AMN
Finance Minister Arun Jaitley has said that an erroneous commercial decision of a public servant cannot always be seen as corrupt. He said that the amendments to the anti-graft law would protect the honest bureaucrats.
He said the amendments to the anti-graft law have been brought to Parliament and the select committee has suggested some marginal changes in its report.
He was speaking at an award function organised by Business Standard in Mumbai. He said the current Prevention of Corruption Act was drafted in 1988 during the pre-liberalisation era in line with the erstwhile needs of the system.
The minister said the fundamentals of the anti-graft law in the liberalisation era have to be changed, where public servants, bankers and politicians are involved in taking commercial decisions now.