Question

9:40:initially = IR , LUMPUR
23. In the light of the present situation do you think Corrupti
present situation do you think 'Corruption in Public Life' in India is one of
the greatest threats to Indian democracy.
CORRUPTION IN PUBLIC LIFE IN INDIA
In its simplest sense, corruption may be defined as an act of bribery or misuse of public position
or power for the fulfilment of selfish motives or to gain personal gratification. The World Bank
defines corruption as the use of public office for private profit." Legally corruption is defined as
"use of public power for private advantage in ways which transgress some formal rule or law."
Corruption includes bribery, extortion, embezzlement, favouritism.
Corruption is a global phenomenon. Corruption as a disease, is both endemic and epidemic It
makes mockery of administration, development and democracy. Corruption in public life has
reached an alarming stage and has emerged globally a sensitive issue. The level of corruption
has also increased substantially in India. The Transparency International which exposes
corruption among public offices and official world-wide, has ranked India 69 in the list of 90
countries in 2001.
Among Asian countries, Singapore was the least corrupt followed by Hong Kong and Japan.
The world's least corrupt first five countries are Finland, Denmark, New Zealand, Sweden and
Canada Corruption has various manifestations which we encounter in our daily life.
ntion is not limited to high level, like politicians, bureaucrats, business and industrial
houses but has extended to every strata of society. Defence Ministry and Ministry of
Communication are regarded as 'gold mines for making money'. Corruption is also at a high rate
in departments like Public Works, Police, Excise and Revenue.
Corruption is not only the mother of black money, but often supports criminalisation. Out of the
fear of law the black money which is dumped, does not come into use for the development of the
nation. Corruption deters investments, prevents economic growth, distorts prices and​

Answer 1

Answer:

i don't understand what you saying dear

Answer 2

Explanation:

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. They offer savings accounts, certificates of deposit, and checking accounts. Banks use these deposits to make loans. ... Banking is one of the key drivers of the U.S. economy.