Tackling of Corruption in India by Recently Enacted Penal Laws

Corruption is not only a crime but also a serious social problem which further begets many other problems like black money, black market, money laundering etc. Corruption affects infrastructural development, economic growth, prosperity of nation and ultimately erodes public faith in law, government, governmental policies and governance. In this era of globalization, and science and technology, anything happening in one nation affects all other nations and persons throughout world. When in one nation public servants commit corruption and they have corrupt mentality; such situation affects not only the nation concerned but also the world community. It is always important requisite that the legal regime to tackle problem of corruption has to be reviewed and amended to suit the requirements of criminal justice system. In India recently legal regime relating to corruption has been amended for effective tackling of corruption and corruption related problems. In this paper analysis will be made regarding effectiveness of recently enacted laws to deal with corruption. Keywords: Benami property; Black money; Corruption; Confiscation; Criminalisation; Money laundering; Society; Tax evasion.