We cannot bring back black money: BJP lawmaker

Tags: News
"We will not be able to bring back black money from Switzerland in our lifetime," a BJP member said in the Lok Sabha today.

Nishikant Dubey, MP from Godda in Jharkhand, made the remark while participating in the debate on Finance Bill.

Dubey, who was the first member from the Treasury benches to speak on the issue, said "we will not be able to bring back black money from Switzerland in our lifetime. We cannot bring it back because people have formed trusts. Citizens of Switzerland are employees who hold the trust.

"When you ask for money and names, you will seek names of Indians. There is no question of asking the name of the trustees. And if we don't then how will we get back black money from Switzerland," he said.

M Thambidurai (AIADMK) said if black money stashed abroad is brought back, then India will not require FDI as it will have enough funds to take forward its projects.

In the run-up to the Lok Sabha elections, Narendra Modi had repeatedly said if the BJP comes to power, the party will bring back black money stashed abroad.

EDITORIAL OF THE DAY

  • Do we need a new yardstick to gauge our prosperity?

    While we in India are trying to clear the cobwebs of confusion about how best to calculate gross domestic product (GDP) growth statistics, at the best

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Susan Visvanathan

A world that is constantly at war

THE 19th century posed specific problems to theorists about how ...

Rajgopal Nidamboor

Let’s find the power within & transform

It goes without saying that we are in the midst ...

Shona Adhikari

Masterpieces on the auction block

A rather important auction of 20th century Indian art by ...