Infosys not in favour of bringing corporates under RTI

Leading IT company Infosys has disapproved the idea of bringing corporates under the ambit of the Right to Information Act by saying that they were already accountable to several regulators in the country.

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“We are reluctant (that) we should be included (under the Right To Information),” Infosys Executive Co Chairman S Gopalakrishnan said at a CII event in Chandigarh. He was responding to a query on whether the Indian corporates should be brought under the purview of the Right to Information (RTI) Act. Stating that public companies are answerable to many regulatory bodies, Gopalakrishnan said any decision with regards to the expansion of RTI jurisdiction to cover companies should be taken “very carefully”.

“The RTI was created for a specific purpose to bring in certain level-playing field between citizens and the government… but to expand that… beyond that… we should be very careful,” he said. “There are so many regulatory bodies here and the investors can get information about companies through these bodies,” he said indicating that the RTI may create constraints for companies. Stating the IT industry had become globally competitive now, he said changes could always be brought in regulatory bodies if something beyond was needed to be done.

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