Corruption is defined as the malpractice conducted by an authority or a formidable party that are illegitimate, immoral, and unethical in seek of personal enrichment. This often results from patronage and is associated with bribery. This is the serious issue which is pervasive all over the countries in the world that adversely affects their own economy. Corruption is inversely related to economic growth, entrepreneurship and innovations in the society. The competitive environment and permissive culture are adding up for the future bribery scandals.
Causes of Corruption are:
Corruption may be basically divided into two categories:
Corporate corruption: It is described as offences and illegal activities committed by a corporation or by an individual recognised under a firm, for fulfilling their corporate activities in time, for their fame and respect and in gaining profit. The types of corporate corruption are:
Corporate corruption will be huge in amounts and may operate nationally and internationally. Mainly in trading sector also corruption is high.
Civil Corruption: Briefly civil society involves networks, associations, groups, movements that are independent from the government and voluntary organizations formed by people. Traditionally it includes certain businesses such as media, private schools etc. Basically civil groups are not profit making, non-violence organizations and non government organizations (NGOs).
Corruption in civil society begins from a single citizen to all groups of individuals. Example: (i) A student is bribing organization or in seek of selected job. (ii) A traffic police accepts money illegally during an accident and culprits will be released.
Some of the major scandals in India are:
Impact of Corporate and civil corruptions on the society are loss of trust, loss of motivation, unofficial taxation, undesirable partners in the corporation, loss of credibility, economic loss, loss of fame and respect, total erosion of public confidence in bureaucratic objectives.
The investigating agencies which are trying to mitigate corruption are also backed off by non-cooperation at levels and legal constraints. So the remedies to be followed are:
Finally I conclude that both are the biggest evils, with the proportion of amount of money the corporate corruption takes the place and with proportion of population the civil corruption occupies the place.
- Raj Bharath