1 / 19

corruption

on corruption

matta
Télécharger la présentation

corruption

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. SMT. CHANDIBHAI HIMATMAL MANSUKHANI COLLEGE

  2. AGENDA: • Corruption (Introduction) • Causes Of Corruption • Overseas Black Money • Tax Heavens • Black Money Involved` • The Great Indian Silence • The Fact • Effects Of Corruption • India Must Act

  3. INTRODUCTION • Oldest and complicated phenomenon • A kind of bribery • Fraud • Nepotism (partiality) • Need driven • Greed driven • Cronyism

  4. Causes Of Corruption • Lack of transparency (inflow and outflow of money). • Silence. • Poverty. • Greed. • Illiteracy. • Unmet expectations. • Low public sector salaries. • Increasing rate of tax. • Increasing rate of inflation. • Increasing rate of competition.

  5. Overseas Black Money …the curse that stops India from developing

  6. What Are Tax Havens? • Small countries like Switzerland, Angola, Bermuda, etc that act as places of registration for overseas non-resident companies. • They have zero or very low incometax. • They ask no questions on the origins of the money coming into their banks. • They keep all banking records secret and cooperate very little with other countries.

  7. Money Involved • Total dirty money in tax-havens = $11.5 trillion (rs 7.5 crore-crore). • 50% of this money belongs to the developing countries like India. • Estimated Indian black money in foreign banks $500 billion (rs 25 lac-crores). • They have no contribution to the world, except as points on the world-map where ‘dirty’ money is kept safely. • Avg. Size of 34 such point-countries = 17 kms by 17 kms.

  8. The Great Indian Silence • Germany & France threaten Blacklisting of Switzerland. India keeps quiet. • Germany and France take the issue of secret banks and tax havens in the g20 preparatory meeting at Berlin in February 2009. India keeps quiet. • German govt. Offers to open Secret Names of the account holders in LGT bank of Liechtenstein. India keeps quiet.

  9. The Great Indian Silence • These two nations and supported by UK and the US raise the voice against secret banks and tax havens in London in April 2009, India keeps quiet. • Why India has not effectively worked to get the names of several Indians believed to be in the secret records?

  10. The Fact • Unholy relations between Politicians, Bureaucrats and Businessmen. • “At least $70-80 billion goes out every year. • India’s black economy is 5 percent of GDP growth. • India’s size of the economy would have been $9trillion. • India has been witnessing unprecedented growth in its black economy. • Now estimated to constitute an alarming 50% of country’s GDP growth.

  11. So what does that lost $9 trillion mean to India?

  12. Effects Of Corruption • No enhanced social infrastructure . • Improper health care services. • Poor educational facilities. • Less Employment opportunities. • 90 percent of the hungry mouths in the country. • Every family could have had a home. • Lose 5 percent of its GDP over the last 30 years. • Opportunity cost. • The world’s second-largest economy, just after the US.

  13. Continued… • Lack of Transparent and technologically efficient economic system. • We could have edged ahead of the us and china together in terms of production vis-a-vis consumption. • Generation is primarily • Consumption-driven, • Partly production-driven and • Wholly caught up in corruption. • More importantly, we would not have had to witness the Anna hazare movement to root out corruption if we didn’t have a black economy.

  14. India Must Act • Develop national will & agenda against black money in foreign banks. • Get immigration details of the 25,000 frequent travelers to tax havens. • Upgrade financial action task force (fatf) membership to full. • Make specific anti-tax haven laws. • Publicize entire economic history of overseas account holders. • Ensure India friendly global anti-secret banking rules. • Appoint a special emissary to Germany & Switzerland. • Develop a proper institutional infrastructure to fight the flight-of- capital.

  15. Conclusion: • Corruption is universal. • Both developed and developing, in the public and private sectors. • Corruption is a major constraint that is hindering their • Economic, • Political and • Social development, • Hence, view it as A problem requiring urgent attention at the highest level.

  16. Stop Corruption…..Save India

  17. REALLY HONEST PERSON WILL NOT CLOSE HIS EYES TO CORRUTION CLOSE HIS EARS TO COMPLAINTS KEEP QUITE ABOUT CORRUPTION

More Related