DBT schemes helped government save Rs 65,000 crore: Niti Aayog CEO

The government has saved Rs 65,000 crore through direct benefit transfer (DBT) mechanism with regards to various schemes, confirmed Niti Aayog CEO Amitabh Kant. He said all government schemes should be linked to DBT to eliminate corruption. Kant said there are around 300 schemes that have been implemented via DBT, and benefits around 41 crore people. He then spoke on ease of doing business in the country, indicating that the norms have become much simpler for both native and foreign companies to run a business in India.

In fact, Prime Minister Narendra Modi also made it clear at the World Economic Forum (WEF) that red tape will be replaced with red carpets for companies will to invest in the country.

The Niti Aayog chief went on to say that the government has done away with around 1,200 old laws which slowed down ease of doing business. He mentioned that there is a need to 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.

Source: Times Now

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