Electoral and Police Reforms To Follow.
Prime Minister Narendra Modi swept to power in 2014 general elections on the back of a popular wave with assurances to root out black money and clean up the entire economic system of its ills.
So he first set up a Special Investigating Team (SIT) under a Supreme Court judge to identify the sources of black money, tax havens overseas where they are parked and repatriate them back to the country. In a notional statement, much misunderstood by the people, he said if all black wealth were to be repatriated to the country, then every citizen would have Rs 13 lakhs in his bank account. The idea was to stress how much a honest tax payer had been deprived of.
In his war on black money and corruption, Modi took a series of steps starting with the passage of a legislation in 2015 for disclosure of foreign black money; initialling agreements with many countries, including the USA, add provisions for sharing banking information; a strict law enunciated in August 2016 to curb benami transactions used to deploy black money earned through corruption; and finally a scheme of declaring black money after paying a stiff penalty of some 45% that led to receipt of some Rs 60,000 crore and still counting.
Denne historien er fra December 2016-utgaven av Corporate Tycoons.
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Denne historien er fra December 2016-utgaven av Corporate Tycoons.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Kochi - A Cultural Cauldron
Kochi known for its backwaters, one can take a ferry to navigate between its various islands, just like Goa. The city, at different points in time, was inhabited by the Portuguese, Dutch and the British, which is evident when one visits the Old Kochi Fort.
Thomas Cook India Announces Subodh Bhave as a Brand Ambassador
Strategic initiative intends to maximise on strong growth opportunity of Maharashtra Market.
BJP Faces A Tough Challenge In Jharkhand
The challenge in Jharkhand appears tough for BJP in view of the assembly election results in Maharashtra and Haryana, and subsequent trouble it faced with allies.
Pride Group of Hotels Launches ‘Pride Kadamb Kunj Resort'
The resort offers 42 well-appointed rooms and 2 suites replete with all modern elements.
Essar Ports Gives Shape to GMB's Vision with Hazira PFT
The company builds terminal in record time of eight months, demonstrating Essar’s engineering and project management expertise.
Digital Skilling is Need of the Hour
Study Says 65 Percent of Organizations in India Lacking Digital Skills are at Risk of Redundancy.
WAGH BAKRI TEA: WINNING BLENDS
A century old and going strong, this Ahmedabad-headquartered company has established a taste for its teas all over India and in many countries abroad.
Della Group's Foray into India's First Military Tourism
All training at D.A.T.A. is conducted by the best team of expert trainers consisting of special forces veterans and experienced Army instructors.
Club Med Re-launches Sahoro Hokkaido Resort
The resort aims to honor local Japanese traditions, while infusing the lively and convivial essence of Club Med.
MESS in the Telecom Sector
Experts say the telecom sector has become a virtual graveyard for over 20 companies over the last two decades.
