Corruption is recognised as the single biggest problem facing the country today. Transparency International defines corruption, 'as the abuse of entrusted power for private gain'. This chapter reviews the adverse effects of corruption: The first is bureaucratic corruption, the second is the growing influence of money in political life, and the third aspect of corruption is the generation of black economy and laundering of money worldwide. It focuses on two types of corruption: coercive and collaborative. The chapter explores the reasons for corruption so that we devise methods to fight it. These are: The weak legal framework for punitive action, the economic policy and the controlled economy, Big business, economic liberalisation and corruption and International convention against bribery. Corruption at high places has been the hallmark of the Indian political scene during the last three decades. India, today, needs a moral revolution to get its 'value-system' right and create a corruption-free society.