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Govt to unveil strategy on black money tomorrow

By The Assam Tribune
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NEW DELHI, Jan 24 (PTI) - Under attack from the Supreme Court and the Opposition over stashing of large amount of money in Swiss banks and other tax havens, the government will unveil its strategy to deal with the issue tomorrow.

Finance Minister Pranab Mukherjee will announce the measures the UPA government intends to take to bring back the unaccounted money into the country and tighten the regulatory and tax framework to prevent further illegal outflows.

"Finance Minister will hold a press conference on the issues related to black money tomorrow," Finance Ministry spokesman said.

The Supreme Court had pulled up the government for withholding information on black money stashed in foreign banks, saying it is not just limited to tax evasion but a "mind boggling crime" amounting to "theft" and "plunder" of national wealth having security ramifications.

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Govt to unveil strategy on black money tomorrow

NEW DELHI, Jan 24 (PTI) - Under attack from the Supreme Court and the Opposition over stashing of large amount of money in Swiss banks and other tax havens, the government will unveil its strategy to deal with the issue tomorrow.

Finance Minister Pranab Mukherjee will announce the measures the UPA government intends to take to bring back the unaccounted money into the country and tighten the regulatory and tax framework to prevent further illegal outflows.

"Finance Minister will hold a press conference on the issues related to black money tomorrow," Finance Ministry spokesman said.

The Supreme Court had pulled up the government for withholding information on black money stashed in foreign banks, saying it is not just limited to tax evasion but a "mind boggling crime" amounting to "theft" and "plunder" of national wealth having security ramifications.

More in Entertainment
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