In this Burgeoning world, Corruption hollow out our country’s roots, a bribe is a weapon in the hands of many individuals who use this very cleverly and smartly and it is prevailing in every sector as allegation has been made on various people in the different departments whether it is the police department, Banking, politics, recruitment of candidates and many more. Obviously, it’s natural of the citizen of the nation wants to uproot corruption, by all means, moreover, corruption and black money are the crucial challenges for global economies comprising India and the folk of India always wants to have a corruption free India, so, that every single person can contribute to the growth and development and also have a soothe and solace.
In point of fact, our honorable Prime Minister Mr. Narandra Modi has taken an astute of demonetization of Rs 500 and Rs 1000 banknotes on 8 November 2016 that has absolutely changed the day-to-day operating system and the transactional system of the public, actually, the motive behind this strong action and decision of the Mr. Modi is to eliminate tax dodgers and black money. Without any doubt, general public is facing complexities and difficulties, initially, for the exchange and then for the withdrawal of the banknotes as they had to stand for hours in the long queues as Rs 500 and Rs 1000 currency notes are no more acceptable by the shopkeeper, for bus or railway tickets, if person wants to board auto etc. everywhere the receive denial for the acceptance of the bank notes.
According to the survey, it is evident that approximately 70 % of India Inc employees opine that demonetization can benefit to control flow of cash in the economy and also to control corruption in the long term as sincere and strong efforts are being made by the government to restrict the illicit wealth and one can easily witness the indication that majority of the public is supporting this action. In addition to this, it has been observed that prior to International Anti-Corruption Day the study and findings depend on the survey of 650 persons working for corporate houses in India.
As a matter of fact, it is anticipated that demonetization will boost India’s anti-money efforts and curb the threat of unaccounted illicit wealth, that has been hoarded in the form of in liquid form, however, through close monitoring banks can recognize and report the suspicious transaction patterns with the help of demonetization act. Furthermore, to have Anti-Bribery and Anti-Corruption (ABAC) framework welcomed by corporate houses as it will improve the confidence of investors and enables more ethical means of organizing business undertaking in India, as per the respondents in a survey.
the Malaysian Anti-Corruption Commission (MACC), is inviting the public to perform the proactive role and work keenly to curb corruption and at the same time its drawing coordination and support for this cause. MACC deputy chief commissioner (prevention) Datuk Shamshun Bahrain Mohd Jamil said the anti-graft framework would continue to carry out its responsibilities and duties in the same way the three basic pillars : free, transparent and professional. International Anti-Corruption Day on Friday, Dec 9 inLumpur , The Malaysian Anti-Corruption Commission (MACC) has set a novel aim of attaining a corruption-free environment in country’s detracting sectors by 2020.