Wednesday, January 26, 2011


  1. SC pulls up Govt. on black money issue – by Dhananjay Mahapatra, TNN, Jan 19, 2011,
12.29 pm IST.
2.       Legalities stop us from disclosing black money information: Pranab – by PTI, Jan25, 2011, 01.43 pm IST.

It is known to all that the issue of ‘black money’ has caused a headache to Congress led UPA Government.  So far it could not resolve the strategy to face the opposition in budget session. The CWG scam temporarily evaded with the shield of Suresh Kalmadi.  Maharastra C.M. had to resign from his post In Adarsha Housing Society scam to give a breath to his party. But 2G Spectrum scam have made a jolt. The matter was not settled by the resignation of the minister of ally DMK. Opposition parties not gave up the demand of JPC yet. The flaw in the economic policy made the price escalation of onion and other eatables. It is quite sure, the comment of SC on discloser the facts of foreign bank account is another punch for UPA.    
The term ‘black money’ is familiar to us. It generates from illegal practices to evade tax. So it can be inferred that the beneficiaries of those scams, as referred above, are the recipients of ‘black money’ which has kept in their Swiss and German bank accounts in secret names. It is a matter of prestige for the reach Indians to operate secret bank accounts in Swiss banks followed by corrupt bureaucrats and politicians. As per a recent report, approximately $1,456 BILLION is posses by Indians. But the government had no urge to enact any law to recover the money from foreign secret bank account. It is true that due to international pressure, the Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it.  But the Indian government is not asking for the details, on the contrary expressing its inability for ‘Legalities’.   

But it is a real fix, when Mr Pranab Mukherjee raised the plea of ‘legalities’; SC  said the government was wrong in treating black money as a tax issue when it was simple and pure theft of the Indian economy. “It is a pure and simple theft of the national money. We are talking about mind-boggling crime. We are not on the niceties of various treaties," remarked a bench comprising justices B Sudershan Reddy and S S Nijjar. Do we believe that statement of Mr. Mukherjee is more convincing to the country men, except his party followers, than the findings of SC? AT present he is the only face to defend all scandals of government. Has he enough confidence to say that none of his party hierarchy or ministers and partners of the UPA, except Dr. Manmohan Singh, has no account in Swiss or German banks under scan? 

The same statement should come from every political party. If there is a political will to unearth the truth, it will be easier to find out the modalities to recover black money and disclose the name of offenders.       

1 comment:

  1. This phenomenon was in existence, and it is as well as it will remain.
    Mother nature will take care. The root of it is ambition or in low level word it is greediness. This is also a quality of nature and built inborn.
    This is a prime mover for life as well as for its death.
    Our ancestors said "Artha is the root cause of Anartha". Hence Dont worry on black money.
    A revolutionary Change is on the way to set set the things in equilibrium.

    (KK Debnath,Ph.D)