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What Is Corruption?
Corruption is fraudulent behavior by those in positions of power, such as managers or government officials. Corruption can include giving or accepting bribes (hush money) or inappropriate gifts, under-the-table transactions, manipulating elections, diverting funds, and laundering money.
One example of corruption in the world of finance would be an investment manager who is actually running a bait and switch scheme. However, Corruption can take place in many ways most probably, people in positions of authority are responsive to Corruption.
Essay on Corruption in 500 Words
Corruption in India is a consequence of the nexus between Bureaucracy, Politics, and Criminals. India is no longer considered a soft state. It has now become a consideration state where everything can be had for regard. Today, the number of ministers with a clean image can be counted on fingers. At one time bribe was paid for getting wrong things done but now a bribe is paid for getting the right things done at a right time.
Effect of Corruption in Indian administration is corrupted with scams India is among 55 of the 106 countries where corruption is uncontrollable, according to the corruption sense index 2004 report released by Transparency International India. Corruption in India leads to promotion, not prison, corruption in India has wings, not wheels. As a nation grows, the corrupt also grow to invent new methods of cheating the government and public
Causes of Corruption-Election time is a time when corruption is at its peak level. Big industrialists fund politicians to meet the high cost of election and ultimately to seek personal forever. Bribing to politicians buys influence and bribery by politicians buys votes.
Measures to Combat Corruption-Is it possible to contain corruption in our society? Corruption is cancer, which every Indian must strive to cure. Many new leaders when coming into power declare their determination to eradicate corruption but soon they themselves become corrupt and start amassing huge wealth.
There is much myth about corruption, which has to be exploded if really want to combat it. Some of these myths are Corruption is a policy of life and nothing can be done about it. Only people from underdeveloped or developing countries are face down to corruption. We will have to guard against all these crude fallacies while planning measures to fight corruption.
Some examples of corruption in the India-The 2G scam is the latest to hog the limelight. The issue came to light after the auction of airwaves for 3G services which amounted to 67,719 crores to the exchequer. The scam involves high-profile industrialists. Mr. A. Raja the Union Minister of IT is the main accused of this scam. Ms. Kanimozhi is co-accused.
The commonwealth game is another high-profile scam. Mr. Suresh Kalmadi, the main accused was sent behind bars. Somehow the commonwealth games were held, but after that came to light all the details about the money laundering that happened during the award of the contracts.
Conclusion-Corruption is an intractable problem. It may not be possible to source out corruption completely at all levels but it is possible to contain it within adequate limits. Honest and dedicated persons in public life control over elected expenses could be the most important prescription to combat corruption. Corruption has a corrosive impact on our economy. Corruption is a global problem that all countries of the world have to confront, however, can only be homegrown. The time has now come to root it out from the root.
essay on corruption,
Methods of Corruption
First of all, extortion is the most common method of Corruption. Bribery involves the inaccurate use of favors and gifts in exchange for personal gain. Furthermore, the types of favors are varied. Above all, the favors include money, gifts, company shares, sexual favors, employment, entertainment, and political benefits. Also, the personal gain can be – giving advantageous treatment and omit crime.
fraud point out to the act of prohibiting assets for theft. Furthermore, it takes place by one or more people who are authorized with these assets. Above all, fraud is a type of financial misuse.
An implant is a global form of Corruption. Most conspicuous, it refers to the illegal use of a politician’s authority for personal benefit. Furthermore, a popular way for the implant is misconduct public funds for the benefit of politicians.
Extortion is another major method of Corruption. It means to procure property, money, or services illegally. Above all, this procurement takes place by bully individuals or organizations. Hence, Extortion is quite similar to blackmail.
essay on corruption
Favoritism and nepotism are totally old forms of Corruption still in usage. This indicates to a person favoring one’s own relatives and friends to jobs. This is absolutely a very unfair use. This is because many deserving candidates fail to get jobs.
Abuse of maturity is another method of Corruption. Here, a person misuses one’s power and authority. An example can be a judge unlawfully reject a criminal’s case.
Finally, influence peddling is the last method here. This refers to illegally using one’s influence with the government or other authorized individuals. Furthermore, it takes place to obtain advantageous treatment or favor.
Prevention of Corruption
According to the amended Klitgaard equation, limitation of monopoly and regulator responsibility of individuals and a high level of transparency through an independent mistake by non-governmental organizations (NGOs) and the media plus public access to true information could reduce the problem. Djankov and other researchers have independently addressed the role information plays in fighting corruption with evidence from both developing and developed countries.
Disclosing financial information of government officials to the public is associated with improving institutional accountability and eliminating misbehavior such as vote-buying. The effect is specifically remarkable when the disclosures concern politicians’ income sources, liabilities, and asset levels instead of just income levels.
(essay on corruption)
Any extrinsic aspects that might reduce morality should be eliminated. Additionally, a country should establish a culture of ethical conduct in society with the government setting a good example to enhance the intrinsic morality.
In 1969, Christian anarchist Dorothy Day argued that God will resolve economic abuses such as corruption. She wrote,
Fortunately, the Papal States were wrested from the Church in the last century, but there is still the problem of investment of papal funds. It is always a cheering thought to me that if we have goodwill and are still unable to find remedies for the economic abuses of our time, in our family, our parish, and the mighty church as a whole, God will take matters in hand and do the job for us.
What is Corruption, Meaning of Corruption, Method, and Prevention of Corruption
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