Corruption Current Affairs

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India ranks 9th in corruption in business: EMEIA Fraud Survey  

According to EY Europe, Middle East, India and Africa (EMEIA) Fraud Survey 2017, India ranks 9th among 41 surveyed countries in bribery and corrupt practices in businesses.

India’s ranking has improved marginally from the survey findings in 2015 when India was at the 6th position. It has improved due to better regulatory scrutiny and emphasis on transparency and governance. 

Key Facts
  • In this edition of the survey, India ranked behind Ukraine, Cyprus, Greece, Slovakia, Croatia, Kenya, South Africa and Hungary,.
  • The survey noted that nearly 78% respondents in the India have mentioned that bribery and corrupt practices happen widely in businesses.
  • The findings in the survey also revealed that nearly 41% of Indian respondents are prepared to act unethically to enhance their own career
  • Over 13% respondents in India are prepared to provide false information to improve their career or pay. 58% stated that loyalty towards company prevents employees from reporting fraud, bribery or corruption.
  • The uncertainties in business environment, augmenting pressure to meet financial targets and aspirations to achieve unprecedented career growth are driving employees to justify unethical workplace behaviour.
  • Organisations should encourage millennials (people born in the 1980s-90s) to strengthen their moral compass, communicate importance of upholding ethical standards and develop programmes to motivate future leaders make right choices in life.
  • Globally, 1 in 5 respondents said they would be prepared to act unethically for their careers. It calls for improved enforcement action to restore confidence in businesses.

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India tops in bribery rate among 16 Asia-Pacific nations: Transparency International

According to recent survey released by Transparency International (TI), India had highest bribery rate among the 16 Asia-Pacific countries surveyed between July 2015 and January 2017.

The survey was conducted among more than 21,000 people in the region. It revealed that more than one in four people, when accessing basic services like medicine, education or water.

Key Highlights of the Survey
  • Countries having highest incidence of bribery: 69% of the study group in India said that they have paid a bribe, done a favour or given a gift to receive services.
  • Vietnam follows this suit with 65%, Thailand 41% and Pakistan 40%. China reported a much lower 26%.
  • Countries having lowest incidence of bribery: Japan had the lowest incidence of bribery at 0.2% followed by South Korea and Australia recorded 3% each, Hong Kong 2% and Taiwan 6%.
  • India related facts: Nearly seven in 10 people who had accessed public services in the country have payed bribe.
  • 46% to 60% of Indians said they have paid bribes for various public services, including in public schools and hospitals, getting IDs, voter cards and permits and accessing utilities and police and court services as well.
  • Institution wise facts: Police, a key law and order institution suffer most from corruption. Nearly two in five people in the region mentioned the police were mostly or entirely corrupt (39%).
  • They also perceived political decision-makers at both the national and local level to be highly corrupt. Legislative representatives, officials and local councillors were also highly corrupt (from 35 to 37%).
  • Religious leaders were seen as far cleaner, with fewer than one in five were highly corrupt (18%).

About Transparency International (TI)

TI is an international non-governmental organization based in Berlin, Germany. Its purpose is to take action to combat corruption and prevent criminal activities arising from corruption. It publishes annually Corruption Perceptions Index and Global Corruption Barometer

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Government introduces alternative funding mechanism of electoral bonds: Budget

The Union Government has announced two measures in the Budget 2017-18 to bring in greater transparency in funding of political parties.

These include capping cash funding by a single anonymous donor to Rs. 2000 (one tenth of the current limit of Rs 20,000) and introduction of the electoral bonds. It will take effect from 1 April, 2018.

Key Facts
  • The finance bill lays out the way ahead for capping cash funding and sale of electoral bonds by proposing amendments in the section 13A of the Income-Tax Act, 1961 and to Reserve Bank of India Act, 1934.
  • The amendment to I-T Act will provide political party exemption if the donation not exceeding Rs. 2,000 is received through instruments such as cheque, draft, electronic clearing system or electoral bond.
  • The amendment of RBI Act will facilitate introduction of electoral bonds. These bonds will be instrument to donate money to political parties and the RBI will acts as the intermediary.
  • Donors can purchase bonds only through cheque or digital mode, helping to track record of the source of the purchase.
  • These bonds shall be redeemable only in the designated account of a registered political party and within the prescribed time limit from issuance of bond.
  • The bond bearer’s identity will be unlikely revealed in the books of the political party and the recipient party will also remain unknown.

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