why corruption became big problem for india economic development.

1. PRESENTATION ON CORRUPTION
MADE BY:
ANKIT KUMAR SINGH
B.TECH (MECHANICAL ENGINEER 2nd YEAR)

2. AGENDA:
1. Corruption(Introduction)
2. Causes of Corruption
3. Overseas of Black Money
4. Tax Heavens
5. Black Money Involved
6. The Fact
7. Effects Of Corruption
8. India Must Act

4. INTRODUCTION
• Dishonest or illegal behavior especially by powerful people
(such as government officials or police officers).
• Inducement to wrong by improper or unlawful means (such as
bribery) .
• Government, or 'political', corruption occurs when an office-
holder or other governmental employee acts in an official
capacity for personal gain.

5. CAUSES UF CORRUPTION
• Lack of transparency (inflow and outflow of money)
• Silence
• Poverty
• Illiteracy
• Unmet expectations
• Low public sector salaries
• Increasing rate of tax
• Increasing rate of competition

6. ….THE CURSE THAT STOPS INDIA FROM
DEVELOPING
Overseas of
Black Money

7. WHAT ARE TAX HAVENS?
• Small countries like Switzerland, Angola, Bermuda, etc that
acts as places of registration for overseas non-resident
companies.
• They have Zero or very low income tax.
• They ask no question on the origins of the money coming in
their banks.
• They keep all banking records secret and cooperate very little
with other countries.

8. BLACK MONEY INVOLVED
• Total dirty money in tax-havens= $11.5 trillion (Rs. 7.5 crore-
crore)
• 50% of this money belongs to the developing countries like
India.
• Estimated Indian Black money in foreign banks $500 billion (
rs.25 lac-crores)
• They have no contribution to the world, expect as points on
the world map where ‘dirty’ money is kept safely.

9. THE FACT
• Unholy relations between Politicians and Businessmen.
• “At least $70-80 billion goes out every year.
• India’s black economy is 5 percent of GDP growth.
• India’s size of economy would have been $9 trillion.
• India has been witnessing unprecedented growth in its black
economy.
• Now estimated to constitute an alarming growth 50% of
country’s GDP growth.

10. WORLD MAP INDEX OF PERCENTAGE OF
CORRUPTION
3.3 RATING

11. INDEX OF PERCENTAGE OF
CORRUPTION BY INDIAN STATES
J&K
BIHAR
MOST CORRUPTED STATES

12. CORRUPTION PERCEPTION INDEX

13. EFFECTS OF CORRUPTION:
• No enhanced social infrastructure.
• Improper health care service.
• Poor educational facilities.
• Less employment opportunities.
• 90 percent of the hungry mouths in the country.
• Lose 5 percent of its GDP over last 30 years.
• Opportunity cost.
• The world’s second-largest economy , just after US.
• More importantly, we would not have had to witness the
Anna hazare movement to root out corruption if we didn’t
have a black economy.

14. INDIA MUST ACT
• Develop national will and agenda against black money in
foreign banks.
• Get immigration details of the 25,000 frequent travelers to tax
heavens.
• Upgrade financial action task force membership to full.
• Make specific anti-tax haven laws.
• Publicize entire economy history of overseas account holders.
• Develop a proper institutional infrastructure to fight the flight-
of-capital.

15. CONCLUSION
• Corruption is universal.
• Both developed and developing, in the public and private
sector.
• Corruption is a major constraint that is hindering their
a) Economic,
b) Political,
c) Social development.
• Hence, view it as A problem requiring urgent attention at the
highest level.

16. STOP CORRUPTION….SAVE INDIA

17. REALLY HONEST PERSON WILL NOT
CLOSE HIS EYES TO CORRUPTION
CLOSE HIS EARS TO COMPLAINTS
KEEP QUITE ABOUT CORRUPTION.

18. THANK YOU!