Saturday, June 19, 2021
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Retrieving black money

The learned Supreme Court has now obtained the list of foreign account holders from the Government of India and has handed over the same to the Special Investigation Team (SIT) constituted by it. If the SIT is able to conduct an amicable probe its officials work will get applauded. On the other hand, if they fail to perform their task efficiently then the Supreme Court can send a notice to them. However, officials will claim that they are doing their job to the best of their abilities. The government has rights to promote, demote, reward and punish the SIT personnel. Thus our SIT officers should work efficiently so that black money is unearthed let us say once in a year. Meanwhile, the Special Investigation Team (SIT) constituted by the Supreme Court to monitor the probe into untaxed money stashed in foreign bank accounts has invited information from the public. The panel, which includes retired judges and regulators, will release an email id where anyone can give information, reports say.

If the black money is retrieved then it should be spent towards the development of the nation instead of holding oath taking ceremonies. Steps must be taken by the government to curtail the expenditure which will enable it to control the mounting fiscal deficit. A day will come when our leaders will take oath in an aeroplane accompanied by several others. I fail to understand what is the role of film stars in oath taking ceremony? Sardar Vallabbhai Patel never took oath in this manner. From where will the money come for holding such extravagant ceremonies? Will it promote good governance in any way?

The court set a deadline of March next year to complete investigations into whether these account holders have violated tax laws. The court said the list will be given to the top officials of the SIT.

We are not paying attention to groundwork and are indulging in too much of showoff. On one hand, the nation requires money for development and on the other hand the government has organized a massive oath taking ceremony which will be telecast. We still have a gentleman occupying chair in the UPSC who wanted the essay written by her daughter to be checked by Janab Qureshi saheb. On another occasion, he asks him to bring a shirt for him. I have spent half of my life abroad but all my shirts are made in India. The best clothes you can buy is manufactured in our nation.

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