NEW DELHI, May 27 � In the first decision after assuming office, the Narendra Modi government today constituted a special investigative team (SIT) headed by former Supreme Court judge MB Shah to unearth black money, reports PTI.
The SIT will be headed by former Supreme Court judge M B Shah and will include Revenue Secretary, CBI and IB directors, Enforcement Directorate official, CBDT Chairman and RBI deputy governor. Former Supreme Court judge Arijit Pasayat will be the vice-chairman of the panel.
The Supreme Court had last week granted the government one week to constitute the SIT for monitoring of all black money cases.
�In the first Cabinet of the new government...In the light of the directions of the SC, we have constituted an SIT for unearthing black money... This was an important issue for us,� Law and Telecom Minister Ravi Shankar Prasad told reporters after a one-and-a-half-hour long Cabinet meeting.
Prasad said setting up of the SIT �indicates the commitment of the new government to pursue the issue of black money.�
He said that earlier, the Supreme Court had given certain orders, but there were some delays.
�Tomorrow is the last date (for setting up of SIT), therefore the very first agenda in accordance with its policy commitment was to have this very high-profile SIT.�