Rupee news gandhi biography

In the 1980s Rajiv Gandhi, then the Prime Minister of India, had said that for every rupee targeted towards welfare and poverty alleviation only a fraction, 15 paise, reached the intended beneficiary.^[1][2] This observation by the Prime Minister has been called a guess, an estimate, not based on empirical data.^[3] While the statement has been connected to corruption, it has also been taken as an understanding of the large operating costs and overheads of administering public services.^[4] India's Chief Vigilance Commissioner later added that of the remaining, "40 paise perhaps can be accounted for administrative overheads and 45 paise is pure corruption".^[5]

It has also been felt and politically stated that even less than 15 paise is a truer estimate in some cases; 10 paise,^[6] even less than 5 paise.^[7] In 2007, in the same context, deputy chairman of the Planning Commiss