Never miss a story

Get subscribed to our newsletter


×

San Francisco: Bank accounts and toilets—these are the places to look at to figure out where India stands in its fight against corruption, said Nirmala Sitharaman, India’s minister of state for commerce and industry, while speaking at the Fortune Global Forum conference on Tuesday.

190 million Indian citizens have opened bank accounts for the first time, and that too in little over a year, even though the average account balance is just about $21 or Rs 1380.


“Financial inclusion” has been one of the prime areas of concentration for the Modi government, said Sitharaman. Apart from improving the finances of India’s poorest, this step can also help combat corruption.

When pensions are paid, or government officials are paid in cash, in most cases, middle men take a portion of the wages. But now, with the government wiring the money directly to the employees’ bank accounts, incidents of fraud have gone down to a large extent.

The simple act of counting toilets can give a glimpse into India’s journey towards a corruption-free nation, said Sitharaman.

The government has poured in money for 60 years towards the installation of toilets in small villages around the nation, but most were never installed, she added. However, the past year has seen a major push by the government to improve sanitation. This in turn has reduced corruption.

“India was spending money to put toilets in schools, but god knows where the money went,” says Sitharaman.

McKinsey managing director, Dominic Barton said that a recent report from the consulting firm found that apart from making a difference in the lives of its citizens, Indian government’s reforms were also attracting foreign businesses to the country.

“Three years ago, when clients would ask about doing business in India, I would say, ‘Don’t waste your time. It’s too complicated and too difficult,’” said Barton. “That’s changed dramatically.”

(Quotes and inputs from Fortune.com)


Popular

IANS

Rihanna was summoned from her seat to accept the honour, with the Prime Minister.

Singer Rihanna was honoured by Prime Minister Mia Mottley at an event which marked Barbados's new status as a republic, which was attended by Prince Charles. Addressing the pop star by her real name, the PM said: "Robyn Rihanna Fenty tomorrow morning shall have conferred upon her the order of national hero of Barbados."

Rihanna was then summoned from her seat to accept the honor, with the Prime Minister managing to rouse a laugh from the singer when she referenced her 2012 hit 'Diamonds', reports femalefirst.co.uk. She added: "On behalf of a grateful nation, but an even prouder people, we therefore present to you, the designee, for the national hero of Barbados." "And to accept on behalf of a grateful nation - you can come my dear - ambassador Robyn Rihanna Fenty, may you continue to shine like a diamond and bring honor to your nation." Rihanna, who was born in the St Michael parish of Barbados, found fame in 2005 after being spotted by a record producer and has since gone on to become one of the most successful female artists of all time with sales of over 250 million and recently reached billionaire status through her Fenty beauty brand.

The Prime Minister continued in her speech: "Commanding the imagination of the world through the pursuit of excellence, her creativity, her discipline, and above all else, her extraordinary commitment to the land of her birth. "Having satisfied that, Ambassador Robyn Rihanna Fenty has given service to Barbados which has been exemplified by visionary and pioneering leadership, extraordinary achievement and the attaining of the highest excellence to the Government of Barbados." It comes after a historic move for Barbados, which has become a republic after almost 400 years and welcomes its first president, Sandra Mason, after removing Queen Elizabeth as head of state. (IANS/ MBI)


Keep Reading Show less
Pxhere

It's that time of the year when there are festivities galore and entertaining comes to the fore.

By Manav Bhatia

It's that time of the year when there are festivities galore and entertaining comes to the fore. Manav Bhatia, Founder Trunkin shares some tablescapes for the season

Christmas Tablescapes: Whether it's cherry red tablecloths or plush green napkin rings, there's something for everyone. Red and green are synonymous with colour themes this time of year.

red and white candles on white ceramic vase Red and green are synonymous with colour themes this time of year. | Photo by Libby Penner on Unsplash

Keep Reading Show less
VOA

Typically, Glaucoma occurs in people with over the age of 60 however it can occur at any age.

By IANSlife

Have you ever faced eye redness? Or have witnessed blurry or foggy vision? Or experiencing halos around lights? Or nausea and vomiting are very common for you. You may well be suffering from Glaucoma which needs immediate attention.

Glaucoma is the second most common causes of blindness worldwide, according to a report by World Health Organisation (WHO). Typically, it occurs in people with over the age of 60 however it can occur at any age. It is also estimated that globally 79.6 million people are affected with glaucoma, half of them being Asian population. While in India, around 11.9 million people suffer vision impairment and out of which 1.2 million cases are due to Glaucoma. It is a growing concern for the population in India. Even after these high numbers, the enormous majority remains undiagnosed, and untreated. More than 90 percent of cases of Glaucoma remain undiagnosed.

Pink eye Glaucoma is the second most common causes of blindness worldwide, according to a report by World Health Organisation (WHO). | Wikimedia Commons

Keep reading... Show less