'Corporates open to public gaze as data available online'

He said the ease at which the data is available now and is open for dissection has put pressure on everyone to ensure that there is compliance and transparency.

PTI
New Delhi, Publish Date: Jan 21 2018 12:43AM | Updated Date: Jan 21 2018 12:43AM
'Corporates open to public gaze as data available online'File Photo

Finance and Corporate Affairs Minister Arun Jaitley today said online availability of data has opened corporate activities to public gaze and raised the possibility of detecting any impropriety.

He said the ease at which the data is available now and is open for dissection has put pressure on everyone to ensure that there is compliance and transparency. 

"It's now all open to public gaze. And being open to public gaze has its own advantages. It has the advantage that there is a pressure on everyone to make sure that compliances do take place, everyone is on his feet and realised that if there is any impropriety the possibility of it being detected is going to be very high," said Jaitley, who also holds the charge of the Corporate Affairs Ministry (MCA).

The minister was speaking at the launch of National CSR Data Portal and Corporate Data Portal of the MCA.

He said because of online availability of data, it has become easier to dissect any impropriety, including that of funds being channeled through shell companies.

"Therefore this transparency is good for the system, good for corporate India, it's good that your details to the extent that are to be made public, are being made public," Jaitley said. 

x
This site uses cookies to deliver our services and to show you relevant news and ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.That's Fine