Govt to engage with foreign nations to get back black money

Tags: black money, News
Expressing India's determination to deal with the menace of black money, President Pranab Mukherjee today said the Narendra Modi government will engage with foreign countries to bring back the ill-gotten money stashed abroad.

"My government is determined to rid the country of the scourge of corruption and the menace of black money. As a first step in this direction, the government has already constituted a SIT to unearth black money stashed abroad.

"This will be followed up vigorously by proactively engaging with foreign governments," Mukherjee said in his address to Parliament outlining the priorities of the new government.

On its first day in office, the Union Cabinet headed by Prime Minister Narendra Modi constituted a special investigative team to unearth illicit money, including in the case involving Hasan Ali.

Under the chairmanship of M B Shah, SIT had its first meeting on June 2. The other members of the team comprised of another retired Supreme Court judge Arijit Pasayat as vice-chairman, Revenue Secretary, directors of CBI, IB, RAW and ED, the CBDT Chairman and an RBI deputy governor.

The panel has jurisdiction in cases where investigations have commenced, are pending, are waiting to be initiated or have been completed.

Mukherjee in his address also said that the government will provide a clean and efficient administration focussed on delivery.

"The institution of Lok Pal is important to curb corruption and my government will endeavour to formulate rules in conformity with the Act. My government will take steps to build the confidence and morale of our bureaucracy; enabling it with the freedom to work, and welcoming innovative ideas," he said.

The government, Mukherjee said, will endeavour to put in place transparent systems and timebound delivery of government services.

"Government systems and processes will be revisited to make them citizen friendly, corruption free and accountable. Efforts will be made to eliminate obsolete laws, regulations, administrative structures and practices," he said.

The President also said that the government will pursue convergence and rationalisation of various ministries.

"Rationalisation and convergence among Ministries, Departments and other arms of the government will be ensured to have focussed delivery. Digitisation of government records will be done for improving accessibility," he added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Changes to FDI investment norms for housing look cosmetic

    The policy measures announced on Wednesday for facilitating greater participation of foreign direct investment (FDI) in the real estate sector do not

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Energy conservation through feedback

In households across the world, people use electric energy not ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture