Transparency International Gives Thumbs Up To Indian Companies, China Performs Worst

The Logical Indian

July 12th, 2016 / 5:51 PM

Source: transparency | Image Courtesy: newindianexpress

Indian companies impressive in their rankings

India’s economy is often criticized for its bureaucratic controls and too many regulations. TRANSPARENCY INTERNATIONAL has given the thumbs up for India’s regulatory body and has cited strong regulations and disclosure norms. The disclosure norms include corporate entities abroad including their name, country of operation, percentages owned and some key financial data. Transparency International cites these regulations for boosting the ranking of Indian companies in the rankings among emerging economies.


Airtel leading the way
Many Indian companies have fared well on this front – 19 Indian companies achieved a high average score of 77 percent because they are required by law to disclose key information about all their corporate entities abroad including their name, country of operation, percentages owned and some key financial data. One company Bharti Airtel secured a whopping 100%. The same ranking also pointed out that 8 companies from China & 1 from Brazil secured 0% on this front.


More work to be done
It is indeed refreshing to see Transparency International giving the thumbs up to many Indian companies on the issues of regulations and disclosures. It is also worthwhile to remember that India Inc and other structural issues need a lot of improvement in other areas and criteria. Let us hope this positive news serves as a stepping stone for further success for India and India Inc.


Contributors

Edited by :

Share your thoughts..

Related Stories

PM Modi Ayushman Bharat

First PM To Prioritise Universal Health Coverage: Lancet Gives Thumbs Up To Modi’s Ayushman Bharat

From License To Bank Of China To Taiwan’s Name Change By Air India: What Changed B/W India & China?

Centre Gives Nod To Already Cleared Program That Allows Pvt Companies To Manufacture Ammunition, Creates Confusion

Why Is China Building Islands In The South China Sea?

India Signs International Pact To Check Tax Evasion By Multinational Companies

Bribery And Extortion

Transparency International Puts India In Red Zone For Bribery And Extortion

Latest on The Logical Indian

News

Election Result 2018: What Prominent Political Leaders Had To Say About It

News

Centre Denies Separate Minority Status To Lingayats, Says Scheduled Caste Benefits Would Be Lost

Awareness

An Island In Sunderban Is Disappearing Due To Rising Sea Water; Residents Left Without A Home

News

Pothole Menace: 22-Yr-Old Dies In Bengaluru Allegedly After Hitting Pothole, BBMP Blames Victim

News

After A Neck-To-Neck Fight, MP Finally Goes To Congress; Mayawati Extends Support, Shivraj Chouhan Resigns

News

J&K: To Set An Example Of Communal Harmony, This Hindu Majority Village Elected Muslim Man As ‘Panch’

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.