corruption vs economic development

7/28/2019 CORRUPTION VS ECONOMIC DEVELOPMENT

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CORRUPTION vs ECONOMIC DEVEL


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CORRUPTION: A HOLE IN ECONOMIC DEV

IN INDIA

By : Mohan Singh 144

Presented To : Mr. LATISH KAPADI


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The misuse of public office for personal gains

As an act of bribery involving a public servant and a transfer of tangible re

Corruption = Monopoly + DiscretionAccountability

In a narrow sense, corruption is mostly concerned with bribery and it ta

forms. Corruption is a global phenomenon and it is omnipresent. Corru

progressively increased and is now rampant in our society.

CORRUPTION


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Bribery- Graft- Embezzlement

Trading in influence- Kickbacks

Patronage- Nepotism and cronyism- Unholy alliance

TYPES OF CORRUPTION


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Causes of corruption :

Change in the value system and ethical qualities of

administer.

In a highly inflationary economy, low salaries of gcompel them to resort to the road of corruption.

Big industrialist fund politicians to meet high cost oultimately to seek personal favour.

In order to get elected, politicians bribe poor illitera

slogging for two times meal.


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Causes of corruption:

Lack of awareness

Lack of proper Service-Level Agreements

Lax supervision and monitoring of staff

performance

Discretion

Absence of appropriate grievance redressal

mechanisms

Obsolete policies


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Impact of corruption on Indias GD


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Impact of corruption in businessImpact of corruption in business


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Perception of most corrupt industries


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How will corruption scenario in India change in the next 2 years?How will corruption scenario in India change

in the next 2 years?


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List of scandals :2011

Hasan Ali Khan scandal

Indian Black Money in Swiss Banks

Bellary mines scandal

ISRO Spectrum Allocation Scam

2010

2G spectrum scam and Radia Tapes Controversy

Adarsh Housing Society scam Commonwealth Games Scam

2009

Madhu Koda mining scam

Satyam scandal

Vasundhara Raje land scam


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2008

Cash For Votes Scandal

Pune billionaire Hasan Ali Khan tax default

The Satyam scam

2006

Stamp Paper Scam

Scorpene Deal Scam

2005

IPO scam Oil-for-food programme scam (Natwar Singh)

2004

Gegong Apang PDS Scam


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Tackling Corruption Lack of awareness

can be removed by clearly specifying the guidelines and inf

services.

Lack of proper SLAscan be taken care by a time bound service can be easily trac

the information is freely available hence empowering them t

the SLA is missed.

Lack of accountability, supervision

can be improved through institutional diagnostics such as pe

auditing which can be facilitated by well documented inform

Discretion

can also be kept under check if these subjective decisions ar

and hence available for review.

Grievance mechanisms and obsolete policies need to be direct


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Local Ownership

Increase accountability through increased transparen

Enforce access to information to all

Balancing of powers across executive, legislative an

Broad-based capacity building

Public empowered to monitor the state Administration based on rules

Rule of law

Focus on corruption initiated both from the North a

Key Principles


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Industry and standardization bodies can he

By documenting best practices

Building necessary tools

Using open standards, and

Reporting case studies.


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REALLY HONEST PERSON WILL NOT

corruption vs economic development

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