Corruption

The wind in the country is moving against corruption. We, the Indians are intrinsicly motivated by .Anna Hazare, who is following the Gandhian way to made India corruption free. His Anshan was to get freedom against corruption by making a strong Jan lokpal bill. Anna Hazare had emerged as the hero of the youth.The whole nation is supporting anna hazare to get pass the jan lokpal bill.But the corporate world is ubiquitous by its absence in phey don’t support  theybut not that th don’t want to openly support Anna Ji. The reason being that doing business in India successfully needs some form of corruption. Getting licenses and permit from authorities, registering ,land acquisition,getting Credit from bank, tenders,order etc, in every step of business the individual has to deal with the red tape and has to bribe them to get his work done or sometimes just to get work done quickly In a case a company Bedi Textiles, which wanted to be part of international company Tesco. It got order to supply bags from Tesco in U.K..The company finished its production according to schedule but the customs and port authorities delayed the the shipment and company failed to impress Tesco. The cost of starting business in India and managing it unnecessarily increases due to the bribes involved.Not all entrepreneur could afford to satisfy everyone in The red tape so fail to construct their business. The 2G spectrum scam and Common wealth games Scam showed balantly how opaquely contracts and tenders are awarded and public money is misappropriated.

The delays involved in procedures often nurtures corruption. Bribe is thus  “speed money” to get our work done in time. The Doing Business Report   2011 ranks India 134 among 183 countries surveyed. A low rank indeed.It takes average 165 days to start a business in India while in New Zealand, Norway and other countries just a single day. Dealing with construction permits takes another 177 days. Registering property takes 94 day. Even paying taxes which is Government’s benefit takes 164 days.At last closing business in India too is not a simple task it takes a hell lot of procedure and average 134 days.Corruption makes entrepreneurship in India a difficult and unnecessarily risky preposition.End of corruption will not only promote entrepreneurship but also provide level playing field for competition.The consumers thus will be at  t he receiving end of the benefits.                                                          
                                                               Article written by Anika puri(3rd sem)