corruption

CORRUPTION

Wrong doing on the part of an authority or a powerful party through means that are illegitimate and immoral with ethical standards.

EFFECTS OF CORRUPTION :

POLITICAL SPHERE-
• Public institutions and offices may lose their legitimacy due to the misuse of their power for their private interest.
• Distorting political development
• Reducing political instability
• Reducing political competition
• Reducing the transparency of decision making

ECONOMIC EFFECT-
• Depletion of national wealth
• Increase costs of goods and services
• Scarce public resources are used for uneconomic purposes rather than using them for the development of the hospitals ,schools ,roads ,fair markets ,potable water, electricity supply etc.
• Public wealth is converted to personal property
• Diminishing values of work ethics
• Misallocation of resources
• Unhealthy competition
• Rich becoming more rich and poor becoming more poor

SOCIAL EFFECT-
• Weak civil society due to frustration
• Widen Gap between rich and poor
• Social inequality
• Increased poverty
• Lack of basic needs food ,clothing shelter
• Hatred and insecurity
• Availing opportunities depend on paying bribes only

OVERALL THIS CORRUPTION IS GIVING DOWNFALL TO OUR INDIAN ECONOMY

LIGHT ON SCAMS IN INDIA
• ILLEGAL MINING SCAM- BS YEDDURAPPA
(former CM of Karnataka)

• ISRO SPECTRUM SCAM-

• 2G SPECTRUM SCAM- A RAJA
(former UNION CABINET
MINISTER IT)
Scam of 176000cr.

• FODDER SCAM- LALU PRASAD YADAV
Scam of 950 cr.

• COMMON WEALTH GAMES SCAM- SURESH KALMADI

• COAL IMPORT SCAM- JAYALALITA
Scam of crores

PROTEST IN INDIA AGAINST CORRUPTION

LOKPAL BILL
Main protestor- ANNA HAZARE
HUNGER STRIKE
(followed by thousand of people)

Lokpal bill – A three member body with a chair person who is or was chief justice or supreme court judge and two members who or have been high court judges or chief justices.
It will hopefully reduce corruption as it provides for filling complaints against prime minister, other ministers and members of parliament .anyone except for a public servant can file the complaint and lokpal has to take action within 6 months.

SATURDAY 27 August 2011

GOVERNMENT HAS FINALLY PASSED THE RESOLUTION OF LOKPAL BILL.

CONCLUSION :
Corruption is the one which has become a problem without any solution . It breeds in every society but once started it makes a net and this net becomes the one that can not be stopped.
Corruption in long run can spoil the whole society morally, ethically and economically. Corruption in every society destroys its economic prosperity and growth .it is the biggest hindering factor in our country in which the black money of corrupted people is lying in Swiss Bank , that money is actually the money of a common man .
Now the bill has been passed half of the work has been done to save the money of a common man .the work left is to bring in front the other corrupters and save the country.

REFRENCES-
Newspaper
www.jstor.com
wikepedia.org

SUBMITTED TO- MR. GURDEEPAK
SUBMITTED BY-NEHA
MBA- 1A