RS members find term 'black money' racist, want it changed

Image
Press Trust of India New Delhi
Last Updated : May 13 2015 | 7:13 PM IST
It may have something to do with the taint it carries, but bitter rivals Trinamool Congress and CPI(M) want the term 'black money' changed because of the hint of 'racism' in the expression.
The issue figured during a discussion on the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015, in the Rajya Sabha today.
Derek O'Brien (TMC) stressed that the term black money should be changed as "dirty money".
Tracing the history of the term 'black money' to Europe several centuries ago, he said, money then appeared in black as it was mixed with copper while minting was called as black money.
CPI(M) leader Sitaram Yechury concurred with the view of his political rival. He said the term black money was "racist" and should be replaced with some other expression.
*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: May 13 2015 | 7:13 PM IST

Next Story