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e-Banking: The Answer (?)

October 1, 2008

After our 53-strong olympic contingent came back with just 3 medals from Beijing, failing to beat athletes from countries smaller than some of our states, everybody (read-the media) thought India had suffered the ultimate humiliation and that it couldn’t get any worse. They couldn’t have been further from the truth.

India’s worst humiliation so far, came in the form of Transparency International’s corruption perception Index. We fell from 72 in last year’s rankings to 85. Our score on 10 was a measly 3.4 compared to 3.5 last year, thanks to our dear MPs nobel display of wealth in parliament. We are fast approaching the status of ‘rampant corruption’ for which the score is 3/10. Perhaps we should find comfort in the fact that we aren’t already there?

This has been discussed, written and spoken about in every news channel in the country. It has been condemned in the strongest of terms by eminent Indians from various walks of life and (ironically and hypocritically) by the government.

All very good, but what’s the solution? How do we stop it? More importantly, how is ‘discussing’ or ‘condemning’ it going to prevent it from getting worse?

After some thinking, I decided that bribery is the major problem in our country. The entire nation is up for sale-if you’re willing to pay the bribe. Whether it’s to file a police complaint, get a passport, pay your tax or any fee to the govrnment, a bribe is necessary.

E-Banking is probably the most effective solution. Making payments electronically, prevents any direct interaction with government officials. This makes it much harder for them to take bribes.

This isn’t a completely foolproof solution, but it will significantly reduce bribery. The only catch is that people need to be aware of e-banking alternatives offered by the government.

E-Banking supplemented with good primary education, is probably India’s best bet to a future of power and prosperity.

With even a small decraese in corruption in the country, we, as a nation can show the world who we really are.

 

kaddu.

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8 Comments leave one →
  1. October 1, 2008 8:38 pm

    interesting thought…as you said awareness is the key..

  2. October 2, 2008 11:54 am

    the problem is people who are giving and getting bribe just forgot that its a crime. Its like another document to get certificates or whatever.

    Now this e-banking solution is interesting and this may reduce corruption… thinking so….

  3. October 2, 2008 4:23 pm

    Very nice post…
    I’m making my dad read this (he’s sort-of a banker).

  4. kaddhu permalink
    October 2, 2008 8:42 pm

    @vishesh
    yes, awareness would also help people make better decisions when they are voting…so more than e-banking, education will help us break away from the vicious cycle that we r now caught in….besides, e-banking is more of a short term measure…it wont be long b4 someone finds a way around it and commits bigger crimes….

    @kanagu
    ya, you’re right…that bribing is a crime has been completely forgotten and its now a way of life….thats really tragic….

    @priya
    OMG!!! 😮
    plz tell me wat he said!!!

  5. October 3, 2008 1:22 am

    Bribes are not always one way. There are certain government officials who cause delays in processing hoping to get bribes. But the second category is more vicious – The people. Suppose a common man is caught without an insurance by a traffic police, how many of them would insist on a receipt for the money paid officially as fines? Would they rather not settle for a lower amount as a bribe? Don’t many people pay donations to get college seats? So, we need to change from inside first, before attempting to change others.

    Destination Infinity

  6. October 3, 2008 9:20 am

    I agree with destination infinity. They take ‘bribe’ so indirectly in the name of donation and fines. I mean, they double the amount when the actual amount is less.

    My dad said that e-banking is already in action in many banks. People are paying all their bills and stuff through e-banking. But more people should be made aware of this facility.

  7. October 3, 2008 10:32 am

    @Destination Infinity
    yes, we do have to change from within first. I just thought e-banking gives lesser opportunity for corruption….if it caught up to the extent of all major fees, bills, etc. being paid electronically, bribes would probably reduce. Even colleges taking bribes will have to put their fee up on the net….in the short term, they may not be too open about their ‘donations’…the long term solution is that we have to change from within…if nothing else, e-banking will considerably reduce bribes in certain government offices…but then, it’s not completely foolproof…

    @priya
    i dint kno of it!! yeah, awareness is needed…but once it catches up, it will definitely lower unfair payments….i only kno that u can buy tickets 2 pvr over the net…or the kiosk 😛 and that some atms offer bill payment facilities…

  8. October 3, 2008 1:20 pm

    Reading the title, I was unaware of whats to come….Its a nice innovative idea!! And even I feel the main reason is bribery and could be decreased if not eliminated by ebanking!!
    But we are talking of cities/towns where people know and use ebanking!! people in villages either are unaware or skeptical of using such services even though they know!!
    I got another thought reading this…
    In AP Chandra babu Naidu introduced something called e-seva (i dunno if its there all over India)…which I think is safe, publicized enough and allows us to do the same as e-banking but just for paying bills!! So, why not make government roll out some plan that can reach the masses!!

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