Page 37 - BANKING FINANCE February 2024

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More independence, resources, and authority to
Central Vigilance Commission
Autonomy to Central Bureau of Investigation

Minimise the discretionary powers of officials:
Standard Operating Procedures (SOPs)

Leveraging technology and e-governance

Police Reforms:
Police Accountability

Community Policing

Promoting Ethical Governance:
Culture of integrity: It should include promoting values
such as honesty, accountability, and transparency. Code of Ethics
Citizen Charters
Robust mechanisms of public oversight and
participation: It includes the establishment of whistle
blower protection laws and the promotion of public Public Awareness Campaigns
access to information.
Effective system of monitoring and enforcement: It Strengthening Parliamentary Oversight
should include regular audits and inspections to ensure
everyone follows the proper procedure.
Conclusion:
Responsible press
The corruption is a symptom of deep-seated and
People Involvement fundamental economic, political and institutional
Effective and Credible Leadership weaknesses and shortcomings in a country. To be effective,
measures against corruption must therefore address these
Recommendation of Nolan Committee: underlying causes and not the symptoms. Emphasis must

Nolan Committee outlined Seven Ethical and Moral values thus be placed on preventing corruption by tackling the root
to weed out corruption: causes that give rise to it through undertaking economic,
Selflessness political and institutional reforms.
Integrity
Anti-corruption enforcement measures such as oversight
Objectivity
bodies, a strengthened police force and more efficient law
Accountability
will not be effective in the absence of a serious effort to
Openness address the fundamental causes. Corruption will not
Honesty disappear because of reforms. But reforms will bring it under
Leadership control and minimize its adverse consequences.

Recommendation of Second Administra- Corruption is a major obstacle in the process of economic
development and in modernizing a country or society as a
tive Reforms Commission:
whole.
Strengthening Anti-Corruption Measures:
Whistle blower Protection Act, 2014 Hence "Destroy corruption before it destroy us."

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