Which act is followed for Anti corruption in India?

Which act is followed for Anti corruption in India?

the Prevention of Corruption Act, 1988
Recently, the Prevention of Corruption Act, 1988 (Prevention of Corruption Act) has been amended and now prescribes for corporate entities to have compliance procedures in place, in order to prevent its employees from engaging in any act which may be categorised as corruption or bribery under the said Act.

What is the cause of corruption in India?

The causes of corruption in India include excessive regulations, complicated tax and licensing systems, numerous government departments with opaque bureaucracy and discretionary powers, monopoly of government controlled institutions on certain goods and services delivery, and the lack of transparent laws and processes.

How is corruption affecting India?

Corruption also results in lower economic growth for a given level of income. With the reduction in Corruption level in India the growth rate of GDP might increase by 5 to 7%. As per an estimate the rampant corruption in India causes loss of growth in terms of investment and employment by Rs. 25000 crores.

Can government refuse for any investigation against the public servant?

There is no question of any discrimination between one person and another in the matter of taking proceedings against a public servant for an act done or purporting to be done by the public servant in the discharge of his official duties. No one can take such proceedings without such sanction…”

Is giving bribe a crime in India?

The Companies Act defines the term ‘fraud’ quite broadly, and this could encompass acts of private or commercial bribery. Fraud is a criminal offence under the Companies Act and is punishable with imprisonment ranging from six months to 10 years and/or a fine.

How can we reduce corruption in our country?

expose corrupt activities and risks that may otherwise remain hidden. keep the public sector honest, transparent and accountable. helps stop dishonest practices. ensure that public sector employees act in the public interest.