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Introduction

Corruption is the moral or spiritual deviation from an ideal. It undermines political, social andeconomic stability and damages trust in institutions and authorities. It also fuels transnationalcrime by aiding terrorists and organized criminals. Corruption is of particular concern for theworlds police and judicial systems, as corruption in one country can compromise an entireinternational investigation.

Corruption affects all regions of the world and all levels of society, but the impact is greatest indeveloping countries. .World Bank estimated in 2004 that every year, every year, developingcountries lose USD 50 million to 100 million through corrupt acts (World Bank estimate, 2004).In modern times, corruption of funds, money and resources are occurring at such a high extentthat it plays an active role in even our day to day lives. A 2008 study conducted by TransparencyInternational in India found that about 40% of Indians had first-hand experience of paying bribesor using a contact to get a job done in public office and in 2012 it has ranked India 94th out of176 countries in Transparency International's Corruption Perceptions Index.

India has seen extensive amounts of corruption in various fields. From the 2g scam to commonwealth politics and industry have worked together very well when it came down to corruptionand illegal flow of money. Some industries tend to have relatively higher instances of briberyand corruption than others, primarily due to the link they have with multiple parties both in thegovernment as well as private realm. We asked respondents to rate the industries they perceivedas most corrupt. Approximately 50 percent of the respondents are of the view that real estate andconstruction and telecom sectors are most prone to corruption followed by the socialdevelopment sector.

This does not come as a surprise since in all these sectors government and political interventionis considered higher. Large capital investments, multi-level approvals, complex processes andhuge projects gives immense opportunity for corruption in these sectors.

Anti-Corruption activities have been actively organized both by the government and mostly by

NGOs and public pressure groups. On one hand we have IAC and Lok Satta Movement and on

the other organizations like the Bharat Swabhiman fight vigorously against corrupt officials and

practices. While RTI was definitely a big step forward there is still a lot a country like India can

and should do to combat the ill effects of corruption.

This report discusses not just the disadvantages of corruption. (PUT IN SOME

20-30 WORDS)

http://en.wikipedia.org/wiki/Lok_Satta_Movementhttp://www.bharatswabhimantrust.org/bharatswa/en/default.aspxhttp://www.bharatswabhimantrust.org/bharatswa/en/default.aspxhttp://en.wikipedia.org/wiki/Lok_Satta_Movement

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