LALU PRASAD YADAV: Disclose names of Indians having black money abroad!

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PTI / The Hindu / NEW DELHI, July 5, 2011.

Lalu Prasad Yadav - PTI.

Rashtriya Janata Dal chief Lalu Prasad on Tuesday said the government should disclose names of all Indians who have stashed black money in foreign banks and demanded that the money be brought back to the country and “redistributed” among the poor.

“The black money stashed abroad is that belonging to the poor and the same needs to be distributed among the poor,” he told reporters here.

When asked as to how it should be distributed, Mr. Lalu said: “Let the money first come, then a policy on how to go about its distribution can be made“.

He said the Central Government should disclose the names of Indians who have stashed black money in foreign banks.

Mr. Prasad’s statement comes a day after the Supreme Court constituted a Special Investigation Team (SIT) to probe the black money issue.

Yes, people whose stash is hidden within India need not worry about the sleaze money parked abroad!

Full Story at,

http://www.thehindu.com/news/national/article2161645.ece

SAIBABA's ASSETS: Tell us what all you do, Andhra govt writes to Sai Baba Trust!

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Published: Monday, Jun 27, 2011, 21:54 IST / Place: Hyderabad | Agency: PTI / dnaindia.com.

With its activities increasingly coming under a cloud, Andhra Pradesh government today sought a detailed report from the Sri Satya Sai Central Trust (SSSCT) on a whole range of issues, including its finances.

In a letter addressed to its secretary, the state government gave 10 days time for the Trust to furnish detailed information not only in respect of the Central Trust but also the institutions and the organisations affiliated or associated with it.

The Trust secretary has also been directed to furnish details about the organisational set up of the SSSCT, list of its members, their addresses, background, contact numbers and “other relevant details” of its activities.

Full Story at,

http://www.dnaindia.com/india/report_tell-us-what-all-you-do-andhra-govt-writes-to-sai-baba-trust_1559810

Anti Corruption Movement: A Swiss window to black money the UPA won't look into!

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Ashok Dasgupta.

New Delhi: The UPA government may have gone into overdrive on the black money issue but it has so far failed to use a Swiss tax provision that will allow India to not just estimate how much money its citizens have illegally stashed away in bank accounts in Switzerland but to also earn revenue from them.

The Swiss authorities are unwilling to make these secret accounts public and will only provide foreign governments with details if they can prove an individual account is linked to illegal activity back home. This is an impossibility, since nothing is known about those accounts to begin with. However, Switzerland is prepared to share with foreign governments a portion of the tax levied on the interest that these foreign account holders earn, thereby opening a small window onto a hitherto hidden room.

The European Union was the first to seize this opportunity. Under an agreement between the EU and Switzerland that came into force in 2005, personal savings accounts held by EU nationals in Swiss banks are subject to a retention tax on interest income. Under the agreement, 75 per cent of the revenue so generated is transferred to the respective EU member state governments while the rest is allocated to Switzerland for associated expenditures. Currently, only individual personal accounts are covered, which is seen as a major drawback. The EU is now pressurising Switzerland to extend its provisions to assets other than such bank accounts also.

A very good and practical proposal.  Is UPA upto it?

Full Article at,

http://www.hindu.com/2011/06/04/stories/2011060464131400.htm