There was so much ruckus about black money when BJP was in opposition. How much have they brought back?

Answer by Tushar Patel:

Work in progress Below are steps taken to bring black money by govt.

  1. Black money: 121 cases against HSBC account holders
  • Out  of the said 628 people, 200 were either non-residents or non-traceable,  leaving 428 cases to be actionable for tax sleuths to probe.
  • For these 428 actionable cases, the government had said, the net amount of peak balance was about Rs. 4,500 crore

Cabinet approves refurbished anti-corruption law

  • The  Penal provisions have been increased from minimum 6 months to at least 3  years in jail and maximum sentence has been increased to 7 years
  • All  corruption trials will be completed within 2 years and provide for more  stringent punishment for the offences of bribery, both for the bribe  giver and the bribe taker

3 Black  money: ED freezes properties worth Rs 9,003 crore, files 173  chargesheets | Latest News & Updates at Daily News & Analysis

  • The  agency, as part of its efforts to crack down on illicit funds in India  and abroad, in the last year registered a mammoth 400 per cent rise in  the numbers of assets attached, over 500 per cent increase in the number  of criminal
  • In a major action against black money  hoarders and money launderers, the Enforcement Directorate (ED) has  attached assets to the tune of Rs 9,003 crore and filed 173 charge  sheets in the financial year 2014-15
  • A report prepared in  this regard, also accessed by PTI, has been submitted to the Special  Investigation Team (SIT) on black money and the Finance Ministry.

Indian money in Swiss banks falls by over 10 per cent to Rs 12,615 crore

Indian money in Swiss banks falls by over 10 per cent to Rs 12,615 crore

There was so much ruckus about black money when BJP was in opposition. How much have they brought back?

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