Saturday, August 1, 2020

Dealing with systemic corruption

For years now the country has been struggling to reduce if not eradicate corruption.  Laws like the Prevention of Corruption Act 2002 have been passed.   And yet numerous debates and talk shows later, we still come across alleged corrupt practices some involving hundreds of millions of rupees.  These alleged practices, while potentially enriching a few individuals, also result in a drain of public funds.  Goods and services – often of poorer quality – are purchased using tax-payers money at higher prices than those charged by competing suppliers.  The beneficiaries are often those in power and/or their cronies.