Prime Minister Narendra Modi has over the last few days urged people to declare their undisclosed income by September 30 and has also highlighted the various steps taken by his government to check generation of black money in the economy, and get information on the unaccounted money stashed abroad.
We take a look at what the PM has said in the recent times on the issue of black money, including his ultimatum on declaration of undisclosed income:
> During his ‘Mann Ki Baat’ address on June 26, PM urged citizens to declare their undisclosed assets before September 30 and become part of a transparent scheme. The government has come out with a scheme to declare undisclosed income before September 30. By paying a penalty, we can free ourselves of several burdens, he said.
> Consider this as one last chance, PM said. Modi warned black money holders to take advantage of the scheme or face action.
> In an interview to Times Now, PM Modi said that the first thing his government did after coming to power was to form an SIT on black money. “We formed an SIT immediately after coming to power, the previous government had delayed it for three years, despite Supreme Court’s verdict. This lapse of three years gave people enough time to transfer their money from here to there,” he said.
> PM Modi said: Never has black money been discussed in G-20. We are signing agreements with many nations. Soon after my visit, a delegation from Switzerland came to India. They are discussing automatic information exchange for the first time.
> Mauritius was widely spoken of as route for black money. We have successfully blocked that, Modi said. We are working to make sure that black money is not generated and doesn’t move out of India, he added.