Arun shourie on 'Black Money of India"

Comments

Post a Comment

Popular posts from this blog

Jethmalani links Sonia to illegal funds in tax havens

Publish Date: Friday,3 September, 2010, at 12:36 PM Doha Time Former federal law minister Ram Jethmalani yesterday alleged several leaders of the ruling Congress Party had illegal funds stashed in foreign tax havens.The Rajya Sabha MP of the Bharatiya Janata Party (BJP) said that huge amounts of money stolen by criminal offenders from the pockets of poor people of India were hidden in foreign banks. “It is increasingly certain that bigwigs of the Congress are involved in these grave crimes, including (party chief) Sonia Gandhi and her son (Rahul),” Jethmalani alleged.He said that the latest protocol with the Swiss government was a further attempt to blockade the acquisition of information about these highly influential criminals.“The protocol does not even make sense. The double taxation treaty has nothing to do with the present situation,” Jethmalani said. India said on Tuesday a tax pact signed with Switzerland should help the government track illicit funds parked in Swiss bank ac...
Read more

The letters

The Guardian (Nigeria), May 7, 2010 SIR: Several years ago, the United Nations Industrial Development Organisation (UNIDO) reported that about $107 billion of Nigerian money was held in private accounts and assets in the United States and Europe. More recently, the Global Financial Integrity (GFI) think tank showed that Nigeria lost $89.5 billion in illegal outflows to developed nations, between 1970 - 2008. The other week, Nigerian newspapers published the names of 80 prominent Nigerians who were alleged to have partaken in the Halliburton N27 billion NLNG bribe. Included in this list, are four former heads of state, to former first ladies, a former vice president and 74 other prominent compatriots from every region of Nigeria. These reports beg the questions: Is the arrest and prosecution suspected of corruption the only tool capable of checking and ameliorating the plague of corruption in the past 50 years? Is it realistic to believe that any Nigerian government in the near future...
Read more

New agency to determine quantum of black money

Shruti Srivastava Posted online: Thursday , Mar 25, 2010 at 0106 hrs New Delhi : The political brouhaha over black money and unaccounted wealth stashed in Swiss banks has prompted the government to undertake a fresh study on the quantum of black money in the country. Almost 25 years after the National Institute of Public Finance and Policy (NIPFP) attempted to estimate the quantum of black money in the economy, the government is finally considering appointing a new agency to undertake a comprehensive study. “We are thinking of setting up a new agency that would be more broad based and the study will cover all sectors,” Central Board of Direct Taxes chairman SSN Moorthy told The Indian Express. The study will focus on forms of black money and the channels from which such unaccounted money originates. The move comes after the Parliamentary Standing Committee on Finance last year raised concerns over the issue, criticising the government for turning away from its responsibility on cl...
Read more