Friday, January 14, 2011

Corruption free India- Prosperity at the bottom of pyramid.

Year 2010 was marred by numerous scams in government as well as private sector. It is widely believed  2G spectrum is mother of all scam though there is  counter view that it is just a sensational story . CWG and Adarsh society scam coupled with 2 G has shaken the faith of common man in Government. Added  to this is dubious ways in which Citibank and End Mark Forex officials have duped the people. Very foundation of our democratic set up seems to be in danger if urgent steps are not taken.
Indian democracy was founded on the principle of welfare state.  Far from serving the large majority at the bottom of pyramid, it appears that crooks are bent upon stashing cash through illegitimate means. 
One most important reason for corruption is lack of transparency and accountability. It's not only limited to government but also rampant in public and private spheres also. BCCI, scandal in citibak, numerous scandals in banking and shares market are such example. Transparency is key  to tackle corruption and Government can ensure this by adopting tow pronged strategy.
1. Allow RTI in all spheres of public life. For this RTI act should be amended to enlarge its scope to cover every institution in the country except some those whose dealing with national security.

2. Allow independent financial and technical audit by an organization outside government ,,of all institutions where government / people's money is involved. Main focus of such audit should be to bring transparency in the working of organizations. Organizations may not agree with the findings of such audit but sheer fact that the way they have worked is in public domain , will restrain them from loots and plunders to some extent. If crime is grievous, then government can step in and start investigations. Crooks will say that to some extent CAs are doing such job, but we all know what they are doing otherwise Satyam ..would not have happened.

I strongly feel that Government should empower RTI and technical / financial audit watchdog,which are outside government, to bring more transparency in public affairs instead of creating another agency under government control.

1 comment:

  1. Is common man being duped by politico- businessmen nexus ? In the name of benefiting consumers scarce natural resources are being subsidized to rich business houses. Intellectuals are trying to justify it through various permutations and combination of logic. Gullible poverty stricken people seem to be helpless. Is this the kind of democracy that Gandhi ,Nehru and freedom fighters conceived at the time of independence ?

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