Recent newspaper and media channel reports suggest that corporates are not interested in fighting corruption or showing solidarity. Even surprising the committee which was appointed to succeed RATAN TATA found no candidate to succeed him in Dec 2012. Does it mean end of the world Lolz or does it indicate that corporates and politicians sail and thrive in corruption. What is the norm one has to develop ?
1. Election funding vide cheque to parties is accepted by Income tax, so why pay currency or hard cash to individual candidates ?
2. CSR funding upto 2% of profit is accepted and beyond that is taxable. Legitimate.
3. Sampling, Dealer promotion, Advertising etc are legal. If Taj offers a buffet lunch coupon than it is perfectly ok or not
4. Lobbying is accepted according to law, now there are no rules and regulations framed, so it is still in unchartered waters. Should it be treated under sales promotion budget is the key issue and what percentage upto 10% of the profits, don t you think that is legitimate way to go. The lobbyist takes full responsibility of how to use the funds to get the work done without being illegal and immoral and indemnify the corporate.
5. Corporate endorsements and promotions, for example sprucing up a police station, public toilet installation, drinking water provision, free meals scheme. Free medical aid, Education etc. Using celebrities to promote a cause etc.
Now guys i cannot monopolise the ideas you all add to the idea of how corporates can help in rooting out corruption in the system ? Please complete the circle by joining Hazare in reducing corruption if not eliminating it.