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Showing posts from January, 2011

Corruption in 21st Century India

If 2008 was the year of the recession then the year 2010 is now being hailed as the “year of scams” in India. Although the start of most of the scams this year can be traced back to two or three years ago most of them have come into light in 2010. It all started with the Indian Premier League and has now ended in the mother of all scams the “2G Spectrum” which incurred a loss of Rs 1,76,000 crores to the Indian exchequer . Wedged in between these were the stories behind the Adarsh housing scheme and the Common Wealth Games. The only difference between the corruption in the 20th century India and in the 21st century India is that earlier the amount used to be of the order of only a few crores, now it runs into a few hundreds or even thousands of crores. The 20th century did not see so many news channels or the rise of the power of the media as in the 21st, yet our politicians continue to loot the Indian treasure in broad daylight. Frankly speaking this makes politics a lucrative car