Changes in Anti- Corruption Law: A Boon or Bane

Abstract

Governance is one of the keys to achieve developmental goals in a society. Empirical research has shown that corruption impedes good governance hindering not only achievement of developmental goals but leads to violation of rights of the people. It erodes trust in the government and devalues human capital. It is for this reason that governance and anti-corruption measures are paramount in the development agenda of a country. Poor governance manifested by corruption is a major deterrent to the economic growth of a country. It always has disproportionate impact on the poor sections of the society. Tackling corruption has become complex but sustained efforts are necessary to contain the problem. It requires global cooperation among countries to curb it. One of the measures for curbing is to reform anticorruption laws and implement them vigorously. In India, the anti-corruption laws have been amended from time to time to plug the loopholes. Like previous ones, the Prevention of Corruption (Amendment) Act, 2018 will also show up many creases in its working which shall be required to be ironed out by the judiciary.