tenfold in the last two years we have seen or bigger scams in India to outdo each other. 2G recent scam is linked to 176,000 million rupees. That's 1,760,000,000,000 worth nearly Rs 3% of our GDP. Satyam scam was about 14,000 million rupees, while scam Common Wealth Games is 70,000 crore. I was talking to some young people the other day and told them that in the 1990 PV Narasimha Rao was involved in a scam of 2 million rupees. They could not believe that a small amount of 2 million rupees could actually result in a scam. Even the much talked about Bofors scam, because Rajiv Gandhi lost power in 1980, only 64 million rupees. So what happened to us as a nation in the last twenty years? How do we get only Rs 2 million to 176,000 million rupees?
I think we're seeing a whole new set of rules that are being played on the corrupted India (By the way, India proudly ranks 87 in world corruption index). And unlike what many think, I think the younger generation is not the old generation, which is to establish the new rules. Is corruption in New Era, which is very different from the old school. The appetite of the old school was small, and therefore was pleased with the money of small and stored as cash stuffed in pillows or gold deposited in some foreign accounts. The new era is rapacious, who wants to become the world's richest, seize all the country's vital natural resources and the money trail through legal methods, such as IPOs, mergers and acquisitions, to convert his black money into white money.
Discuss this corruption of the New Era through the following three trends.
1. India is creating more wealth
India is creating more wealth than ever before. Is the creation of wealth beyond the means and mechanisms of how our managers and politicians are used to fund management. India is making money on an unprecedented level due to the reforms that have set in early 1990 by Manmohan Singh in the PV Narasimha Rao. That has led to employers, businesses, industries, financial institutions, the creation of mega wealth for this nation. The treasure chests are filled with a lot of money, but our leaders and bureaucrats are unable to use those funds to better use. They lack the vision and it is showing clearly.
Some of the ministers, babus, administrators are not accustomed to handling this kind of money. Most states return the funds received to the schemes of different unused. Most social plans to return the unused money from the center. At this time, India allocate as much money to various projects that most leaders who are given the mandate to pass this is not in a position to spend wisely.
Old habits die hard. Politicians and bureaucrats continue to steal money. At first he stole less, but every year, bureaucrats are setting new and higher goals for their politicians, ready to prepare the necessary documentation, which increases the amount of money allocated to an exponential rate. The network is expanding. More number of people receiving the portion of cake. If the former minister was 5,000 million rupees, which would like to have 15,000 million rupees for the new minister.
Old school reacts one way, the old way, filling their pockets, the pockets of his family, his friends' pockets. But they do so random that no matter what they do, over time shows. You just can not fill their pockets with money again which is very broad. It's too much money to get into the pockets. Shibu Soren of Jharkhand, Bihar Lalu Yadav and others are examples.
In this vacuum of visionaries and leaders, we new set of leaders, more intelligent. Smart because they know how to steal the money without having to fill their pockets.
2. Scammers are getting smarter
New age corruption plays by different rules now. New Age corrupt not only in cash in suitcases, to take a stake in his company, a percentage in the new company, put their investments in a fictitious company, and so on. Use the new liberalization policies to make corruption a mega level, a level that no politician of the old school could have imagined.
For example, besides the liberalization of the economy of India has liberalized laws allowing people to get the raw ore from India. That alone has created a set of new industries in which the children of the entrepreneurship policy, obtain the necessary permits to mine and sell the ore to foreign companies. The Chinese take satellite images and say "children," our politicians Hey, we want this hill and this hill, do not do any pre-processing, does not believe any industry, just sent the hill, as it is " . Our new employer Age even has the same dynamite explosions Chinese hills to loosen the soil, and then hired local people to come and take land by trucks. These trucks and then go to the nearest port where a Chinese ship is waiting to devour the hill. These ships to take ore to China, creating a mega industry, provide employment for its people, believed that the metal, and then export the metal to other countries, including India.
India is witnessing a curious phenomenon. It would have been funny if it was happening in a show of magic. There is a hill today, the hill is tomorrow. Hills are just being gobbled up and sent to foreign countries. And there is no sustainable industry is being created in India because of this. When Nehru and Tata steel plants installed, created towns like Jamshedpur and Bhilai. Today, natural resources do not create the industry or municipalities. Only fattens politicians as they are able to buy whole electorate and the whole of the MLAs. India's politicians and their children must have looted this country of its natural mineral in the last ten years as British sacked in 200 years. We are setting a record completely different here.
Politicians in the New Era that their children before allowing them to enter industrial policy. As industrialists, these children use their father's connections to usurp the resources, take the land, improve systems, and then go to convert black money black money through bogus purchases, depreciation, etc. At the moment the child is ready for politics, he knows how to use government funds and plans to mega wealth for himself. Real estate, construction, energy, mining, are some of the areas where new corrupt age have mastered.
3. Being corrupt has become a virtue
The old school looked at the money out of guilt. The older generation was guilty when they made too much money. This is where the new era differs radically from the old school. The old corrupt new use as a badge to display as an Olympic medal. They are apprehensive about it. In fact, participate in the display of their ill-gotten wealth, that waste, the purchase of new toys, palaces, spending money on birthday bashes.
The competition is not between the corrupt and the most honest, the competition is between the corrupt themselves, to surpass others, to deceive others, stand on each other, coming up with various tricks and methods to circumvent the system. The winner is the one most able contender intelligently each other who wanted to take this money.
Young age is again quite well with making money through programs such as Harshad Mehta or Telgi. They think that there is nothing wrong with making money that way. I like how Akshay Kumar says Hera Pheri 'main banaunga yu paise, shortcut tarikey yes, youth is ready to use shortcuts to make money.
In a country, which confuses the habits of values, corruption is not a bad thing, provided they continue to visit Tirupati every year, put your feet in the Sai Baba, and avoid meat and alcohol in public. It is considered virtuous based on your eating habits.
The combination of these three trends, India is making money on an unprecedented level, the politicians of the new era and their children are smarter and have found ways to usurp the wealth with mega appetite, that the new generation is completely fine to cheat to win money, are some of the reasons why we see the great current scams. What we have seen is just the tip of the iceberg. We're just seeing scams where scammers were only ineffective and dumb. There are so many scams that are not exposed because the scammers are not very smart. There is a good likelihood that fraud will not be exposed.
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