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Atrocities in Balochistan highlighted by PM Narendra Modi in All-Party Meeting in New Delhi

PM Modi has made it clear that India will stay negative on Pakistan's interference in India's internal affairs

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India’s Prime Minister Narendra Modi gestures as he addresses a gathering in New Delhi, India, January 16, 2016. REUTERS/Adnan Abidi
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New Delhi, Aug 12: Prime Minister Narendra Modi on Friday said in an all-party meeting that the roots of tension in the Kashmir Valley lay in cross-border terrorism, that is sponsored by Pakistan.

“Terrorism is the basis of tension in Kashmir and it is being supported by a neighbour,” Modi told an all-party meeting convened to find ways to defuse tension in the Kashmir Valley.

Home Minister Rajnath Singh told reporters that the PM urged the participants at the meeting to “expose Pakistan’s atrocities in Pakistan-occupied Kashmir and Balochistan,” mentioned IANS.

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According to Financial Express report, Modi has made it very clear that India will stay negative on Pakistan’s interference in India’s internal affairs. India will expose the atrocities carried out by Pakistan in Balochistan and Pak-occupied Kashmir (PoK) regions if such situation arises in future.

Curfew in Kashmir continues for 14th day. Image Source: economictimes.indiatimes.com
Curfew in Kashmir. Image Source: economictimes.indiatimes.com

He further suggested that people living in the PoK areas and Balochistan should be asked about the crimes or terror-related incidents in their areas so that Pakistan can be exposed to the world, Singh said while sharing important points of PM Modi’s speech at the meeting.

Leaders from all parties were informed to do the necessary to bring back harmony and normalcy in Jammu and Kashmir. Centre has provided Rs 80,000 crore package for the state’s development and Sigh further mentioned that the amount has been forwarded to the state government and the remaining amount will be cleared by the Finance Ministry soon, mentioned Financial Express report.

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Apart from this, to provide employment to the youths in the state, the Central Government is conducting a huge recruitment drive for armed forces.

Modi has clearly stated that the needs and grievances of people from all sections in Jammu and Kashmir will be addressed but not at the cost of Nation’s integrity. The main reason behind unrest in Kashmir is Pakistan support to cross-border terrorism.

– prepared by NewsGram Team

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Political Climate Accused Of Encouraging The Promotion Of Black Money

There is a third reason why people who are tracking black money should not be looking at Swiss Banks

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Political Climate Accused Of Encouraging The Promotion Of Black Money. Pixabay

Last week, the political climate was charged with accusations that the government had actually begun encouraging the promotion of black money. Prima facie, the charges seemed to have some merit in them. Swiss bank deposits from India had swelled by 50%, one of the largest increases in recent times. But the accusation was a bit uncharitable. For three specific reasons.

First, even though the percentages seem high, the total amounts involved in Indian deposits with Swiss banks are not. At CHF 1.02 billion – even after accounting for the 50% jump – the amount is significantly lower than the CHF 6.46 billion in 2006 when the UPA was in power. In fact, Indian deposits with Swiss banks had been declining for the past three years – right from 2014 when Prime Minister Modi formed his government. It was only last year that the trend was broken and Swiss deposits began climbing again.

The second reason was that Indian deposits with Swiss banks account for just 0.07% of global deposits with Swiss Banks. That is one of the lowest levels ever during the last decade, overshadowed by an even lower share of 0.05% in 2017. At such percentages, India’s deposits with Swiss Banks are not much to rant and rail about.

There is a third reason why people who are tracking black money should not be looking at Swiss Banks. True, they were the best shelter for clandestine money in the past. But Switzerland has entered into several bilateral treaties for making disclosures about bank deposits to requesting states. That includes a treaty with India to provide real-time information with regard to Indians from January 2019. Obviously, any Indian who wants to stash away black money will not do so with Swiss Banks, because he would stand exposed.

There could, thus, be one credible explanation for the quantum of deposits in Swiss Banks going up. It could be found in the government’s decision to ram through amendments to the Foreign Corrupt Practices Act (FCRA) in March this year.

which seeks to exempt political parties from disclosing their source of funds from overseas. The courts had earlier demanded that political parties make these disclosures and the government thought it wiser to try and change the law instead. This move is now being challenged before the Supreme Court as being unconstitutional by public spirited persons like EAS Sarma. The decision of the court is still awaited. The amendment to the FCRA technically permits politically connected parties to put their money back with Swiss  Banks where it is safer than in tax havens with not-so-unblemished a banking record. If this explanation is correct, one could say that the government, in collusion with all other political parties (all have kept quiet about these amendments), are responsible for the spurt in Swiss deposits.

cartoon showing black money
Cartoon Showing Black money. Flickr

As mentioned in these columns earlier, if people want to look for black money, they should first demand a full fledged investigation into the agriculture income disclosures before the tax authorities during 2011 and 2012. What makes those disclosures horrifying is (a) they were larger than ever before; (b) the cumulative value of disclosures during the two years was a mind-boggling Rs 874 lakh crore (Rs 874 trillion); (c) the cumulative value  of disclosures was eight times India’s GVA for 2013, and almost 100 times the total tax collected in that year.

It can be found in the decision of the enforcement authorities of not auctioning off properties they have seized in the past – irrespective of whether they relate to the NSEL Scam or the politicians who are being investigated for corruption (on extremely narrow charges). Attachment of properties makes for big news, full of sound and fury. But the refusal to auction them off points to collusion.

It can be found in the files of scores of senior officials who were suspended, when fraud was discovered, and then reinstated when public memory died. It can also be found in the files that routinely get burnt in fires that take place at government offices – possibly aimed at making evidence disappear – especially when it comes to corrupt deals and land development scams.

Also read: Punjab’s Aam Aadmi Party and Its Political Self Goals

But these are things politicians do not like to talk about. Many of them are collusive partners in the generation of black money. Their silence in permitting the amendments to the FCRA is ample proof of their willingness to allow a cover-up. The rantings and ravings against Swiss Banks are, therefore, of no consequence. (IANS)