ID :
76967
Wed, 08/26/2009 - 10:11
Auther :
Shortlink :
https://oananews.org//node/76967
The shortlink copeid
bringing back black money stashed in Swiss
The issue of bringing back black money stashed in Swiss
banks had become a hot topic during the Lok Sabha (Lower House
of Indian Parliament) elections earlier this year, and the
Supreme Court of India is also hearing a public interest
litigation accusing the government of inaction in bringing the
money back to India.
Earlier in May, the government filed an affidavit in the
case on the action taken by it on the issue. The PIL was filed
by former law minister and eminent jurist Ram Jethmalani and
five others seeking a direction to the government to take
action to bring back money to the tune of Rs 70 lakh crore
lying in foreign banks.
The government counsel said in the court that the
government was acting on the issue and noted that Indian Prime
Minister Manmohan Singh, in his opening speech at the recent
G-20 submit in London, had said that "there should be an
absolute transparency and banking secrecy should be over."
Late in July, the Prime Minister as also Finance Minister
Pranab Mukherjee, informed Parliament that the action has
started for getting back black money belonging to Indians in
Swiss banks.
After Swiss banks said that it would now allow "fishing"
of accounts to India, political parties accused the government
of inaction.
Bharatiya Janata Party (BJP) president Rajnath Singh
said the government should build up diplomatic pressure on
Switzerland, while the Communist Party of India-Marxist
(CPI-M) wondered why India can't do what America did.
Janata Dal-United (JD-U) accused the government of "not
actually wanting to do" anything about it. PTI RAM
ANU
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banks had become a hot topic during the Lok Sabha (Lower House
of Indian Parliament) elections earlier this year, and the
Supreme Court of India is also hearing a public interest
litigation accusing the government of inaction in bringing the
money back to India.
Earlier in May, the government filed an affidavit in the
case on the action taken by it on the issue. The PIL was filed
by former law minister and eminent jurist Ram Jethmalani and
five others seeking a direction to the government to take
action to bring back money to the tune of Rs 70 lakh crore
lying in foreign banks.
The government counsel said in the court that the
government was acting on the issue and noted that Indian Prime
Minister Manmohan Singh, in his opening speech at the recent
G-20 submit in London, had said that "there should be an
absolute transparency and banking secrecy should be over."
Late in July, the Prime Minister as also Finance Minister
Pranab Mukherjee, informed Parliament that the action has
started for getting back black money belonging to Indians in
Swiss banks.
After Swiss banks said that it would now allow "fishing"
of accounts to India, political parties accused the government
of inaction.
Bharatiya Janata Party (BJP) president Rajnath Singh
said the government should build up diplomatic pressure on
Switzerland, while the Communist Party of India-Marxist
(CPI-M) wondered why India can't do what America did.
Janata Dal-United (JD-U) accused the government of "not
actually wanting to do" anything about it. PTI RAM
ANU
The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.
