Black India
BLACK money has been an important issue with Sangh but, as ever, BJP has betrayed Sangh (Previously it has been ignoring the concerns of other Sangh affiliates like BMS, BKS, VKA, BBA et al.) Court's order was clear : give us the names; we will decide the rest (regarding investigation, prosecution etc). It is really unfortunate that Judiciary should step into what has to be done by the government.
THE country, by some estimates, generates more than 5.5 lakh crore rupees in black money, a share of which ends up in foreign banks. Again, by some estimates, more than 28 lakh crore rupees have been siphoned out of the country in last more than two decades, i.e. ever since we entered globalization in 1991. A major part must have returned through tax havens. This has resulted in loss of several hundred lakh crore of rupees in taxes as also in investment.
BJP is claiming the credit for Court's directive. It is also thumping its back for constituting SIT. But what has been the outcome of it's efforts of the last more than five months? What were it's claims in election rallies? What about the 14 names revealed by AAP almost two years ago? Why the matter was beig investigated by IT department that is not competent to handle money laundering? BJP has taken shelter under bilateral treaties, DTAAs; but no such agreement comes in the way if matters relate to crime or comes under judiciary or under any legal process.
THE government could follow a simple procedure : give the list of these 800 odd people {government has submitted only 627 names; what about the rest?} to RBI who could, within days, find out the names of persons who opened these accounts without permission. Then CBI, ED and other such 12 agencies could have brought out the truth by now. If the government did not do so, there must have been some compulsions to hide truth. Is n't it?
THE country, by some estimates, generates more than 5.5 lakh crore rupees in black money, a share of which ends up in foreign banks. Again, by some estimates, more than 28 lakh crore rupees have been siphoned out of the country in last more than two decades, i.e. ever since we entered globalization in 1991. A major part must have returned through tax havens. This has resulted in loss of several hundred lakh crore of rupees in taxes as also in investment.
BJP is claiming the credit for Court's directive. It is also thumping its back for constituting SIT. But what has been the outcome of it's efforts of the last more than five months? What were it's claims in election rallies? What about the 14 names revealed by AAP almost two years ago? Why the matter was beig investigated by IT department that is not competent to handle money laundering? BJP has taken shelter under bilateral treaties, DTAAs; but no such agreement comes in the way if matters relate to crime or comes under judiciary or under any legal process.
THE government could follow a simple procedure : give the list of these 800 odd people {government has submitted only 627 names; what about the rest?} to RBI who could, within days, find out the names of persons who opened these accounts without permission. Then CBI, ED and other such 12 agencies could have brought out the truth by now. If the government did not do so, there must have been some compulsions to hide truth. Is n't it?
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