Wednesday, January 14, 2015

Need to curb the sources of black money at home - AIPA writes to PM Modi


1.     Hon’ble Sh. Narendra Modi
Prime Minister of India
7, Race Course Road, Raisina Hill
New Delhi-110001

2.     Hon’ble Sh. Najeeb Jung
Lieutenant Governor of Delhi
Raj Niwas, Raj Niwas Marg
Civil Lines,
New Delhi-110054

January 14, 2015

Subject: Need to curb the sources of black money at home


Over the past few months of your government’s tenure, it has been observed that your government has been deeply anxious to bring back the black money stacked in the Swiss Bank. However, little success has been achieved in this direction so far. As per leading newspaper reports, the government is finding it difficult to even assess the amount of India’s black money stacked in foreign banks.

However, it is a matter of great surprise that while the ongoing private unaided school-admission process in Delhi is generating hundreds of crores of rupees in the form of ‘donations’ and capitation fee, which are not only black money but also qualify as proceeds of crime, in terms of the prohibition contained in Section 13 of the RTE Act, 2009, this issue has hardly received any attention of your government.

If the quantum of black money so generated by private unaided schools across the country in the last 10 years is assessed, we are sure that it will far surpass all the governmental estimates of black money stacked in foreign banks. While the government does not have any control over the black money abroad, it surely has all the requisite machinery to check this source of black money-generation at home.

We, therefore, urge the government to divert some of its attention to this direction.


Ashok Agarwal, Advocate
National President, AIPA

M: 9811101923

No comments: