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issue of black money in india

On the issue of black money:

New Delhi: The Communist Party of India (CPI) on Monday sought the Centre's action in the revelation of nearly 1,200 Indians have accounts in Swiss banks.


"Now the names are in the public domain ... The government can not say the government is not aware of these names ... Already, the government introduced a few names to the Supreme Court. Now, what the country needs is an action of the BJP government, "said CPI leader D Raja ANI.

The CPI leader also demanded the Centre's action against black money.

"It is useless promise something at election time and give different interpretations after the election. If the BJP is very sincere in the fight against black money, now is the time the BJP government will act and bring all these names before the court of law and let the black money to be unearthed. the government get the money that actually belongs to the nation and the people, "he said.

Black money issue: CPI seeks government action following the revelation of new names

Monday, February 9, 2015



According to a report published in a major newspaper, HSBC list of Indians holding accounts in Swiss banks doubled to 1,195 names. Earlier, the French authorities had given the government a list of 628 names in 2011.

In December 2014, the special investigation team (SIT) submitted a report to the Supreme Court, which found that people on the HSBC list instead of Rs. 4479 crores in Swiss banks.

In an official statement released by the SIT, he said that of 628 names on the list received from HSBC France, 201 are either non-residents or non-traceable, leaving the cases of 427 people as cases to an action.

The Supreme Court had directed the Centre to ensure that the ongoing probe into suspected storing black money in bank accounts abroad is completed by March. Recover the black money stashed abroad has also been a prominent topic in the party election manifesto power of Bharatiya Janata Party for the Lok Sabha polls.



Kejriwal`s new composers to Chidambaram on the issue of black money

New Delhi: Activist Arvind Kejriwal Saturday asked the government whether the names of industrialists he named as having accounts at the HSBC Bank in Geneva were part of the list of 700 people handed in by France.


Ask questions of the finance minister P. Chidambaram has said the country wants to know why the government was "applied" different standards while investigating the issue that only some people are raided while for others are doing.

Kejriwal had yesterday made new allegations that HSBC Bank was engaged in money laundering and according Ambani brothers, Jet Airways Chairman Naresh Goyal and Congress MP Anu Tandon had parked black money in its Geneva branch.

All who were appointed by Kejriwal had denied the allegations.He also alleged that the government was saving HSBC and how people could believe that the government will make a fair probe.

"If the US government can get tough with banks, why can not Indian governmen do the same?" he said. Government yesterday rejected the allegations made by Kejriwal on the issue of black money saying there was nothing new in the accusations and no evidence was provided to support them.

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