Dr Rajiv Desai
An Educational Blog
CORRUPTION AND BLACK MONEY IN INDIA
CORRUPTION AND BLACK MONEY IN INDIA: Corruption is defined as an abuse of public power for private gains in which an official transfers a benefit to an individual who may or maynot be entitled to the benefit; in exchange for an illegal payment/gift/favour which is known as the bribe. Black money is defined as a money which is not accounted for in the official records,either earned through legitimate sources without paying income tax or through illegal activities. Sources of black money: 1)corruption 2)drug trafficking 3)arms trafficking 4)gambling 5)counterfeiting 6)prostitution and pornography. Corruption are of 2 types;petty corruption and grand corruption. Petty corruption means common people have to pay bribe to small officials to get security,justice,health,education,water,electricity,ration etc etc…Almost 100 percent indian people pay for petty corruption. Grand corruption means involvement of Ministers,MPs.MLAs,Bureaucrates and big businessmen who are involved in award of big contracts. Why corruption??? Corruption basically means dishonesty which is […]
