Insta
70 Per Cent Corporate Employees Say Note Ban Will Curb Corruption: Ernst & Young
A bank staff member hands Indian 500 rupee notes to a customer. Photo credit: INDRANIL MUKHERJEE/AFP/GettyImages
As many as 70 per cent of respondents in a survey conducted Ernst & Young (EY) on the eve of the International Anti-Corruption Day, which is marked on 9 December, believe that the Narendra Modi government's demonetisation initiative can help curb corruption in the long term.
"Broadly, this (demonetisation) is expected to boost India's anti-money laundering efforts and curb the menace of unaccounted illicit wealth, which has been hoarded in the form of cash,” Moneycontrol quoted EY India Partner Yogen Vaidya as saying.
The report also says that the 40 per cent of respondents said they never attended an anti-bribery and anti-corruption training. Another aspect of the survey is that 15 per cent did not know that they may be held responsible for improper activities, which are done on behalf of their organisation.
Also, 94 percent of the respondents believe the private sector should be covered under the amendments proposed in the Prevention of Corruption Act.
With inputs from IANS
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
