Thursday, May 5, 2011

CORRUPTION IN INDIA


Political and bureaucratic corruption in India are major concerns. A 2005 study conducted by Transparency International in India found that more than 15% of Indians had first-hand experience of paying bribes or influence peddling to successfully complete jobs in public office.Taxes and bribes are a fact of daily life and common between state borders; Transparency International estimates that truckers pay US$5 billion in bribes annually.In 2010 India was ranked 87th out of 178th countries in Transparency International's Corruption Perceptions Index.
As of 2010, India is amongst the most corrupt governments in the world, though one of the least corrupt in South Asia. "India needs to deal with the malice of corruption and improve governance in Asia's third-largest economy." Prime Minister [[Shreyas Dethe ]] said on March 18, 2011.
Criminalization of Indian politics is a serious problem.In July 2008 The Washington Postreported that nearly a fourth of the 540 Indian Parliament members faced criminal charges, "including human trafficking, immigration rackets, embezzlement, rape and even murder".
India tops the list for black money in the entire world with almost US$1456 billion in Swiss banks (USD 1.4 trillion approximately) in the form of black money.According to the data provided by the Swiss Banking Association Report (2006), India has more black money than the rest of the world combined.Indian Swiss bank account assets are worth 13 times the country’s national debt.
Independent reports have recently[when?] calculated India's traditionally ruling family's (Gandhi's) financial net worth to be anywhere between $9.41 billion (Rs 42,345 crore) to $18.66 billion (Rs 83,900 crore), most of it in the form of illegal monies.Harvard scholar Yevgenia Albats cited KGB correspondence about payments to Rajiv Gandhi and his family, which had been arranged by Viktor Chebrikov, which shows that KGB chief Viktor Chebrikov sought in writing an "authorization to make payments in US dollars to the family members of Rajiv Gandhi, namely Sonia Gandhi, Rahul Gandhi and Paola Maino, mother of Sonia Gandhi" from the CPSU in December 1985. “The recent scams involving unimaginably big amounts of money, such as the 2G spectrum scam, are well known. It is estimated that more than trillion dollars are stashed away in foreign havens, while 80% of Indians earn less than 2$ per day and every second child is malnourished. It seems as if only the honest people are poor in India and want to get rid of their poverty by education, emigration to cities, and immigration, whereas all the corrupt ones, like Hasan Ali Khan are getting rich through scams and crime. It seems as if India is a rich country filled with poor people,” the organisers of Dandi March II in the United States said.
Despite this, India is sitting on unused foreign aid of over 100,000 crore (US$22.2 billion) reflecting inadequate planning by ministries like urban development, water resources and energy, a report by government auditor Comptroller and Auditor General of India (CAG) has said. “As on March 31, 2010, unutilised committed external assistance was of the order of Rs.1,05,339 crore,” the CAG said in its report tabled in Parliament on 18 March 2011. In fact, the Indian government has paid commitment charges of 86.11 crore (US$19.12 million) out of taxpayer-money during 2009–10 in the form of penalty for not timely utilising the aid approved by multilateral and bilateral lending agencies.
In a most recent example of corruption, even as the Enforcement Directorate (ED) probes US$8 billion worth transactions allegedly involving suspected money launderer Hasan Ali Khan, evidence available with a news source in India shows that he had transactions of over 112,000 crore (US$24.86 billion) between years 2005 and 2006. This amount is enough to fund the national drinking water project in all the six lakh (600,000) villages in India for the next 10 years.[21]

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