January 16, 2020
However, due to the wrong policies of previous government
BJP president Amit Shah on Saturday said the Narendra Modi-led dispensation is
working towards eradicating unemployment through its holistic and
multi-dimensional policies as the country had an "army China
aluminum Telescopic ladder BJP president Amit Shah on Saturday said the
Narendra Modi-led dispensation is working towards eradicating unemployment
through its holistic and multi-dimensional policies as the country had an "army
of unemployed youth†during the previous UPA government.
However, due to the
wrong policies of previous government, it had an army of unemployed youth, and
it was becoming a liability for the country,†Mr Shah said.. He said before the
present NDA rule India was trapped in uncertainty for 30 years, and after all
these years, the Modi government, which got complete mandate, is working towards
resurrection of the nation. However, the farming sector is not profitable and
that is why to lessen the dependency on farming, the Skill India, Stand Up
India, Start up India schemes were launched."All these schemes are directly
related to the ‘Make In India’ initiative, which is being instrumental in
eradicating unemployment,†said Mr Shah.Mr Shah was addressing a convention here
of Pramod Mahajan Skill and Entrepreneurship Mission, a state government
initiative on the lines of the Centre’s ‘Skill India’."We are fortunate that
India is full of youth. "Today, majority of people are dependent on
agriculture."However, the Narendra Modi government brought holistic and
multi-dimensional policies such as ‘Skill India’, ‘Mudra Bank’, ‘Start-Up India’
and ‘Stand-up India’ in last two years and has been working towards eradication
of unemployment,†he said
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January 06, 2020
He said global initiatives to deal with the menace of unaccounted
The special investigation team on black money also said it will thoroughly
investigate the "Panama Papersâ€, the reported secret list that was exposed by
the International Consortium of Investigative Journalists, in collaboration with
several publications across the globe, and pertains to offshore investments by a
number of individuals and companies. (Photo: PTI) 500 Indian names on list;
Jaitley warns ‘adventurism will be costly’Prime Minister Narendra Modi on Monday
directed the setting up of a special multi-agency group to probe and take action
in the light of reports that some 500 Indians, including top filmstars,
politicians and businessmen, had allegedly stashed money in offshore entities in
tax havens. "Also, the concealment penalty of Rs 1,213 crores has been levied in
157 cases.
Last year, during the 90-day compliance window that ended on September
30, the government had received disclosures of undeclared overseas wealth
totalling Rs 4,147 crores. "With G20 initiatives, FATCA and bilateral
transactions in place with effect from 2017, the world is going to be a far more
transparent institution and therefore this kind of an adventurism will prove to
be extremely costly for those who have indulged in it,†said Mr Jaitley. Today
when I see contrarian reports appearing (in the media), which are not only
impacting India.
He said global initiatives to deal with the menace of
unaccounted wealth abroad will be in place by 2017, and then it would become
extremely difficult for individuals to hide assets. but probably some didn’t...
which are impacting the rest of the world.He said in the past too, based on
investigative journalism by ICIJ in 2013, in which the links of 700 Indians were
shown to have business connections with offshore entities, the department of
revenue was able to identify 434 among them as Indian residents. "Out of the
list, 569 persons have been traced.Based on prosecution complaints of predicate
offences, the ED has also initiated investigations in 23 HSBC cases and 20 cases
of the ICIJ expose of 2013, he added. Mr Jaitley said he expected more names to
crop up over the next few days.
500 Indian names on list; Jaitley warns
‘adventurism will be costly’ Prime Minister Narendra Modi. Although, in the
previous report of the ICIJ, information relating to financial transactions/
bank accounts was not available, government authorities have aluminum
Telescopic ladder detected credit in the undisclosed foreign accounts of
such Indian persons in excess of Rs 2,000 crores. 52 prosecution complaints
under the provision of the Income-Tax Act have been filed against offenders so
far,†added Mr Jaitley. "Some 184 persons out of these have also admitted their
relationship with such offshore entities/transactions.. Of the remaining cases,
assessments had been completed in 390 cases, in which undisclosed income of Rs
5,018 crores and tax demands of Rs 4,584 crores had been raised. Out of the 628,
214 were found not actionable on account of no balance or being non-residents or
being non-traceable,†the finance minister said.He said similarly, in response
to information received in 2011 from France relating to bank accounts of 628
Indian persons in HSBC, Switzerland, a lot of progress had been made in the
investigation.
The government will take all necessary action as required to get
the maximum information from all sources, including from foreign governments, to
help in the investigation process,†the finance minister said. Mr Jaitley said
the PM had directed strict action should be taken against whoever was found
guilty of violating Indian laws."The compliance window operated (and) many
availed.The finance minister said those who did not take advantage of the
compliance window last year to declare illegal assets overseas will find "such
adventurism extremely costlyâ€. Also, 154 prosecution complaints have been filed
in HSBC cases,†said Mr Jaitley.He said the group will monitor the flow of
information in each one of the cases and inform the PM and the finance ministry.
Those wanting to come clean were required to pay 30 per cent tax and 30 per cent
penalty. I think it is a stern reminder to all of us,†said Mr Jaitley.
However,
in the information received, the details of HSBC amounts were shown against 339
persons.."As per the directions of the Prime Minister given today, a special
multi-agency group is being constituted today consisting of officers from the
investigative Unit of the Central Board Direct Taxes, the Financial Intelligence
Unit and the Foreign Tax and Tax Research Division and a representative of the
Reserve Bank,†finance minister Arun Jaitley said after a meeting with the Prime
Minister
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