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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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Rashtriya Swayamsevak Sangh (RSS) Now Keen to Develop Young Leaders

The first camp in this regard will be held in Jhansi

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RSS, Leaders, BJP
The RSS will be holding camps in Uttar Pradesh to discuss ways to identify and groom young leaders. Pixabay

With most senior leaders in the BJP having retired from active politics, the Rashtriya Swayamsewak Sangh (RSS) is now looking towards building a new leadership. Later this month, the RSS will be holding camps in Uttar Pradesh to discuss ways to identify and groom young leaders.

According to a senior RSS functionary in Lucknow, the first camp in this regard will be held in Jhansi, possibly on June 29 and RSS chief Mohan Bhagwat will be attending it. Another camp is scheduled to be held in Lucknow.

“After Prime Minister Narendra Modi and Union Home Minister Amit Shah, there seems to be a dearth of second rung leadership in the bhBJP. There is a need to develop leadership that will carry forward the work initiated by these two leaders.

“Rajnath Singh is a senior leader, but his age is 67. He would have crossed 70 by the time the next general elections are held in 2024. We have to identify and inculcate leadership qualities in the younger lot,” the functionary said.

RSS, Leaders, BJP
The Rashtriya Swayamsewak Sangh (RSS) is now looking towards building a new leadership. Pixabay

He further said that identifying young talent that could be groomed for greater responsibilities was a continuous process in the organisation and it never stopped.

“It is not a sudden decision but the RSS leadership always has a vision for the future and thinks ahead. We keep finding young people with leadership skills,” the functionary added.

Earlier this month, the RSS chief had underlined the need for checking misuse of power at a four-day camp that he addressed in Kanpur.

“Those getting elected in a democratic set-up have immense power, but this does not mean that it should be misused. If the government falters at any point of time, the Sangh will give it advice and suggestions with a positive point of view,” he had said.

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The RSS chief had also discussed the topics of nationalism, social equality and service in his interaction with over 600 volunteers. He also focused on qualitative development of the Sangh volunteers and apprised them of his views on dedication towards society.

The RSS leadership is also expected to come to Lucknow for a separate camp at the end of this month. In Lucknow, the RSS leaders will pay homage to senior journalist Rajnath Singh Surya, who passed away earlier this month. Surya was also a senior RSS functionary.

Officially, however, the RSS office bearers said that they had yet to receive any programme of Bhagwat and said that such camps were a ‘routine affair’. (IANS)