International Journal of Academic Research ISSN: 2348-7666; Vol.3, Issue-3(1), March, 2016 Impact Factor: 3.075; Email:
[email protected] Dr. A. Guravaiah, M.A.,M.A.,LL.M.,Ph.D., Senior Faculty in Law, Andhra Christian College of Law, Guntur, A.P The economy of India was under socialist-inspired policies for an entire Corruption was a social cancer generation from the 1950s until the late eating into our institutions of 1980s. The economy was characterized by governance. The educated youth had extensive regulation, protectionism, and major roll to play in sensitising the people public ownership, policies vulnerable to about the ill effects of corruption on the pervasive corruption and slow growth. In society and the indiduals. Corruption is 1960s, Chakravarthi Rajagopalachari one of the major burning problem for suggested License Raj was often at the developing countries like India. In 1970 core of corruption. in Hongkong had very much corruption, today Hongkong one of the most honest The Vohra Report, submitted by governance machinery. The government the former Indian Union Home of Hongkong appoints independent Secretary, N.N. Vohra, in October 1993, commission against corruption (ICAC). studied the problem of the There is no damnation authority on that criminalisation of politics and of the commission the anty corruption nexus among criminals, politicians and commission exercise the all the powers bureaucrats in India. The report without any problem. contained several observations made by official agencies on the criminal network In 17th century, during India's which was virtually running a parallel colonial era, corruption had become a government.