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Black money adds up to Rs 6400 crore, SIT tells Supreme Court

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By NewsGram Staff Writer

The Special Investigating Team (SIT), set up to monitor the probe into black money case, stated in a report on Tuesday that the overall undisclosed taxable income from the unreported HSBC accounts abroad amounts to Rs 6,400 crore. The report was submitted in Supreme Court before a bench headed by Chief Justice H.L. Dattu.

While a tax demand of Rs 4500 crore has been raised, Rs 237 crore has been recovered so far, as per the report of The Indian Express. Reportedly, out of 628 HSBC accounts that are under the scanner, there is sufficient reason to take legal action against 403 accounts, said SIT. Recently, the government has been successful in extracting evidences from France regarding 575 HSBC account holders.

As per the newspaper, in the executive summary of the report, SIT stated, “Further information has been received in 575 cases in the first week of February 2015. Some of the cases which were hitherto not actionable may become actionable after such investigation.”

The summary was also given to Ram Jethmalani, the petitioner advocate, and he suggested that every poll candidate should file an affidavit stating that he or she does not hold any illegal money abroad, and if anything is found otherwise, then that person should be expelled from electoral politics.

Targeting finance minister Arun Jaitley, Jethmalani said, “President Pranab Mukherjee, in his stint as finance minister, had informed Parliament that India has identified over 40 tax havens abroad which are the places where Indians stashed black money.”

“But the present finance minister innocently tells Parliament that India has not identified any tax haven abroad. His understanding is worse than a schoolboy. Every schoolboy in India knows about the existence of tax havens where Indians park their illegal money. This is a circumstantial evidence to show that those in power today are involved in protecting the persons who stash black money abroad,” added Jethmalani.

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Yahoo Calls Ayodhya Verdict “Event Of The Decade”

Political heavyweights Finance Minister Nirmala Sitharaman, Banerjee and Union Minister Smriti Irani were India's "Top 3 Most Powerful Women in 2019"

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Yahoo
Every year Yahoo publishes the list of top newsmakers and happenings that catches the interest of Internet users in the country in the "Year in Review for India" report. Pixabay

The Ayodhya verdict was named the “Event of the Decade” while the five Supreme Court judges behind the verdict were named as the “Personality of the Year 2019” by search engine major Yahoo India on Monday.

The SC Bench — comprising Chief Justice Ranjan Gogoi, Justice Sharad Arvind Bobde, Justice D.Y. Chandrachud, Justice Ashok Bhushan and Justice S. Abdul Nazeer — laid to rest the century-old dispute and emerged as YIR’s “Personality of the Year.”

Every year Yahoo publishes the list of top newsmakers and happenings that catches the interest of Internet users in the country in the “Year in Review for India” report.

The abrogation of Article 370 came in at the second spot with the decriminalisation of Article 377 and India’s 2011 World Cup win also making it to the “Top Indian Events of the Decade”.

The Nirbhaya rape case found a place on the list. This year also marked the end of a decade where India discovered its love for the Internet and the smartphone, thus, earning the telecom/smartphone revolution a place on this list.

On the back of a landslide victory in the Indian general elections, Prime Minister Narendra Modi was 2019’s “Most Searched Personality” which he also held in 2018.

Yahoo
The Ayodhya verdict was named the “Event of the Decade” while the five Supreme Court judges behind the verdict were named as the “Personality of the Year 2019” by search engine major Yahoo India on Monday. IANS

Cricketer M.S. Dhoni and actor Priyanka Chopra Jonas joined Modi on this list along with a surprise entrant — Wing Commander Abhinandan Varthaman.

Modi topped the list of “Most Searched Politicians of 2019” with Chief Minister of West Bengal Mamata Banerjee claiming the second spot, edging out Congress leader Rahul Gandhi, who had to settle for the third position.

ALSO READ: EU Antitrust Regulators Investigate Data Collection of Google

Political heavyweights Finance Minister Nirmala Sitharaman, Banerjee and Union Minister Smriti Irani were India’s “Top 3 Most Powerful Women in 2019”.

Sports champions Harmanpreet Kaur and P.V. Sindhu also found a place on the list, with filmmaker Zoya Akhtar, whose film Gully Boy is headed for the Oscars, rounding off the top 10. (IANS)