Economic Transparency refers to the clarity and openness of financial information. It ensures that government and corporate financial activities are visible to the public. This fosters trust and accountability. In India, it plays a crucial role in combating corruption. Economic Transparency enhances informed decision-making among citizens. It also supports sustainable development and equitable growth, benefiting the overall economy.
The ritualised secrecy surrounding India’s Union Budget—symbolised by the tightly guarded “Budget Bunker” in North Block—sits uneasily with the ideals of a modern, participatory democracy. What is often...
