The Law Minister was speaking at the Global Summit organised by the PHD Chamber of Commerce and Industry here.
Khurshid said that there were many fundamental issues which needed to be addressed and "anybody who believes that he can do away with corruption in the country without having a transparent system of elections was mistaken."
"If we can solve the issue of financing elections in the country. If we make elections transparent in this country we will solve ninety per cent of the problems. That is the main issue," he said.
"But, while we are working on that we need at least to control or at least reverse the cycle of corruption," Khurshid said, and added that the Government led by Manmohan Singh was committed to this end.
He said that "corruptionists" were trying to create a negative sentiment in the country. He added that like communalists, the corruptionists too would fail.
"All attempts were made in this country to turn us from being secular-liberal society into a negative society but it was our people who said that, no, we will not allow it to happen," said Khurshid.
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"Whatever the communalists have not succeeded in doing in this country .... I hope the corruptionists will also not succeed in doing. To not turn this country into a country that distrusts itself," he said.
"There is a lot of problem and that lot of problem needs to be addressed. We do need a citizen charter, we need a public procurement act, we need a bribery act in this country, we do need a Lokpal in this country," Khurshid said.
"We need everything, but obviously, we have to pass it in Parliament. It can't be done here, you can pass a resolution here, not an act of law," he added. MORE