Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

India's big problem of corruption
Tue, 23 Nov Pre-Open

Corruption in India remains a menace. Frauds, scams, bribes and the like seem to have become a way of life for politicians as well as for businesses operating in India. Even the average Indian is forced to live with this fact with no hope of any improvement. But the kind of corruption that one sees in high offices of the government is truly mind boggling. The fodder scam in Bihar, the Bofors scandal, the Satyam fiasco are some of the facets of corruption that Indians have witnessed over time. In this year alone, in a spate of months, three instances of massive corruption have been unveiled. These would be the Commonwealth Games disaster, the Adarsh Housing scam and the latest is the 2G spectrum scam.

The Indian economy has grown at a scorching pace in the last 4 years. And is set to record strong growth rates in the future as well. There has also been a considerable rise in the incomes of the middle class and the number of people in this category itself has swelled. But for all the positives, one sees a lot of extremes in the country. So on one hand you have India having one of the highest number of billionaires and on the other hand a large section of the population continues to slump below the poverty line. Infrastructure has remained woefully inadequate and reforms have been slow.

To add salt to the wound, corruption to the extent seen only slows down the government machinery. Far from adding any value, it takes a lot away from the potential that India is capable of exploiting. With billions of rupees siphoned off, the government finds itself strapped for cash. So it is not able to invest in many social sectors such as education and health to the extent required. There are so many areas where India requires good investments. Ramping up infrastructure is one for starters. Lifting people above the poverty line is another. Creating employment opportunities for India’s rising population, water harvesting techniques and proper facilities for storage of food grains are some of the examples of areas needing investments that come to mind.

An interesting article in the Wall Street journal has put into perspective how the government could have utilized the funds from the 2G spectrum had no scandal taken place. Food for every destitute Indian for the next decade. Funding of the flagship employment program for India’s marginalized for the next five years. Primary schooling for every Indian girl for the next three years. The reduction in every Indian’s tax rate by 15% for the next year, or the reduction of India’s outstanding debt by 10%.

Tackling corruption in India is a tall order since the ministers elected for leading and serving the country better are also in the thick of wanting to amass fortunes. And while the obvious solution could be to introduce laws to curb this disease, whether the politicians in government would really want to implement these measures remains a big question mark.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "India's big problem of corruption". Click here!

  

Stock Market Updates

SADBHAV ENGINEERING Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.6% (Today's Market)

Oct 23, 2020 03:16 PM

SADBHAV ENGINEERING share price is trading up by 5% and its current market price is Rs 51. The BSE CAPITAL GOODS is up by 0.6%. The top gainers in the BSE CAPITAL GOODS Index is SADBHAV ENGINEERING (up 5.1%). The top losers are LAKSHMI MACHINE and BHARAT ELECTRONICS (down 0.8%).

OBEROI REALTY Share Price Down by 5%; BSE REALTY Index Down 0.9% (Today's Market)

Oct 23, 2020 03:16 PM

OBEROI REALTY share price is trading down by 5% and its current market price is Rs 482. The BSE REALTY is down by 0.9%. The top gainers in the BSE REALTY Index are MAHINDRA LIFESPACE (up 1.6%) and GODREJ PROPERTIES (up 0.7%). The top losers is OBEROI REALTY (down 5.3%).

GRINDWELL NORTON Share Price Up by 5%; BSE CAPITAL GOODS Index Up 0.8% (Today's Market)

Oct 23, 2020 03:06 PM

GRINDWELL NORTON share price is trading up by 5% and its current market price is Rs 570. The BSE CAPITAL GOODS is up by 0.8%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 5.2%). The top losers are BHARAT ELECTRONICS (down 0.3%) and THERMAX (down 0.4%).

APL APOLLO TUBES at All Time High; BSE CAPITAL GOODS Index Up 0.9% (Today's Market)

Oct 23, 2020 02:26 PM

APL APOLLO TUBES share price has hit an all time high at Rs 3,045 (up 2.5%). The BSE CAPITAL GOODS Index is up by 0.9%. Among the top gainers in the BSE CAPITAL GOODS Index today are APL APOLLO TUBES (up 2.5%) and HONEYWELL AUTOMATION (up 0.3%). The top losers include BHARAT ELECTRONICS (down 0.3%) and THERMAX (down 0.5%).

CENTRAL BANK Share Price Up by 7%; BSE BANKEX Index Down 0.1% (Today's Market)

Oct 23, 2020 02:24 PM

CENTRAL BANK share price is trading up by 7% and its current market price is Rs 11. The BSE BANKEX is down by 0.1%. The top gainers in the BSE BANKEX Index is CENTRAL BANK (up 6.8%). The top losers are SBI (down 0.2%) and FEDERAL BANK (down 0.4%).

Sensex Trades 120 Points Higher; Dow Futures Down by 47 Points (Today's Market)

Oct 23, 2020 12:30 pm

BSE Sensex is trading up by 120 points, while the NSE Nifty is trading up by 53 points.

View More Indian Share Market News

Most Popular

My View on ITC(Fast Profits Daily)

Oct 23, 2020

What do the charts say about ITC?

The 'Seedhi Baat, No Bakwaas' View on ITC(Profit Hunter)

Oct 12, 2020

Is ITC an investment or a speculation at current levels?

Why ITC and not HUL is my Idea of a Good Investment Right Now(Views On News)

Oct 15, 2020

Rahul Shah discusses HUL's lost decade and its implications for ITC.

Why India's Drone Revolution is a 4x Profit Opportunity(Profit Hunter)

Oct 16, 2020

My research on India's leading defence companies brought me to one major player in drone manufacturing.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Oct 23, 2020 (Close)

MARKET STATS