Nifty99000 100%

Sensex99000 100%

Article rating: 4.3
Article rating: No rating
Article rating: 2.0
Article rating: 1.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating


All govt schemes should be linked to DBT to eliminate corruption: Amitabh Kant

Author: IANS/Monday, January 29, 2018/Categories: Government

All govt schemes should be linked to DBT to eliminate corruption: Amitabh Kant

New Delhi - The direct benefit transfer (DBT) mechanism in various government schemes have helped the government save around Rs 65,000 crore (over $10 billion), NITI Aayog CEO Amitabh Kant said.

"All government schemes should be linked to DBT, or else corruption cannot be eliminated. Currently around 300 schemes are implemented through DBT, benefiting around 41 crore people," Kanth said at the launch of the book "On the Trail of the Black", edited by Bibek Debroy and Kishore Arun Desai.

Talking about ease of doing business in the country, Kant said the government has done away with around 1,200 old laws which were not relevant and it should also simplify processes for businesses by reducing the government forms to just a single page.

"No form should be more than that of one page, no rule should be more than that of two pages and no act should be longer than three pages," he added.

Bibek Debroy who also heads the Economic Advisory Council to the Prime Minister pointed out the drawback of the Prevention of Corruption Act.

"The problem with the Prevention of Corruption, the amendment (for which) is still pending... is that it does not punish the malafied intentions adequately...but simultaneously does not also protect bonafide decision-makers," he said.

"If you do not protect the bonafied decision-makers, the consequence will be complete risk aversion and people will not take (required) decisions," he added.

Print Rate this article:
No rating

Number of views (179)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free