Putting scam money to good use

Fri02Sep11

As India immerses itself into removing corruption, it’s important to understand what the past scams cost us. But talking in mere amounts isn’t fruitful. After all, does 55,000 crore rupees sound bad? How much worse is it than a mere 50,000 crores? (Answer: 1,000 kilometers of highway worse, or the stretch from Bangalore to Mumbai)
The biggest scam that unfortunately doesn’t get classified as one is that food enough to feed 100 million people rots in government warehouses. For the rest, we have for you an infographic that puts the amounts in context, how much we could have done. For past scams we have adjusted the amount for inflation to reflect an equivalent in 2011 the Rs. 5,000 crore Harshad Mehta Scam for instance is worth Rs. 15,000 cr. today.
Here’s all that we could have done with the money lost to some of the biggest scams in India.

Originally at http://in.finance.yahoo.com/news/Putting-scam-money-good-use-yahoofinancein-3927131216.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: