XII in the News – XBRL and the Digital India Initiative
Indian PM Narendra Modi’s Digital India initiative is looking to transform India into a “digitally empowered” society by putting an emphasis on e-governance and connectivity for citizens to make those government services readily available through online and mobile platforms. It’s an important program that could bring significant change to the country. And while much of the program focuses on social services like healthcare, work being done by the Reserve Bank of India and other agencies align with Digital India. XII CEO John Turner spoke about it with leading national newspaper, the Business Standard during his recent visit there to address the XBRL Asia Roundtable and the India XBRL National Conference. The next opportunity for India is to make it easier to understand corporate performance, and the risks and opportunities associated with specific companies. “This goes very much to the Indian government’s digital agenda, and it is what XBRL is for: enhancing business performance by improving transparency and accountability through the use of digital data exchange”. Read the full interview.