SC appointed SIT detects 70 thousand crore rupees black money
Supreme Court-appointed Special Investigating Team (SIT) on black money has so far unearthed black money to the tune of 70 thousand crore rupees across the country.
Speaking to media after a high-level meeting of SIT on black money, its Vice-Chairman Justice Arijit Pashayat said in Cuttack yesterday that the SIT is hopeful that the amount will rise substantially further in the coming days. Justice Pasayat also informed that the committee will submit its sixth report to the Apex court in the first week of April.
He said the SIT during the past two years has made several recommendations through its interim reports to the Apex court for the Central government to check the generation and tap the black money at the source. Justice Pasayat said, that on the SIT’s recommendation, the Government has already declared that cash transaction beyond Rs 3 lakh is to be treated as illegal and punishable. The meeting assumes significance as it was held for the first time after demonetisation undertaken by the Union government.
You might also like
The Defence Minister Manohar Parrikar has said India is ready to face any challenge while talking to media after handing over ceremony of the products developed by Defence Research Development
Minister of State for Information and Broadcasting, Col Rajyavardhan Rathore has said, his ministry has taken decisions to increase grants for Community radio stations especially for North-East, to increase grants
Nation remembers Dr Bhimrao Ramji Ambedkar, chief architect of Indian constitution, today on his 126th birth anniversary. President Pranab Mukherjee, Vice President Hamid Ansari and Prime Minister Narendra Modi paid
The Union Cabinet today cleared a proposal of the Election Commission to procure paper trail machines for use during future elections.The decision comes in the wake of growing demands from
The Urban Development Ministry has proposed a six-fold increase in reform incentive fund to over 3,000 crore rupees annually over the next three years to push implementation of various schemes
A Congress leader in Maharashtra has submitted a breach of privilege notice against State Bank of India (SBI) chairman Arundhati Bhattacharya for “insulting farmers and the House” through her remarks