Black money: Modi govt toes line of UPA; tells SC it can’t disclose names

 

New Delhi: The Narendra Modi government, which promised to bring back black MONEYstashed by Indians in foreign banks, Friday toed the line of UPA regime by informing the Supreme Court that it cannot disclose such details given by countries with which India has double taxation avoidance agreement (DTAA).

In an application with annexures running into about 800 pages, the Centre contended that it cannot disclose all information as the foreign countries, with which India has double taxation avoidance agreement, have objected to making them public.

 

In the run-up to the Lok Sabha polls, BJP spearheaded by Narendra Modi had promised to bring back black MONEY kept by Indians in overseas bank and slammed UPA government for not taking effective action and accusing it of shielding the corrupt. After assuming power in May, the Modi government had pledged to fulfil its pre-poll promise.

Expressing reservation on disclosing all information on account holders, the government said that the foreign countries may not give further information and it would also be difficult to get into DTAA with other nations.