India still in the dark on black money -Governance Now

India still in the dark on black money

Modi government has no estimate of the black money stashed abroad

GN Bureau | May 4, 2016

#black money #Jayant Sinha #Narendra Modi #Manmohan Singh

In a written reply to the rajya sabha, minister for state for finance, Jayant Sinha said, “Determination of black money sent to foreign countries is subject to investigation and other follow-up actions by relevant law enforcement agencies, including Income Tax department, enforcement directorate, CBI etc., which is on-going… However, details of the amount of money involved in such cases are not maintained centrally.”

After storming to power, prime minister Narendra Modi assured that they were committed to bring back black money as promised during election campaigns.

Former prime minister Manmohan Singh recently took on Modi over the black money issue in Guwahati. He said that the government had failed miserably in fulfilling its promise made to the people. “His foreign tours are being presented as great achievements, but everyone knows that these foreign tours have resulted in nothing,” he said.

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