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

The Logical Indian

July 12th, 2016

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.

Share your thoughts..

Related Stories

What Would The Internet Be Like Without Net Neutrality? Portugal Is An Example

Govt Exposes Names Of Disqualified Directors Of Shell Companies; Sasikala, Oommen Chandy Among Those Listed

3 Lakh Directors Of Shell Companies Blacklisted By Ministry Of Corporate Affairs

Bribery And Extortion

Transparency International Puts India In Red Zone For Bribery And Extortion

India Jumps 16 Spots To Rank 39 In World Economic Forum’s Global Competitiveness Index

After Panama Papers, ICIJ Publishes Bahama File Leaks With Details Of More Than 1,75,000 Companies

Latest on The Logical Indian

News

On Nirbhaya’s Death Anniversary, Women To Meet & Sleep On Parks To Reclaim Public Spaces

News

BSP Corporator Takes Oath In Urdu, Stirs Controversy

Awareness

66% Dip In The Disbursement Of Funds To Promote RTI

Get Inspired

Remembering Param Vir Subedar Joginder Singh Who Laid His Life Fighting Chinese Until His Ammunition Ran Out

News

Varanasi: Out On A Date, Young Couple Ends Up Getting Married, Courtesy Police

News

Industry Chamber Assocham Asks Centre To Drop “Bail-In” Clause From FRDI Bill