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To know how well India is addressing corruption problems, take a look at bank a/c, toilets: Sitharaman

Updated: Nov 05, 2015 05:16:13pm
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Washington, Nov 5 (KNN) If you want to know how well India is addressing its corruption problems, just take a look at bank accounts and toilets, Commerce Minister Nirmala Sitharaman said this at the Fortune Global Forum conference on Tuesday, as per the Fortune magazine report.
                       
"If you want to know how well India is addressing its corruption problems, just take a look at bank accounts and toilets. That was the message from Smt Nirmala Sitharaman, India's minister of state for commerce and industry, at the Fortune Global Forum conference on Tuesday," Fortune magazine said in a news report published yesterday. 

At the Fortune Global Forum conference in San Francisco, Sitharaman said In a little over a year, 190 million Indian citizens have opened bank accounts for the first time. The balances in the accounts are small, just an average of $21 per account.

Nevertheless, Sitharaman said, “financial inclusion” has been a major push of Prime Minister Narendra Modi’s administration, not just because it can improve the finances of India’s poorest citizens, but because it also helps stamp out corruption, according to the report. (KNN Bureau)

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