Note taking Content Analysis

My research study is completely based on supplementary resources because I fill used various(a) books and case laws to support the design and they atomic number 18 a rich source of citation in well-grounded projects. 1) Library query a) Analysis of Historical records b) Analysis of documents c) Reference and crochet Guides d) Note taking Content Analysis 2) Researching through the Internet E-article B) relevance Of The Topic / Scope And Purpose The project aims to give a plan overview of the degeneration and grafting practices nethertaken by the public servants and the Indian laws dealing with the problem. The master(prenominal) law, I. . The Prevention of putrefaction Act 1988, is discussed in brief and the provisions pertaining to raptus of ill-gotten wealth and as site rein put upment seduce also been discussed. The problems and ch allenges faced by the clownish in fighting these challenges have also been highlighted. C) Research Questions 0 What is meant by the te rm economic offences? 0 What are the various types of economic offences? 0 What is the need of having economical offenses extension ph star in India? 0 Sectors al some vulnerable to corruption and graft practices 0 What exactly transmits to corruption and bribery practices, undertaken by commonwealth? What are the various causes of corruption? D) Limitation of the Research The research study carries with itself a few limitations, like, as its restricted to the supplemental research so, the quality of research is affected as the origins of the in manikination maybe questionable. Secondary research never meets the specific needs of researcher because all those information, data, statistics have already been generated. Hence, I would suggest further researchers to critically survey and validate the reliability and credibility of the information gathered. CHAPTER II INTRODUCTIONThe high dominance of the domestic market which is driven by Indians emerging middle class, price competitiveness and its large talent pool continue to make our country one of the most preferred destination for investors and businessmen. Despite the such as the United States, India remained stable. In fact, it registered growth in the foreign direct investment funds (FED)I . It garnered more than 110 % in the scene of actions of telecommunication and chemicals, with a percentage of 103 and 227 respectively. L Now the question that arises is that, in spite of India beingness economically give out why re we still in a state of penury?Why majority of our population still dowels in slum area? Why to each one day lots of children die out of thirst/ starvation? The most probable answer to these questions are the rooted instances of corruption and bribery in our dust. The schemes/policies which are announced by the government each year in align to benefit the unprivileged are not being availed by them since there are certain(prenominal) loopholes in the system and the people who are not entitled to them take undue advantage and have a go at it them. Corruption real or perceived is having a detrimental put on our preservation.On one and it is forcing investors to rethink about their investment in India and on the separate hand, it is distorting the function of free and fair market and creating a state of unfair competition. ORIGIN/ HISTORICAL PERSPECTIVE The instances of corruption and bribery form a part of our system from a long time. Take for an instances that an premature stage of world war II, the Government of India realized that the vast sum up in expenditure for war efforts had provided opportunities to both government officials and non-officials, for 1 www. Antistatic. Com tomfoolery in bribery and corruption at the cost of public and the government. It was mat that the police and opposite law enforcement agencies under the state government were not in a situation to cope up with the situation. An executive order was therefore passed by the Government of India in 1941, setting up the excess police establishment under a DIG in so department of war with mandate to investigate cases of bribery and corruption in transaction with which war and supply department of the Government of India was concerned.Corruption has been blamed for the failures of certain developing countries to develop, and recent empirical research confirms a link among higher perceived corruption and lower investment and growth. What is Corruption? Corruption is a result of weak state management and exists when individuals or organizations have monopoly power over a good or service, discretion over making decisions, limited or no accountability, and low level of income.The ofttimes cited World stick definition of corruption is the abuse of public potency for private gain (World Bank 1997). Corruption not unaccompanied affects great macroeconomic variables, such as growth, and investment, except also income distribution. It has been further e xplained by United Nation Development Program (1997) that corruption increases poverty by creating incentives for higher investment in capital-intensive projects and lower investment in elaboratenesss projects. indeed corruption causes poverty and income inequality.WHAT IS BRIBERY? graft is an act of giving capital or gift that alters the behavior of the recipient, where the gift is of a dishonest nature. Bribery constitutes a crime and is defined by Black law dictionary, as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in charge of a public or legal duty. Offering a discount or a profuse or partial refund to all purchasers of the same kind, quality and standard of product or service, is a legal rebate, and is not bribery.For example, it is legal for a 7 employee of a Public Utilities Commission involved in galvanizing rate regulation to accept a rebate on electric automobile service that reduces t heir cost for electricity, when the rebate is available to other residential electric customers. If the rebate was done to influence them to look favorably on the electric utilitys rate increase applications, however, that would be bribery, and unlawful. Now both corruption and bribery form a part of economic offences. Since they have decision of potentiality investors but they hamper the growth of free and fair market practices.Special Acts notified under section 3 of DOSE Act mainly pertaining to serious frauds in Banks, Stock permutations, Financial institutions, Joint Stock Companies, Public Limited Companies, defalcation of public funds, criminal breach of trust, violation of Foreign Exchange principle Act, Customs Act, IMMIX Laws, counterfeiting of specie, narcotics, drug trafficking, arms peddling and offences related to antiquities, adulteration, scorch marketing etc. Www. Sibylline. Com 8 However after the Securities and Stock Exchange scam of 1992, a need was felt fo r strengthening and expanding the Economic Offences Wing of CB.The reorganization of the OWE was sanctioned by the Government of India vide DIP&T Letter No. 201123/92-AVID-II, dated July 22, 1994 and September 22, 1994 and a full-fledged Economic Offences Division came into existence , vide Order No. 4. 6/86-OLD, dated November 26, 1994. operative OF THE ECONOMIC OFFENCE WING4 The Economic Offences Division is headed by a Special Director/Additional Director and it consists of four Zones. distributively Zone is headed by a Joint Director. Every Zone has both or terce kingdoms each headed by a DIG. Each Region comprises of two or three Branches headed by Superintendents of Police.Out of the four Zones of Economic Offence Division, one of the Zones deals exclusively with large and complicated security and patois frauds. This zone is also known as Banking Securities Fraud Cell (BASS). The other three Zones take up the investigation (of various types of Economic Offences, in gene ral. The tourist court trials of the cases charge sheeted by the various OWE Branches are also conducted by the respective Branches. The economic offences taken up for investigation by Branches are commonly cases of complicated and intricate nature in which PC offences, as also offences under arioso Central Acts are alleged to have been committed.The investigations usually involve collection and scrutiny of voluminous documents from banks as also from various Central/State Government departments. Many a time, investigation is www. CB. Nice. In/about/about. PH 9 Various type of economic offences Bank fraud Insider trading Money laundering Walla Betting and match bushel BANK FRAUD bank fraud is the use of illegal office to secure money, assets or other property owned or held by a financial institute or to find oneself money from depositors by redundantly posing as a bank or some other financial institute.People who are willing to deceive other people and obtain their money or ass ets through illegal means may set up companies or create websites with names that might sound akin(predicate) to the existing banks, or even assume titles conferring notability to themselves for plausibility, then hightail it with the deposited funds. INSIDER TRADING insider trading is a trading of a companys shares or other securities by directors, employees, executives or other authorities of a company that have to access the material, non-public information of the company.Whereby Material information means any information that screw cause a change in the stock prices. Not only does illegal insider trading give an unfair advantage to those who resort to it, but also leads to a loss for the masses, and enormous gains for a few. This makes investors refrain from investing in the capital market as they lose their faith in the system. Also since the investors are the lifeline of these companies, since they provide capital to facilitate liquidity, the economy is affected as a whol e.Insider trading exists in India due to dual reasons such as shortage of investigative powers and tools of SIB, as they cannot use telegraph tapes, and merely search phone records. Also, eighteen the overburdened Indian courts lead to delays in cases or the punishment is too light even if one is found guilty. 10 obtained money, typically by the means of transfers involving foreign bank or legitimate businesses. It is the process by which large amount of lawlessly obtained money is given the appearance of having originated from a legitimate source. WALLA one of the most practiced illegal activity is Walla.It is a transfer of money without tangible movement of money. Walla is an Arabic word which means Transfer. This process is most grown in South Asia. It completely takes place on honor system and no promissory instrument is involved. Usually the Walla Walla charge a counseling of 0. 5 % 1% for domestic transfer but when the transfer is international along with the commission they also earn profit by bypassing the currency exchange rates. 5 SPOT FIXING It refers to an illegal activity in a sport where a specific part of a back is fixed.