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.
 

Comments

 

Other News

3% of medicines are of poor quality: Survey

 More than three percent of medicines in India are ‘Not of Standard Quality’ (NSQ) and 0.0245 percent spurious, reveals a survey report on drugs quality by the ministry of health.  The survey carried out by National Institute of Biologicals (NIB), Noida found that out of the

BEL unveils new weapon system for MBT Arjun tank

 Bharat electronics limited (BEL) has launched a new weapon control system — Remote Controlled Weapon Station (RCWS) / Air Defence Weapon Station (ADWS) for 12.7 mm gun of MBT Arjun Mk II battle tank during recently concluded Aero India 2017 in Bengaluru. The new weapon control system

Sasikala camp in talks with OPS faction

 The Sasikala camp is in talks with the O Panneerselvam (OPS) faction and they are trying to win them over, says an AIADMK insider. Negotiation have started between the main AIADMK, which is with Sasikala, and the splinter group that is supporting former chief minister OPS. The party insider

Stories to read over the weekend

On October 1 last year, Mehtab Alam Ansari, 30, who worked as a tailor in Delhi, had arrived in his village, Chepa Khurd in Barkagaon tehsil of Harazibagh district, to celebrate Eid with his family. That morning, he was nearing Dadi Kalan, a neighbouring village, to meet an acquaintance when he hea

ONGC to invest of Rs 7,327 cr for five projects

  State run enterprise oil and natural gas corporation limited (ONGC) has decided to invest Rs 7,327 crore to develop five projects to produce oil and gas. The decision was taken in its 290th board meeting held on February 23. The projects include development of R-Series fields, incl

Shiv Sena may again ally with BJP

The civic election results could well have long term implications in Maharashtra’s politics, with the Bharatiya Janata Party (BJP) doing dramatically well and the Shiv Sena failing to get a simple majority.   The Shiv Sena won 84 seats, while the BJP bagged 82 seats. Th

Video

Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter