New Delhi, June 20: President Ram Nath Kovind on Thursday said that the efforts being taken to fight corruption and book the economic wrong doers will be expedited further.
In his address to the Joint Sitting of Parliament, Kovind said in the last two years over 4.25 lakh investors have been disqualified and over 3.5 lakh companies registration have been cancelled.
President said in this context the Fugitive and Economic Offenders Act has proved to be much helpful. He said on this government of India is also now getting cooperation from 146 countries including from Switzerland.
"We have already signed automatic exchange pacts with 80 countries," the President said.
He further said ‘Insolvency and Bankruptcy Code’ is now considered one of the major economic reform strategies.
The Joint Sitting of Parliament was attended among others by Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Home Minister Amit Shah, Congress leaders Sonia Gandhi, Rahul Gandhi.
The President's speech was regularly greeted by thumping of desks including by opposition leaders such as Gandhi and Ghulam Nabi Azad.