On August 12, 2023, Prime Minister Narendra Modi emphasized that the adverse effects of corruption are most deeply felt by the underprivileged and marginalized sections of society. He underscored that corruption disrupts the fair distribution of resources and market opportunities, ultimately eroding the overall quality of life for citizens.
Speaking virtually at the G-20 anti-corruption Ministerial meeting held in Kolkata, the Prime Minister asserted India’s unwavering commitment to a policy of zero tolerance towards corruption. He drew attention to the wisdom of Nobel laureate Rabindranath Tagore, who warned against the destructive nature of greed, which obstructs the path to discovering the truth.
Prime Minister Modi highlighted the proactive measures undertaken by India to combat economic offenders, noting the enactment of the Economic Offenders Act. He further reported substantial success in recovering assets exceeding $1.8 billion from individuals evading the law. Mr. Modi stressed that the collaborative efforts of the G-20 nations could greatly bolster the ongoing fight against corruption.
Recalling his presentation of a comprehensive 9-point agenda for countering fugitive economic offenders and reclaiming assets at the 2018 G-20 summit, the Prime Minister expressed satisfaction with the concrete steps taken by the group since then. He also advocated for granting due recognition to audit institutions in the larger battle against corruption.
Mr. Modi acknowledged the rectification of welfare scheme leakages and highlighted the accomplishment of distributing $360 billion directly to beneficiaries in India through targeted transfers. This demonstrates the government’s commitment to curbing misappropriation and ensuring that welfare funds reach the intended recipients.
