​​​
  1. Amend Prevention of Corruption Act for mature political consensus: Arun Jaitley

Amend Prevention of Corruption Act for mature political consensus: Arun Jaitley

Arun Jaitley on Monday called for statesman like and mature process of political consensus as well as removing the environment of suspicion on decision making...

By: | New Delhi | Published: April 27, 2015 4:58 PM
Arun jaitley finance minister

Finance Minister Arun Jaitley said that, “Prevention of Corruption Act, 1988 must “bring out an essential distinction between trial and error or an honest decision and a decision led by corrupt motives”. (PTI)

Expressing optimism that India has the potential of double digit growth, finance minister Arun Jaitley on Monday called for statesman like and mature process of political consensus as well as removing the environment of suspicion on decision making by amending the Prevention of Corruption Act, 1988.

“‎The overkill coming from various institutions has not helped the growth rate of the economy,” Jaitley said at a CBI function.

His comments come at a time when key reform bills on land acquisition and the goods and services tax are pending with the Parliament for approval.

Referring to his experience while heading the department of disinvestment as well as other government ministries, Jaitley further said that many departments are reluctant to take decisions or enter into honourable compromises.

Calling many of the phrases in the Prevention of Corruption Act, 1988, the minister said that these need to be reviewed and the Act must “bring out an essential distinction between trial and error or an honest decision and a decision led by corrupt motives”.

For Updates Check Economy news; follow us on Facebook and Twitter

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Tags: Arun Jaitley

Go to Top