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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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BJP Hopeful of Getting its “First Chief Minister” in Jammu and Kashmir

Meanwhile, the BJP which shared power in the state with the PDP for three years from 2015 to 2018, did not get the top post

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BJP, Chief Minister, Jammu and Kashmir
Jammu and Kashmir has seen several Chief Ministers from Congress, National Conference and the People's Democratic Party (PDP). Flickr

The BJP is hopeful of getting its “first Chief Minister” in Jammu and Kashmir following the abrogation of Article 370 from the state two months ago, and the planned delimitation of the Assembly constituencies.

In an interview to IANS, Jammu and Kashmir Bharatiya Janata Party (BJP) chief Ravinder Raina said, “Jammu and Kashmir is a unit. And as President of BJP here, I am confident that we will have a BJP Chief Minister in Jammu and Kashmir very soon.”

Jammu and Kashmir has seen several Chief Ministers from Congress, National Conference and the People’s Democratic Party (PDP).

Meanwhile, the BJP which shared power in the state with the PDP for three years from 2015 to 2018, did not get the top post and had to accept the post of Deputy Chief Minister.

BJP, Chief Minister, Jammu and Kashmir
In an interview to IANS, Jammu and Kashmir Bharatiya Janata Party (BJP) chief Ravinder Raina said, Jammu and Kashmir is a unit. Flickr

When asked about the planned delimitation of constituencies in Jammu and Kashmir, Raina said, “The Election Commission will take a final call on the delimitation of the Assembly constituencies here.”

Raina said the poll panel will constitute a commission, which will be headed by either a retired Supreme Court or High Court judge.

The BJP leader pointed out that the commission which will be constituted for the delimitation process will follow all the standard prodecures.

The government abrogated Article 370 of the Constitution from Jammu and Kashmir on August 5 and also bifurcated the state into two union territories.

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Following the revocation of Article 370, the government has enforced a massive clampdown on communication and internet services in the state and deployed heavy security presence.

To a question over the clampdown for 60 days in the state, the state BJP chief said, “Soon after the abrogation of Article 370 the mobile connectivity and internet facility was suspended here.

“And now you are witnessing that the mobile connectivity and Wi-fi services are given a free hand and people are using those facilities here,” Raina said pointing towards the Wi-fi hotspots and connections provided to the citizens in Jammu.

Pointing towards the Kashmir valley, where only landlines connections and BSNL mobile networks are operating, he said, “In Kashmir valley too, the communication systems whether it is landline connections or BSNL mobile numbers are being operated and are given access.”

BJP, Chief Minister, Jammu and Kashmir
And as President of BJP here, I am confident that we will have a BJP Chief Minister in Jammu and Kashmir very soon. Pixabay

“But there are still apprehensions that Pakistani agents may use the internet facilities to defame and to create mess and try to instigate the youth of the country,” he said on the internet suspension in Srinagar and other districts in the Kashmir valley.

Raina further said that Pakistani elements can instigate the youth and spread venom in the society and that is why preventive measures have been taken. “But soon you shall find all internet facilities will be opened and will be given free access,” he said.

India has on several occasions accused Pakistan of sponsoring terror and allowing its land to be used for terror activities. In recent days, the Indian Army and security forces have foiled terrorists’ attempts to enter Indian territory from the Pakistan side.

On India’s semi-high speed and feature-rich Vande Bharat Express arriving in Jammu from Delhi, he said, “We are thankful to Prime Minister Narendra Modi, Home Minister Amit Shah and Railway Minister Piyush Goyal for providing the best train that is Vande Bharat Express to Jammu and Kashmir after the revocation of Article 370.

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He said “Vande Bharat Express will provide all sorts of relief to passengers that we have seen at the overcrowded railway stations of Jammu Tawi, Katra and Udhampur. It is a big gift for the people of Kashmir,” Raina added. (IANS)