He said the focus of his government was on providing system-based and policy-driven governance. "A governance structure that is sensitive, transparent and accountable," he said.
Speaking at the Sixth Global Focal Point Conference on Asset Recovery being hosted by the CBI, the Prime Minister said corruption is one of the "principle challenges" for government's across the world in transforming the lives of poor and maginalised.
"This is not an impossible mission. However, to achieve this objective, it is essential to fight relentlessly against corruption. India stands committed in its fight against corruption," he said.
Highlighting the achievements of his government in tackling the menace of corruption in bureaucracy, he said several steps have been taken to make the bureaucracy more efficient, performance-oriented and accountable.
"The Government is committed to ensuring probity among public servants and to protect them from frivolous allegations.
The Prime Minister said after assuming the office, his government had taken several steps to check corruption and the menace of black money in a short span of time which included setting of a Special Investigation Team under the supervision of the Supreme Court to look into the blackmoney issue.
The Supreme Court had directed the Centre to form an SIT and after Modi government came to power in May last year, it announced its constitution as the deadline was nearing.
Besides this, a comprehensive and deterrent law, the Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act, has been enacted which provides for stringent penalties and prosecution.
"We have also introduced a provision under the Prevention of Money Laundering Act for restitution of assets. This will enable millions of poor investors who have lost money in ponzi schemes to recover a part of their hard earned money," he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
