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Sunday, August 21, 2011

WHOSE Rs. 910603234300000 – ?

Recently a picture of a poster listing all the scams in Free India since 1948 was floating in Facebook. Did a little bit of research – it is rather a highly flawed, politically motivated number with a sole motto – attract attention in some political rally. Rs. 910603234300000 In other words = 9.1 CRORE CRORE. 9 CRORE 10 LAKHS 60 THOUSAND 323 CRORE 43 LAKHS, without inflation adjustment. It is highly impossible to quantify the total lost money. Power and misuse of power leads to corruption. The form of corruption includes bribery, extortion, patronage, embezzlement etc. While quantifying, bribery does not come to light often and patronage may not be quantifiable. Choice of a low quality purchase, opportunity loss of a better deal and total time lost – it cannot be represented in numbers. I set out to find out the actual loss in some of the cases… CLICK LINK TO READ....
THANKS TO Vasanth

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