1. AAP targets PM Modi over ‘measly’ black money recovery

AAP targets PM Modi over ‘measly’ black money recovery

Aam Aadmi Party today ridiculed Prime Minister Narendra Modi's "tall claims" on black money following the recovery of Rs 3,770 crore under the one-time compliance window and asked him to own up his "monumental failure" in recovering Rs 80 lakh crore, as promised.

By: | New Delhi | Published: October 2, 2015 5:35 PM
BLACK MONEY

Aam Aadmi Party today ridiculed Prime Minister Narendra Modi’s “tall claims” on black money following the recovery of Rs 3,770 crore under the one-time compliance window and asked him to own up his “monumental failure” in recovering Rs 80 lakh crore, as promised. (PTI)

Aam Aadmi Party today ridiculed Prime Minister Narendra Modi’s “tall claims” on black money following the recovery of Rs 3,770 crore under the one-time compliance window and asked him to own up his “monumental failure” in recovering Rs 80 lakh crore, as promised.

Taking a dig at Modi’s pre-poll “promise” of depositing Rs 15 lakh in every Indian’s bank account, AAP said that the NDA government should consider putting “Rs 18.62” instead due to the massive shortfall in recovery.

He referred to Modi’s Lok Sabha election campaign speeches in which he had reportedly said that black money to the tune of Rs 80 lakh crore was stashed abroad and his government would bring it back in 100 days of coming to power.

Party spokesperson Raghav Chadhha said that the government lacked “political will” to recover black money and urged Modi to acknowledge his “monumental failure” in putting Rs 15 lakh in every bank account as promised during the 2014 poll campaign.

Terming it as a “damp squib”, Chadhha sought to know the rationale behind government’s new black money law (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 when existing laws were “stringent”.

“The PM in his Independence Day speech had said Rs 6,500 crore of undisclosed foreign assets have been declared under the compliance window of the new law. During election campaign he had promised to bring back Rs 80 lakh crore stashed abroad. What explains the monumental failure in doing so?” Chadhha asked.

Chadhha said that the law is silent on domestic black money which he said makes up for more than 90 per cent of the total amount. “Only 10 per cent of the amount is stashed abroad.”

“Despite tall claims, due to lack of political will various investigating agencies are not cooperating with the SIT on black money that was set up as per the Supreme Court order,” he said.

Meanwhile, party leader Ashtosh questioned the prime minister’s silence on the Dadri lynching issue and reiterated AAP’s demand for the sacking of Union Culture Minister Mahesh Sharma.

“The PM has time to embrace (Mark) Zuckerberg in silicon valley but no time to utter a word on the Dadri incident. The country expects the PM to speak on the issue, wipe the family’s tears.

“Since PM talks of ‘sabka saath sabka vikas’, Mahesh Sharmaji has no right to continue in the Union Cabinet after all these statements. Even today he has visited the village and done politics,” he said.

  1. H
    Hemen Parekh
    Oct 3, 2015 at 9:16 am
    FROM GREED TO GREAT ? In my blog of 18th Sept , I had estimated BLACK MONEY disclosure of ( may be ) , Rs 40,000 crores , under Undisclosed Foreign Income and ets Act - 2015 That would have netted Government , Rs 24,000 Cr by way of tax / penalty I was way off the mark ! The 3 month opportunity window closed two days back , with a disclosure of Rs 3770 cr , by 638 persons , netting Govt Rs 2262 cr ! Quite like , " Digging the Mountain to find the Mouse " Now , some knowledgeable persons / organizations have estimated that the amount of BLACK MONEY stashed away domestically , could be close to, Rs 25 Lakh*Crores ! But then , man-on-the-street guesses that to be Rs 100 Lakh*Crores ! Time and again , that common man have proved the pundits wrong ! I suppose , the common man knew all along that half-hearted amnesty schemes are bound to fail , as in the past But pundits refuse to learn from their past mistakes ! They refuse to recognize that nowhere in the World , any Government has succeeded at any time to legislate the GREED away ! And fail to understand why NDA government is hesitating to harness the unlimited power of SUN - the almighty SUN OF GREED By : * Abolishing Personal Income Tax ( source of the DARKNESS of CORRUPTION ) * Stop asking any questions as to the " Source " for all cash deposits made into bank accounts opened under Jan Dhan Yojana * Levy a Bank Transaction Tax ( BTT ) of 2 % to yield revenue of Rs 15 lakh*crores , which would be 5 times the loss of revenue due to abolition of Personal Income Tax * Encourage deposits made into Jan Dhan bank accounts to be invested in SOLAR POWER SPV Farms , by direct depositing of income derived ( from of electricity to DISCOMs ) into those bank accounts - again free of Personal Income Tax ( setting in motion, a VIRTUOUS CIRCLE ! ) NDA is planning to harness 100 GW of Solar Power by 2020 If above-mentioned suggestion is implemented , India could harness 1000 GW of Solar Power by 2020 ! Just imagine what that could do to GDP / SELF-EMPLOYMENT / CLIMATE Let us harness GREED to make INDIA GREAT ! ------------------------------------------------------------------------------------- hemen parekh 02 Oct 2015 B2BmessageBlaster
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      Atul
      Oct 6, 2015 at 10:20 am
      Yes because this does not include 2 Billion $ of corrupt Sonia and the money you get from the king of S.Arabia to destabilize this country.Narendrabhai is a patriot and you are a traitor like corrupt Sonia.
      Reply

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