TIWN
New Delhi, March 1 (TIWN) Finance Minister Nirmala Sitharaman on Sunday said GST and direct benefit transfers (DBT) are the two silent revolutions in India's public finance system which are now being globally acknowledged and over Rs 1 lakh crore have been saved because of the DBT.
"Today GST and DBT are being talked of as the silent revolution globally. We have shown public finance is not opaque, and is efficient and responsive to the public. This is the biggest revolution," said Sitharaman. Sitharamana said while presiding at the 44the Civil Accounts Day in the national capital. "At one time we talked about GST and the Rs 1 lakh lakh crore you saved for this country (through DBT). It is not just symbolic. The amount of Rs 1 lakh crore is being saved for the country by efficient use of technology and without telling anyone that you are not entitled (to benefits)," she said. Praising the accounting officials'' role, she said: "You have proven that corruption and wrongdoing can be just moved out of the system, cleansing it," Sitharaman said. The FM said DBT was adopted with the aim of cutting down middlemen and facilitating benefits to reach the target people without any leakages.
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