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Modi cocks gun and takes aim at illicit money

June 1, 2014

Newly elected prime minister Narendra Modi is reportedly putting the finishing touches on a new framework to tackle illicit money in India. While some of the new task force’s work will probably be geared toward ferretting out money allegedly stashed in Swiss bank accounts by political opponents, their objectives will also include the detection of hawala and terrorist financing.

Illicit money has been flowing into India from Kashmir and Pakistan for years under the Congress party’s nose. Modi’s BJP party must act as quickly as possible in order to begin reversing that.

Thanks to Sumon Chakraborty for sending this in from India Today:

Black money: Modi’s task force is almost ready

It could be the first big step from PM-designate Narendra Modi to bring back black money stashed abroad.

Sources in central agencies tell Indiatoday.in that a framework for a new task force to deal with black money has been prepared.

“Under the directions of senior officials of Department of Revenue, this task force has been created. It will be headed by the Financial Intelligence Unit,” said an official, requesting anonymity.

Central agencies such as the Enforcement Directorate, the Income Tax Department and Directorate of Revenue Intelligence are the members of the task force.

The task force will deal with black money derived from corruption, money laundering, hawala, terrorist financing or through off-shoring of wealth via tax havens.

2 comments

  1. Here is a plan to stop generating BlackMoney from within – http://deshbachao.wordpress.com/2014/01/12/five-year-plan-to-reach-zero-income-tax-and-zero-black-money/


  2. Abdullahs’ ‘secularism’ will destroy India

    But the political situation in Kashmir Valley has changed to an extent in the aftermath of the developments which unfolded on and after May 16, including the elevation of Narendra Modi to the position of Prime Minister and virtual political extinction of the National Conference and the Congress in Jammu, Kashmir and Ladakh. The people of Kashmir Valley have realised that the time for the ruling coalition in the State and at the Centre is up and it would be only politically prudent for them to adopt a soft approach towards the BJP. In fact, a number of educated and other Muslims in the Valley have already started coming forward to support the BJP and the Government of Narendra Modi.

    All this should serve to indicate that the situation in Jammu & Kashmir is changing and at an appreciable pace and that it would not be surprising if the BJP achieves its Mission 44+. If the BJP could increase its tally from two in 1984 to 282 in 2014, why can’t it achieve its stated goal, particularly at a time when the democratic and impartial BJP is in the driver’s seat in New Delhi and many regional satraps are trying to cultivate the BJP Government? Nothing is impossible considering the unfolding developments and the fact that many Muslims voted for the BJP, not only in Gujarat but also in UP, Bihar, MP, Delhi, Rajasthan, Jammu, Ladakh and so on. In sum, it can be said that Jammu & Kashmir, like Haryana, Delhi and Maharashtra, is on the top of the BJP’s political agenda and that the positive attitude of the national and local BJP leadership would surely induce many Kashmiri Muslims to join the BJP or support it in the upcoming Assembly election in the State.



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