The Centre has served notices to 17 persons relating to the foreign Banks black money trail. Finance Minister Pranab Mukherjee said in Kolkata today the details can be revealed in the open court when the matter comes for hearing. He said the prosecution had begun but it is not possible to reveal their names at this time.AIR correspondent reports the Centre has launched a five-pronged strategy to combat the menace of illicit funds generated by tax evasion and corruption.It maintains that double taxation avoidance agreement and the tax information exchange agreements are the two instruments under which information on illicit funds could be obtained from the severance government and other tax heaven jurisdiction.An undisclosed income of Rs 15,000 crore has been detected in the last 18 months by the Income tax authorities. Apart from this over RS 3,400 crore have been collected by the Directorate of International Taxation.Meanwhile, BJP has welcomed the possibility of resumption of Foreign Secretary level dialogue between India and Pakistan. The Foreign Secretaries of the two countries are expected to meet on the sidelines of the SAARC Summit in Thimpu, Bhutan. Talking to reporters in New Delhi today, BJP Spokesperson Tarun Vijay said that the party is in favour of continuing dialogue with Islamabad despite Pakistan not taking any tangible step to bring the perpetrators of Mumbai 26/11 carnage to justice.
News On AIR | February 5, 2011 5:17 PM
Govt notice to 17 in black money case