Friday 17th, August 2018
canara news

Government has saved Rs 65,000 crore through DBT schemes: Amitabh Kant

Published On : 27 Jan 2018


New Delhi, (IANS) 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 here on Saturday.

"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







More News

HP dominated India printing market with 47% share in Q2 2018
HP dominated India printing market with 47% share in Q2 2018
Hackers transfer Rs 94 crore from Pune's Cosmos Bank
Hackers transfer Rs 94 crore from Pune's Cosmos Bank
Rupee hits record low against US dollar; recovers a bit
Rupee hits record low against US dollar; recovers a bit

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.