk of breached agreements or detection.
TOP SCAMS OF INDIA
• 2G Scam
We have had a number of scams in India; but none bigger than the scam involving the process of allocating unified access service licenses. At the heart of this Rs.1.76-lakh crore worth of scam is the former Telecom minister A Raja – who according to the CAG, has evaded norms at every level as he carried out the dubious 2G license awards in 2008 at a throw-away price which were pegged at 2001 prices
• CWG Scam Another feather in the cap of Indian scandal list is Commonwealth Games loot Yes, literally a loot! Even before the long awaited sporting bonanza could see the day of light, the grand event was soaked in the allegations of corruption. It is estimated that out of Rs. 70000 crore spent on the Games, only half the said amount was spent on Indian sportspersons.The Central Vigilance Commission, involved in probing the alleged corruption in various Commonwealth Games-related projects, has found discrepancies in tenders – like
INTRODUCTION
Political Corruption In India Is A Major Concern For The Country.
It also plays as a barrier in development of the country and its people, 75% of the people experience 1st hand corruption. India was ranked 87th of 178 countries in Transparency International's Corruption Perceptions Index which is huge setback for India. India also tops the list in black money in the whole world Corruption undermines economic development by generating considerable distortions and inefficiency. In the private sector corruption increases the cost of business through the price of illicit payments themselves, the management cost of negotiating with officials, and the risk of breached agreements or detection.
TOP SCAMS OF INDIA
• 2G Scam
We have had a number of scams in India; but none bigger than the scam involving the process of allocating unified access service licenses. At the heart of this Rs.1.76-lakh crore worth of scam is the former Telecom minister A Raja – who according to the CAG, has evaded norms at every level as he carried out the dubious 2G license awards in 2008 at a throw-away price which were pegged at 2001 prices
• CWG Scam Another feather in the cap of Indian scandal list is Commonwealth Games loot Yes, literally a loot! Even before the long awaited sporting bonanza could see the day of light, the grand event was soaked in the allegations of corruption. It is estimated that out of Rs. 70000 crore spent on the Games, only half the said amount was spent on Indian sportspersons.The Central Vigilance Commission, involved in probing the alleged corruption in various Commonwealth Games-related projects, has found discrepancies in tenders – like