Make transparency a patriotic duty

Soon after the GST regime was rolled out, the Hon’ble Prime Minister announced that the Registrars of Companies (RoC) had struck 100,000 shell companies off their rolls. Addressing chartered accountants in Delhi on July 1, 2017, Mr Narendra Modi said this historical decision was a sterling example of how tough decisions can be taken if “patriotism” served as the inspiration.

The 3,000-strong gathering welcomed this announcement with thunderous applause and the media reported it as another step in the direction of curbing the influence of black money, stemming the tide of corruption and cleaning up the economy, as part of the demonetisation exercise that was launched on November 8, 2016. Read More