Union Minister Nirmala Sitharaman on Tuesday stated regulators and different entities ought to be properly superior and forward of the curve in understanding digitisation to make sure that there is no such thing as a misuse of applied sciences. Sitharaman, who’s accountable for finance and company affairs ministries, additionally emphasised the necessity to have firewall mechanisms within the context of digitisation.
The decade from 2020 and upwards shall be infused with digital strategies, she added. Sitharaman was talking on the occasion to flag off Iconic Day celebrations of the company affairs ministry as a part of the Azadi ka Amrit Mahotsav (AKAM).
According to her, the Competition Commission of India (CCI) and National Financial Reporting Authority (NFRA) ought to be forward of the curve within the context of digitisation to make sure honest and accountable practices in addition to there is no such thing as a misuse of applied sciences.
Corporate Affairs Secretary Rajesh Verma stated the ministry shall be popping out with varied instruments, together with for compliance administration, and emphasised its concentrate on technology-driven platforms to facilitate ease of doing enterprise.Various measures have been taken within the final eight years to ease the compliance burden, he famous. Minister of State for Corporate Affairs Rao Inderjit Singh additionally addressed the occasion.
At the occasion, the National CSR Exchange Portal was launched.Among others, a commemorative postal stamp on investor consciousness was launched and a particular window for these 75 years and above with respect to claims was launched by IEPFA.
Source: www.financialexpress.com”