Direct link to scholarships offered by  Govt. of India

List of Private NGOs offering scholarships

Abu Marwan Abdal Malik Ibn Zuhr: ‘Avenzoar’

Abu Marwan Abdal Malik Ibn Zuhr, known in the west as Avenzoar, was

Ummid Assistant

Delhi University launches web chat facility for admission seekers

Welcome Guest! You are here: Home » National

Considering nationalising black money: Government to Ramdev

Friday June 03, 2011 11:08:04 PM, WAM

Related Articles

Ramdev to begin fast Saturday as talks fail

Yoga guru Baba Ramdev Friday declared he was going ahead with his hunger strike against corruption and black money from Saturday   »

RSS behind Baba Ramdev's fast, says Digvijay Singh

Thousands come, drawn to Ramdev more than his cause

PM meets president, discusses Ramdev's proposed hunger strike

New Delhi: After failing to stop Baba Ramdev from going ahead with his mass hunger strike against corruption in India, the government Friday night assured him that it was considering to declare as "national asset" the black money stashed in foreign banks - a key demand the yoga guru has raised.

In a late evening press statement following a failed marathon meeting between senior ministers and Ramdev, the government said a committee was already in place to suggest how to strengthen existing laws relating to black money.

"The committee will examine the measures to strengthen the existing legal and administrative framework to deal with the menace of generation of black money through illegal means," it said.

Among other things, the panel is examining the demand of "declaring wealth generated illegally as national asset; amend laws to confiscate and recover such assets; and providing for exemplary punishment against its perpetrators," the statement said.

In a point-by-point response to the demands Ramdev has raised, the statement from Prime Minister Manmohan Singh's office said the maximum punishment against corrupt would be "substantially increased".

But it was silent on Ramdev's demand that those who indulge in graft should be hanged to death.

It said the government "is open to the idea of more special courts to speed up trial of corruption cases".

On the demand to enact public services delivery legislation, the statement said the government was prepared to introduce the bill in parliament "at the earliest". "The central government will encourage states to adopt the model bill to improve the quality and timeliness of public service delivery."

On the contentious issue of land acquisition, the government said it was "committed to wide public consultations on the amendments to the act" related to the issue.

The statement dwelt extensively on the black money issue and said the legal framework was being regulated by the Reserve Bank of India for the opening of bank accounts overseas by Indian residents.

It also said that ill gotten wealth stashed abroad could be recovered through Mutual Legal Assistance Treaty -- which India has already signed with 26 countries.

"In the last two years, over Rs.33,000 crore of mispricing has been detected in international trade and over Rs.30,000 crore of tax evasion detected at home.





 


 

 

  Bookmark and Share                                          Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

 

 

 

Top Stories

Ramdev to begin fast Saturday as talks fail

Yoga guru Baba Ramdev Friday declared he was going ahead with his hunger strike against corruption and black money from Saturday   »

RSS behind Baba Ramdev's fast, says Digvijay Singh

Thousands come, drawn to Ramdev more than his cause

PM meets president, discusses Ramdev's proposed hunger strike

 

  Most Read

At least 25 dead, Syria demonstrators reach capital; Total internet blackout

Syrian security forces shot dead at least 25 people while dispersing tens of thousands of demonstrators in the central city of Hama today, activists said, as anti-regime  »

Yemeni President wounded in shelling on presidential palace in Sana'a

Yemeni President Ali Abdullah Saleh and several high-ranking officials suffered injuries in shelling on the presidential palace in Sana'a Friday, Xinhua quoted a security official as saying. Saleh was slightly injured while Yemeni Prime Minister Ali Mujawar, Deputy Prime Minister  »

 

  News Pick

India, Pakistan need more time to resolve Siachen dispute: Antony

With India and Pakistan agreeing to continue their talks on the Siachen Glacier, Defence Minister A.K. Antony Friday said both  »

Mamata effect: Salaries on 1st, clean-up drives in hospitals

Suparna Nag couldn't believe her eyes when she updated her bank passbook on June 1. In her 15 years of career as a teacher in West Bengal, it was the first time that she got her salary on time, and that too just   »

Tamil Nadu announces freebies, welfare schemes

Tamil Nadu Governor S.S. Barnala Friday announced a slew of welfare measures, including free laptops, green housing scheme for poor and direct crediting  »

Tamil Nadu to 'nationalise' cable TV

Omani nationals walk 250 km for drug abuse awareness

Two young Omani nationals in a bid to create awareness on drug abuse in the country have walked a distance of 250 km. Khamis al Hatali and Helmi al Kindy were supported in their endeavour by the Al Hayat Association, an  »

Sukanya Roy wins America's coveted spelling bee crown

Spelling tongue twister "cymotrichous", Greek for having wavy hair, Indian American Sukanya Roy has won the 2011 Scripps National  »

 

Picture of the Day

The Prime Minister, Dr. Manmohan Singh addressing the Joint Session of Ethiopian Parliament, in Addis Ababa, Ethiopia on May 26, 2011.

 

 
 
 
 
 

RSS  |  Contact us

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Religion

RSS

Scholarships

About us

International

Culture

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

     

Education

       

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2010 Awaz Multimedia & Publications. All rights reserved.