If anything has changed, it is this: corruption has only become bigger now. For proof, consider the Bofors scandal in the eighties.
The major corruption scandal, which brought down a government, was about Rs. 64 crore (Rs. 640 million) in kickbacks.
The loss to the exchequer in this year's 2G-spectrum allocation scam is 2,600 times higher than that at Rs. 1.76 lakh crore (Rs. 1,700 billion).
There are at least two other areas where nothing much has changed in the last 20 years.
One of them is subsidies which have remained a sacred cow over the years.
In 1991-92, several global institutions had recommended a broad policy reform that should include a move to market-based pricing of several commodities.
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