Sequence of Indian financial history is a saga of: 1) colonial loot 2 )post-colonial loot.3) loot laundered into tax havens and London.
NaMo, restitute kaalaadhan, rewrite history. http://ln.is/blogspot.com/RlBXb …
A prosecution team should be put in place to pursue the looters and enforce the rule of law. The nation has to be assured that effective action is being taken to bring to book the post-colonial looters, to start with. SIT led by Justice Shah is a good beginning, but they have to be assisted by a mission-oriented prosecution team with a strengthened, empowered Enforcement Directorate. There is NO NEED TO introduce new laws. Anti-money laundering laws in force are enough and just have to be enforced with determination governed by one goal to be reached: restitute the loot to the poor of Bharatam who have been short-changed by looters and crooks of the post-colonial era.
Kalyanaraman
Steps taken to check corruption: Modi
New Delhi
Prime Minister Narendra Modi on Wednesday said the government has taken “significant steps to check corruption and the menace of black money”.“The government has taken significant steps to check corruption and the menace of black money in a short span of time,” Modi said at the inauguration of sixth Global Focal Point Conference (GFPC) on Asset Recovery, and the 21st Annual Conference of CBI and State Anti-Corruption Bureaus here at Vigyan Bhavan.
“Our government is committed to making bureaucracy more efficient, performance oriented and accountable,” Modi said.
“We in India are currently in a crucial phase of nation building. Our mission is to build a prosperous India,” he added.
He said it was essential to fight relentlessly against corruption and that the government was unsparing when it came to punishing the corrupt.
Extending a warm welcome to over 100 delegates from 50 countries, Modi said: “Corruption is one of the principal challenges to that objective.”
“Governments across the world work to transform the lives of the poor and the marginalised. This is not an impossible mission. However, to achieve this objective, it is essential to fight relentlessly against corruption,” he added.
He said India stands committed in its fight against corruption.”The very day that we assumed office, we constituted a Special Investigation Team (SIT) under the supervision of the Supreme Court to look into the issue.“We have entered into agreements with many countries for exchanging real time information on black money,” Modi said.
He said the Indian government has signed the Inter Government Agreement with the US to implement the Foreign Account Tax Compliance Act.
“This agreement enables Indian tax authorities to receive financial account information of Indians from foreign countries on an automatic basis.” he further informed.
He said a comprehensive and deterrent law, the Black Money Undisclosed Foreign Income and Assets and Imposition of Tax Act has been enacted.
“It provides for stringent penalties and prosecution.”
Note:
1. Content is from IANS
1. Content is from IANS