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India Hits New Record Low In Corruption

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INDIA HITS NEW RECORD LOW IN CORRUPTION

While india’s GDP and growth may be progressing however india’s corruption index is hitting all-time lows.

Is there a link to corruption and growth/prosperity???

Corruption and GDP Growth related

Journal reports according to Transparency International’s corruption perception index, India scored 3.1 on a scale from zero to 10, where anything below five is bad news.

 

Last year, India scored 3.3.  India ranked 95th in the list – lower than China, which scored 3.6 points and ranked 75th. A string of recent corruption scandals like alleged graft in the allocation of the 2G spectrum and organisation of Commonwealth Games last year in October may have worsened India’s image. 

 

http://economictimes.indiatimes.com/news/politics/nation/a-new-low-india-sinks-in-global-corruption-ranking/articleshow/10942886.cms

http://timesofindia.indiatimes.com/india/FDI-in-retail-Traders-down-shutters-in-protest/articleshow/10940922.cms

 

The Index, which is closely watched by investors, economists, and civil society campaigners, is based on expert assessments and data from 17 surveys from 13 independent institutions, covering issues such as access to information, bribery of public officials, kickbacks in public procurement, and the enforcement of anti-corruption laws. While critics note that measuring perceptions of corruption is not the same as measuring corruption itself, the latter is almost impossible to do – as the corrupt are usually keen to cover up their tracks, hard data on graft and bribery is notoriously difficult to come by.

 

Perhaps there is a link between corruption and growth/prosperity, provided india does not play-by-rules or sideline the rules of EQUAL-PLAYING-FIELD.

The initial test of EQUAL-PLAYING-FIELD that india is failing, 

Reverse-Outsourcing OR FDI

/story/1444/232/Reverse-Outsourcing_OR_FDI.html

While so-long india has enjoyed US JOBS OUTSOURCING benefits however now when US/EUROPE want’s to RETAIL in india with competition and fair-value, indian traders are going for massive strike and terming this as ANTI-INDIA or SLAVERY!

ITS LIKE WAR OUT THERE,

 

Not all wars involve weapons,
WAR by india’s   TRADERS against FDI
 
As usual anna is now confused again with FDI, keep fooling…….

Indian Express
Indian Express - 4 hours ago
Social activist Anna Hazare on Wednesday opened a new front against the Union government by opposing FDI in retail and expressed his apprehension that FDI 

At-last the DRAMA is over!

 
 
 
Why indian traders are against FDI?
 
FDI is good for consumers that’s why local traders are off-on-strike! FDI promises competition and fair-value apart from bringing in quality products to indian consumers. However, ‘local indian traders’ that deal with ‘Black-Money‘ will be put-to-rest with FDI.
 
The indian traders and middleman looses with FDI since they will be forced to trade/transact in WHITE-MONEY!
 
 

Indian black money - Wikipedia, the free encyclopedia

 

Black money refers to funds earned on the black market, on which income and other taxes has not been paid. The total amount of black money deposited in 



 

We know almost 70% of business transactions is done in BLACK-MONEY by indian traders, almost 90% of trades/deals involve BLACK-MONEY, especially business-owners  almost 90% deal with black-money therefore they are against FDI in india!
 
Since, foreign participation e.g. US/EUROPE shall play by RULES and furnish required TAXES whereas current transaction by indian traders hardly pay any TAX.
 
Black-Money is a sort of CORRUPTION!

‘In India, day-to-day petty corruption is hardest on the poor’

Hindu Business Line - 

It is a time bomb that eventually explodes as was the case in the Middle-East where corruption was the common denominator. No country is immune to this though some which are better than the others.
 
The Index, which is closely watched by investors, economists, and civil society campaigners, is based on expert assessments and data from 17 surveys from 13 independent institutions, covering issues such as access to information, bribery of public officials, kickbacks in public procurement, and the enforcement of anti-corruption laws. While critics note that measuring perceptions of corruption is not the same as measuring corruption itself, the latter is almost impossible to do – as the corrupt are usually keen to cover up their tracks, hard data on graft and bribery is notoriously difficult to come by.
 
Related Article,



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