Mukherjee to clarify government stand on black money
January 24th, 2011 - 11:11 pm ICT by IANS
New Delhi, Jan 24 (IANS) Finance Minister Pranab Mukherjee will Tuesday outline the government’s strategy on how to bring back black money stashed in foreign banks, official sources said. Mukherjee is scheduled to hold a detailed briefing on the issues related to black money Tuesday afternoon, finance ministry sources said Monday.
Prime Minister Manmohan Singh last week discussed the matter with cabinet colleagues after the Supreme Court queried why the government cannot name those involved in this $1.5-trillion “national plunder”.
The apex court last week came down heavily on the government for its reluctance to provide full information on ill-gotten money stashed away by Indians in foreign banks.
The matter came up before the Supreme Court after noted lawyer Ram Jethmalani sought directions to the central government to act upon a report that Germany was willing to share details of Indians having accounts in banks based in Liechtenstein.
Jethmalani wanted directions to be given to the government to bring back such ill-gotten money, estimated at a whopping $1.5 trillion - nearly one-and-half times India’s gross domestic product - put away in foreign banks by Indians.
India has started renegotiating its tax agreements with several countries in an effort to track ill-gotten money stashed in tax heavens such as Switzerland.
- India's cabinet discusses how to bring black money back (Roundup) - Jan 20, 2011
- Black money stashed abroad a national plunder: Supreme Court - Jan 19, 2011
- Cabinet discusses black money issue after apex court rap - Jan 20, 2011
- Indian money stashed abroad a national plunder: Apex court (Lead) - Jan 19, 2011
- Why hide names of foreign account holders, asks apex court (Lead) - Jan 14, 2011
- Black money abroad pegged at $500 bn to $1,400 bn: Mukjherjee (Lead) - Jan 25, 2011
- Black money: Apex court seeks details on government steps (Lead) - Jan 27, 2011
- UPA government not clear on issue of black money: BJP - Feb 01, 2011
- Black money: Apex court seeks details on government steps - Jan 27, 2011
- West Bengal calls for centre-state cooperation on black money - Feb 28, 2011
- 'Can't reveal names yet of Indians with black money abroad' (Roundup) - Jan 25, 2011
- Congress allowed billionaires to stash money abroad: Buddhadeb - Feb 05, 2011
- Magazine claims to have list of Indian tax evaders - Feb 04, 2011
- No cover up on black money issue: Antony - Jan 20, 2011
- File cases in foreign black money case, demands Advani (Lead) - Feb 01, 2011
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