Corruption discourages the foreign and domestic investments. Corruption also taxes the entrepreneurship. Corruption lowers the quality of infrastructure that has been provided to the public.Corruption decreases the revenue that is earned through tax. Corruption diverts the talented personalities into the rent seeking personalities. The most important factor of corruption is that, it degrades the governance of the particular body or society etc. As we all know the important economic concept "People those who are rich are getting richer and the people who are poor are getting poorer". This is basically due to the concept called as corruption.
There may be many great and wonderful schemes that are being introduced to the poor people by the government. But, are these schemes reaching the right person at the right time?. The reply we might get is a big no. But, the amount allocated for beneficial schemes are not fully utilized for the welfare of people. A lot of money has been retained as black money which leads to corruption. In the sole aim of making money, the contracts that have been signed for the welfare of people might be allocated to rich companies or known companies and get bribes from them, which might end up in providing low quality service to the poor people.
Each and every individual involved in a society must be benefited by the schemes that have been allocated by the companies, if these schemes are beneficial for only a certain group of people that is entirely different scenario. For instance, the Bridge built with help of the money as welfare scheme must be strong enough to fulfill the needs of all the generation, it should not fall in that generation itself. If the beneficial schemes are reaching the common people in a proper manner, the word poverty will be eradicated some day. But, since it is not happening, the major reason for the continuation of poverty is politics and corruption is a part of such dirty politics.
There may be many great and wonderful schemes that are being introduced to the poor people by the government. But, are these schemes reaching the right person at the right time?. The reply we might get is a big no. But, the amount allocated for beneficial schemes are not fully utilized for the welfare of people. A lot of money has been retained as black money which leads to corruption. In the sole aim of making money, the contracts that have been signed for the welfare of people might be allocated to rich companies or known companies and get bribes from them, which might end up in providing low quality service to the poor people.
Each and every individual involved in a society must be benefited by the schemes that have been allocated by the companies, if these schemes are beneficial for only a certain group of people that is entirely different scenario. For instance, the Bridge built with help of the money as welfare scheme must be strong enough to fulfill the needs of all the generation, it should not fall in that generation itself. If the beneficial schemes are reaching the common people in a proper manner, the word poverty will be eradicated some day. But, since it is not happening, the major reason for the continuation of poverty is politics and corruption is a part of such dirty politics.
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