MPs to dissect black money menace on Friday

Yashwant Sinha headed parliamentary standing committee on finance to grill economic affairs secretary and ED

PTI | November 14, 2011



The parliamentary standing committee on finance headed by senior BJP leader and former finance minister Yashwant Sinha has fixed a meeting on Friday and Saturday to exclusively deal with the black money menace in the context of the latest disclosure coming from France.

It will be grilling economic affairs secretary R Gopalan and enforcement directorate Arun Mathur on the government keeping under wraps names of 700 Indians having deposits in foreign banks totalling around Rs 4,000 crores that were passed on by the France government recently.

Though the government has started selective recovery of income-tax and some of the depositors have also been raided, the committee wants to know why the enforcement directorate has not booked the culprits who have siphoned off money abroad illegally.

Sources said the probing by the committee would not be limited to just the French disclosure but extend to understand all steps the government has taken and what has been result of these steps. Sinha has insisted that the information received from Paris has nothing to do with the treaties with the financial havens and hence the government is not bound by them to keep the names secret.

Comments

 

Other News

The Geography of India’s inflation

India today finds itself in an unusual position. At a time when geopolitical conflicts, trade fragmentation, and supply-chain disruptions are reshaping the global economy, the country`s macroeconomic fundamentals remain relatively upwards. Growth remains among the highest in the world, inflation has larg

How to listen to the great storytellers that the trees are

The Trees of My Country: A Natural History of India in 50 Trees By T. R. Shankar Raman, with illustrations by Manali Patil Aleph Book Company, 284 pages, Rs 1,499  

This tree in Bihar turns out to be the oldest accurately dated banyan

A banyan tree in Munger, Bihar, estimated to be around 700 years old, has been identified as the oldest accurately dated banyan tree, Ficus benghalensis, using radiocarbon dating, a method that relies exclusively on scientific evidence rather than historical records or local lore. Banyan

Corporate Governance 3.0: What the boardroom of 2030 will look like

The phrase "corporate governance" often evokes images of board meetings, compliance checklists, and regulatory filings. For years, governance was viewed primarily as a mechanism to prevent fraud, protect minority shareholders, and ensure regulatory compliance. However, the events of the last deca

India, Japan open "a new chapter in special strategic and global partnership"

India and Japan are opening a new chapter in their special strategic and global partnership with the visit of prime minister Sanae Takaichi, India`s prime minister Narendra Modi said on Thursday,   "I had said in the G7 summit a few days ago that, in this environment of

AI studies sun images to track bright solar regions

Artificial Intelligence has been used to trace the shift in magnetically active patches on the Sun from 1916 to 2007 by scanning 100 years of hand-drawn Sun records from the Kodaikanal Solar Observatory (KoSO). This could give a much longer view of how solar activity changes over time.  





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter