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Indian ecosystem and the financial landscape has become more transparent due to the digitisation drive.
According to Jawhar Sircar, former CEO of Prasar Bharati, the digitisation drive including digital linkage and transactions has helped ensure transparency.
“Indian ecosystem is becoming more transparent as people are leaving behind a digital trail, and the credit goes to these digitisation initiatives,” he said at a panel discussion on ‘Changing landscape of financing in India’ organised by ALFA network, a forum affiliated to Assocham here on Saturday.
The book titled ‘From Lehman to Demonetization’ by Tamal Bandopadhyay, financial analyst and strategy advisor of Bandhan Bank, was unveiled alongside the session.
The government’s initiatives including Aadhar based digital linkage, financial inclusion drive through Jan Dhan accounts and JAM (the interface that incorporates Aadhaar, Jan Dhan and smart phones) are expected to fast-track the country’s move towards digitisation.
However, though transparency has improved, it has not been able to completely do away with corruption. This is primarily because though the government has gone for a digitisation drive; they have still not been able to completely curb non-digital transactions.
“There is a lot of transparency now but basic rules of the game have not changed. We have still not been to address the issue of corruption,” he said.
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