PM Modi says govt committed to fighting corruption

Discloses government has reduced pension benefits of 45 senior officers for 'unsatisfactory performance'

The government has so far reduced pension of 45 senior officers of various services for unsatisfactory performance and delivery in public services, Prime Minister Narendra Modi revealed Wednesday. 
 
Addressing the Global Focal Point Conference on Asset Recovery, organised by Interpol and the World Bank Group's Stolen Asset Recovery Initiative, Modi said his government is committed to ensuring probity among public servants. 
 
“The government is unsparing when it comes to punishing the corrupt," he said.

 
At the same time, he said the government would also ensure that public servants are protected from frivolous allegations. While the Prime Minister did not elaborate, the government is reported to planning to amend the Prevention of Corruption Act to protect officials from such allegations. 
 

 
The prime minister said globalisation of organised crime poses a major threat to global economies. 
 
"Dirty money drives out good money. Organised crime can hamper investment and economic growth. It can also infiltrate or acquire large spectrum of the economy," he said. 
 
The prime minister said economic liberalisation and globalisation have drastically increased the ability to move profits of crime to anywhere in the world. 
 
To plug this, Modi said his government is committed to implementing uniform global standard for automatic exchange of information on a fully reciprocal basis.