India is Among the Most Popular investment destinations in the world thanks to low STI Political Labour Costs and stable climate. India has the economy liberalism DURING the last 20 years and the Government has a business-friendly policy. On the Other Hand, the business climate is a cumbersome Hampered by Bureaucracy and pervasive Corruption at all Levels of Government. The political system is deep-rooted character is by patronage systems and public Officials Often Have Vested Interests in Their positions. Corporate integrity también very low, as Regularly Scandals highlight Indian companies’ payment of kickbacks Both inland and abroad when to Operating. The federal structure of Government Means That the level of Corruption and the responses to it Vary a lot from state to state.
Positive Developments in relation to Corruption and investment:
The Right to Information Act 2005 (RTI Act) has Worked as a Powerful instrument to Enhance Transparency governance. The RTI Act grants access to administrative documents and 30 days Within Has Been Actively Used to hold accountable for Public Officials and Their Decisions to monitor public investment expenditure incurred.
The Supreme Court has taken bold steps by upholding Some Charges in Corruption Cases INVOLVING Politicians and high-ranking Government Officials.
The Government has strived to Simplifying Administrative Procedures and to reduce physical encounters with public Officials That Could open the way for Facilitation payments ” . The National Portal of India is a good example of simplification These Efforts.
In September 2010, in a move to Strengthen the country’s anti-corruption Regulatory Framework, the Draft National Anti-Corruption Strategy Unveiled WAS by the Central Vigilance Commission (CVC).
The Indian Government is (Once Again) working on the establishment of a Lokpal (an Ombudsman), after the Lokpal Bill Had Been Introduced to the Parliament eight times in the past decades have passed.
Risks of Corruption:
Public servants very wide discretionary Have Powers Offering the Opportunity to extort undue payments “from companies and ordinary Citizens.
The teddies Numerous charged with Combating Corruption Have Conflicting mandates and Suffer from a Lack of qualified staff and Funding.
The Awarding of Contracts is notoriously corrupted public, Especially at the state level. Scandals INVOLVING high-level Politicians Have Highlighted the payment of kickbacks in the healthcare, military and IT Sectors.
INDIA CORRUPTION NEWS
The Times of India:
‘ Transparency International graft to hold conclave ‘, 18 Apr. 2011
The Hindu:
‘ Govt Seeks views of public on Proposed anti-graft law ‘, 12 Apr. 2011
BBC:
‘ Is India Serious About Fighting Corruption? ‘, 11 Apr. 2011
The Telegraph:
‘ India anti-corruption hunger strike in Thousands rally draws ‘, April 8, 2011
Qn:
‘ Have you Paid a bribe? “, April 5, 2011
BBC:
‘ Indian activist Anna Hazare anti-graft Begins fast ‘, April 5, 2011
The Washington Post:
‘ India’s Costly Culture of Corruption ‘, April 3, 2011