A Article on Corruption

The word corruption means destruction, ruining or spoiling – a society or nation. A corrupt society is characterized by immorality and lack of fear or respect for the law. Corruption is always contextual and rooted in a country’s policies, bureaucratic traditions, political development, and its social and cultural history. The total monetary worth of the Scam committed since 1992 in India is worth more than around Rs 1, 00, 00,000 crores. Mega Black Money Laundering Scam Cost Rs. 70,000 Crores, CWG Scam Cost: Rs. 70,000 crores, 2G Spectrum Scam Cost: Rs 176,000 crores, Adarsh Housing Scam Cost: Rs 18,978 crores, Scorpene Submarine Scam Cost: Rs 18,978 crores, Stamp Paper Scam Cost: Rs 20,000 crores, Bofors Scam Cost: Rs. 400 million, Fodder Scam Cost: Rs. 950 crores, Hawala Scam Cost: Rs. 80 crores, Satyam Scam Cost: Rs. 14,000 crores, Stock Market Scam Cost: Rs. 3,500 crores, Madhu Koda Scam Cost: Rs. 4,000 crores, . Cement Scam Cost: Rs. 30 crores, Nagarwala Scam Cost: Rs. 67 Lakhs, Mundhra Scam (1957) Cost: Rs. 1.2 crores are Mega corruption scams. Laws fixing accountability and encouraging transparency combined with efficient judiciary and free press provide ideal atmosphere to tackle the menace of corruption. Prevention of Corruption Act, 1988 (POCA), Right to Information Act, 2005, Public Interest Disclosure Resolution, Jan Lok Pal Bill etc. laws are fixing accountability and encouraging transparency. Corruption hurts everyone. It affect on the Poor heavily. The changes in income distribution have been partly the result of corrupt actions of non-transparent privatizations.