27 May 2014

Pin It

PM Narendra Modi government constitutes SIT to unearth black money

PM Narendra Modi government constitutes SIT to unearth black money

The Narendra Modi government today constituted a special investigative team (SIT) to unearth black money.
Last week Supreme Court of India ordered government of India to form a special investigative team (SIT) for monitoring of all black money cases.

The SIT will be headed by former Supreme Court judge M B Shah and will include Revenue Secretary, CBI and IB directors, Enforcement Directorate official, CBDT Chairman and RBI deputy governor. Former Supreme Court judge Arijit Pasayat will be the vice-chairman of the panel.

Other members of the SIT are Director General of the Narcotics Control Bureau, Director General of Revenue Intelligence, Director of the Financial Intelligence Unit, Director of the Research and Analysis Wing and a Joint Secretary in the Central Board of Direct Taxes.

SIT has been charged with the responsibility and duties of investigation, initiation of proceedings and prosecution in cases of Hasan Ali and other matters involving unaccounted money.

The panel will have jurisdiction in cases where investigations have commenced, are pending, are awaiting to be initiated or have been completed.

The panel will have jurisdiction in cases where investigations have commenced, are pending, are awaiting to be initiated or have been completed.

The SIT will prepare a comprehensive action plan, including creation of an institutional structure that could enable the country to fight the battle against unaccounted money. It should report on the status of its work to the court from time to time

Reality views by sm –

Tuesday, May 27, 2014

Tags – Black Money SIT Narendra Modi PM Government


8 comments:

Renu May 28, 2014  

Hope it works.

DWei May 28, 2014  

Best of luck with this.

B May 28, 2014  

my best wishes .. if genuinly done then we have a treasure somewhere that can help the nation

Bikram

Destination Infinity May 28, 2014  

This is a good move. What is the point keeping money abroad and not using it? It should be brought back and put to some good use.

Destination Infinity