The Narendra Modi government, which came under tremendous attack from opposition parties on black money issue in Parliament and outside, sought to give a new twist to the raging debate and said there was "a weakness in law" to bring the money stashed overseas.
"I admit that there is a weakness in law. If the black money stashed abroad has to come, how will it come? Even the SIT is worried about this," the Finance Minister Mr Arun Jaitley said in his reply to the marathon two-day debate on the politically sensitive issue in Lok Sabha.
In the debate marked by allegations and
counter allegations and wherein BJP members linked black money to the hyped
Saradha chit fund scam in West Bengal , the
Finance Minister, however, explained this does not mean information will never
come out. "..... but how it will come out, we will file cases
and in a court, information can become public. If we make it public
before that, it is violation of that treaty".
Mr Jaitley was responding to
repeated but pointed questions as to how soon the black money could be brought
back. The opposition members like M. Kharge (Congress) and Sudip Bandyopadhyay
(TMC) more than once asked FM to reply as to how could the money be brought
back.
They alleged that the BJP-led
dispensation has failed to keep the electoral promise that within 100 days of
its coming to power the black money would be brought back. The Parliamentary
Affairs Minister M Venkaiah Naidu strongly contended that the BJP never made
such promise and quoted BJP-Election Manifesto to strengthen his argument that
the saffron party's only pledge was to "initiate concrete steps" in
getting the money from abroad and book the culprits.
Members of Congress and Trinamul Congress staged a walkout saying
they were not satisfied with the FM's reply. Similar walkout was marked earlier during Rajya Sabha debate on previous day too.
Before walking out of Lok Sabha, Leader of Congress in the House
Malllikarjun Kharge said he was "dissatisfied" as
the Finance Minister was only talking about procedural matters
which he had already stated and which even the UPA regime used to point
out.
Prior to that FM told Kharge, "The same court instruction
applied to the UPA regime, for 3 years you did not act on a court order of 2011
till May 2014. .....you never wanted to make a SIT".
Mr Kharge had said the government must tender an apology for
making false promise of bringing back the money in 100 days. "You knew the
money cannot come still you misled the country," Kharge said attributing
to PM Narendra Modi's pre-election speeches across the country.
The FM said the government is moving in
the right direction and no stone will be left unturned to bring back the black
money.
"We will make all efforts... whatever
time is required and till we get onto the last account holder.....I am
confident we will bring back the black money," Jaitley said.
He said with an aim of improving the
environment for investments, the government is taking steps to ensure a
"tax friendly regime" to correct the country's image which had
become "bad" over the years. "Our tax system has to be
friendly with tax payers and that is what we are trying to do step by
step," he said.
Referring to the issue of confidentiality of information in the treaties signed with various countries, he said Indian laws should be in harmony with international jurisprudence. The Minister said if India does not sign the proposed Foreign Account Tax Compliance Act (FATCA) of the US, then remittances would be subject to 30 per cent withholding tax and India will not get information from the US or other countries signing the agreement.
Tail Piece: Black Money = Black Umbrellas= Black shawls
The BJP and Trinamul Congress members debated over Saradha chit fund scam raucously in the lower House of Parliament
with the saffron party MP, Mr Anurag Thakur alleging that those who “earned
black money” come to Parliament with “black umbrellas only to mislead people”.
Participating in
the debate on Black Money, Thakur attacked Trinamul Congress, who has
been at the vanguard of attack against government on black money, and
said before discussing the black money abroad, one should also first talk about
what is happening within the country.
“CBI will bring out
the truth….we are waiting for the day,” he said referring to various charges on
the Saradha Ponzi scam against ministers in West Bengal
government. He also raked up the issue of exorbitant price paid for Mamata
Banerjee’s paintings and wondered, “why her paintings did not sell so costly
earlier”.
“Why the Chief
Minister (Mamata) had ordered that all schools and libraries in Bengal should have the newspapers from a particular
group,” he said.
TMC floor leader Sudip Bandyopadhyay challenged Thakur
for an exclusive debate on Saradha scandal and said the BJP member could give a
separate notice for such a debate.
"You must not forget Sardha owner
(Sudipto Sen) was arrested by Mamata Banaerjee (Bengal police) from Kashmir ,” he said. (ends)
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