Project on :- Corruption in IndiaSubmitted by:- Submitted to :-Avinash Xalxo Ms Sweety CorneliusJayesh TatwadeAshish MehraAshish SonekarGiriraj Chauhan
Political, bureaucratic, corporate and individual corruption inIndia are major concerns. A 2005 study conducted byTransparency International in India found that more than 55% ofIndians had first-hand experience of paying bribes or influencepeddling to get jobs done in public offices successfully.Transparency International estimates that truckers payUS$5 billion in bribes annually. In 2010 India was ranked 87thout of 178 countries in Transparency Internationals CorruptionPerceptions Index.
“The recent scams involvingunimaginably big amounts ofmoney, such as the 2G spectrumscam, are well known. It isestimated that more than trilliondollars are stashed away in foreignhavens, while 80% of Indians earnless than 2$ per day and everysecond child is malnourished. Itseems as if only the honest peopleare poor in India and want to get ridof their poverty by education,emigration to cities, andimmigration, whereas all the corruptones, li] are getting rich throughscams and crime. It seems as ifIndia is a rich country filled with poorpeople"
Black moneyMain article: Indian black moneyBlack money refers to money removedfrom the official economy (viacorruption, bribery, tax evasion, etc.)and stored outside of the country. ANovember 2010 report from theWashington-based Global FinancialIntegrity estimates that India lost atleast US$462 billion in illicit financialflows, another word for blackmoney, from 1948 through 2008. Thereport also estimated the size of Indiasunderground economy atapproximately US$640 billion at theend of 2008 or roughly 50% of thenations GDP.
Black Money in SwitzerlandAccording to a 2010 The Hinduarticle, unofficial estimatesindicate that Indians had overUS$1456 billion in blackmoney stored in Swiss banks(approximately USD 1.4trillion). While some newsreports claimed that dataprovided by the Swiss BankingAssociation Report (2006)showed India has more blackmoney than the rest of theworld combined, a more recentreport quoted the SBAs Headof InternationalCommunications as sayingthat no such official statisticsexist. Another report said thatIndian-owned Swiss bankaccount assets are worth 13times the country’s nationaldebt.
Right to Information ActMain article: Right to Information ActThe Right to Information Act (2005) and equivalent actsin the states, that require government officials tofurnish information requested by citizens or facepunitive action, computerization of services and variouscentral and state government acts that establishedvigilance commissions have considerably reducedcorruption or at least have opened up avenues toredress grievances. The 2006 report by TransparencyInternational puts India at the 70th place and statesthat significant improvements were made by India inreducing corruption.
The truth is no one complains aboutcorruption when it is to their advantage.People only complain when it adverselyaffects them. So, if everyone is honestand complains loudly even whencorruption works in their favor, alongwith legislation that creates harshpunishment for corrupt people inpower, we will be taking a step in theright direction. Corruption at the top canonly flourish when it is fueled from thebottom. As long as there is someone atthe bottom willing to pay a bribe, therewill always be someone at the top totake it.
What do you think? Please raise your voice Don’t keep silentWrite to the newspapers and TV channels in your area and tell them what do you want