'Modi cheated people; NDA followed UPA in SC on black money'

Image
Press Trust of India Bhopal
Last Updated : Nov 15 2014 | 9:06 PM IST
Congress today accused Prime Minister Narendra Modi of "cheating" people on the black money issue, and said though he had made tall claims on repatriating the ill-gotten money in the run-up to elections the NDA government is doing a flip-flop after assuming power.
"Why Modi has cheated people on the issue of black money? The government has no idea about the amount of money stashed in foreign banks.
"But in the run-up to Lok Sabha polls, while a yoga guru claimed that Rs 400 lakh crore were deposited outside the country, Modi talked about Rs 70 lakh crore," Congress General Secretary Digvijay Singh said when asked about Modi raising the issue of black money in Brisbane, Australia.
"They should explain from where they have got these figures," he said.
Modi, who is attending G-20 Summit in Australia, today said that repatriation of black money kept abroad is a "priority" for his government, as he sought close global coordination to achieve this objective.
The prime minister raised the black money issue at an informal meeting of leaders of the five-nation BRICS bloc.
"Modi said that he would ensure that every citizen get Rs 3 lakh when black money is brought back to the country, but now the government told the Supreme Court that it has no idea about the figure and took the (same) stand that the Congress -led UPA government had taken in the apex court.
"I am also a member of the Finance Committee and the Secretary of Revenue had informed me that three committees that were constituted earlier have submitted their report on the issue," Singh, who is also a Rajya Sabha member, said.
"They (government) said they will examine the report which will take six months for evaluating the exact figure that was stashed in foreign banks. Besides, government will also have to define (what constitutes) black money as only that money which had been earned through criminal means falls under the definition of black money," he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 15 2014 | 9:06 PM IST

Next Story