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Not all money in Swiss banks is black, claims Arun Jaitley

Union Minister Arun Jaitely on Friday, speaking about Indian money parked in Swiss banks, claimed that not all money was ?tax-evaded.
Arun Jaitely (Photo source: facebook)

Soon after Swiss central bank revealed that black money parked by Indians in Swiss banks rose by 50% in 2017, Union Minister Arun Jaitely on Friday claimed that not all money in Swiss banks was ?tax-evaded.

He assured that those possessing black money in Swiss banks would face severe punishment under the black money law. He said that as per India’s agreement with Switzerland, the latter would share all financial information about Indian account holders in January 2019. Jaitley in his blog detailed readers about The Impact of the Government Polices on Direct Tax Collections and also wrote about money in Swiss banks.

Jaitley wrote, A news item has appeared today indicating an increase of money by Indians in the Swiss banking system. This has led to misinformed reaction in certain circles raising a query whether the Government’s anti-black money steps have yielded results.

He added, Switzerland in financial disclosures was always a reluctant state. Of late it was subjected to a lot of international pressures, which favoured disclosures and Switzerland ran the risk of being a non-compliant? State by the FATF. It has, therefore, entered into several bilateral treaties for making disclosures to requesting States. It has amended its domestic laws involving all disclosures and entered into a treaty even with India and real time flow of information with regard to Indians will be made. The flow of information is starting in January, 2019. Any illegal depositor knows that it is a matter of months before his name becomes public and he will be subjected to the harsh penal provisions of the Black money law in India.

Explaining further, Jaitely wrote, Assuming this information to be correct, what does past experience show? When disclosures have been made with regard to Indians, including in the Panama Papers, certainly some of them have held illegal accounts. Indian? money outside the country is of various categories. Past investigation by CBDT have shown that this includes many held by persons of Indian origin who now hold foreign passport, monies belonging to Non-Resident Indians, as also monies belonging to resident Indians who have made legitimate investments abroad, including transfer of money under the liberalised remittance schemes. It is only monies kept by resident Indian outside these categories, which become actionable.

The first two categories are within the jurisdiction of those countries where these persons are residents and the third category can easily be checked up in India. If the deposit does not fall in any of these categories, it is per se illegal for which investigations are undertaken, arrests are made and criminal prosecutions are launched. Switzerland has taken significant efforts to get out of the image of being a tax haven and a non-compliant State. It is on the verge of making disclosures in real time and, therefore, is no longer an ideal destination for tax evaders. Those who participate in a public discourse must understand these basic facts before expressing an opinion, which may be ill-informed. To assume that all the deposits are per se tax evaded money or that Switzerland in the matter of illegal deposits is what it was decades ago, is to start on a shaky presumption, wrote Jaitely.

However, Congress President Rahul Gandhi was quick to retort after BJP claimed that not all money in Swiss banks was black. He took to his twitter handle and took a jibe at Prime Minister Narendra Modi. He wrote, ₹2014, HE said: I will bring back all the “BLACK” money in Swiss Banks & put 15 Lakhs in each Indian bank A/C. 2016, HE said: Demonetisation will cure India of “BLACK” money. 2018, HE says: 50% jump in Swiss Bank deposits by Indians, is “WHITE” money. No “BLACK” in Swiss Banks!

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Entertainment

I’m known for small and mid-budget films, so I can never enter 300 crore club: Ayushmann Khurrana

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Elina Nayak | India

Ayushmann Khurrana

Ayushmann Khurrana is back with an action drama, ‘An Action Hero’. And the trailer of the film is a promising one, a real genre-bender for Ayushmann fans. The movie also has Jaideep Ahlawat playing the lead alongside Ayushmann. So when asked to comment on how many big stars are doing two-hero films these days, Ayushmann, who has always teamed up with actors playing strong characters, said, “Be it Annu Kapoor’s character in ‘Vicky Donor, Rajkummar Rao in ‘Bareilly Ki Barfi’, Gajraj Rao in ‘Badhai Ho or Tabu in ‘Andhadhun’, all these characters were equally strong along with mine. So, I’ve never followed the trend. I work with actors who contribute to a film. Ultimately, it’s the film that’s a winner.”

Moreover, Ayushmann finds inspiration in Ajay Devgn. “I take a lot of inspiration from Ajay Devgn sir. Like in his film ‘Golmaal’, most of the punch lines were with other cast members, still he did the film. It’s important to keep your film before yourself. A good film is all about a collaboration between the actors, directors and everyone else.”

Ayushmann is one of the finest actors in Bollywood. But ask him if he ever feels the pressure of delivering hits, he said, “I always scout for fresh content. And have a tick list – like has this subject been done in Hindi cinema before? Is the subject original and pathbreaking? But once I do the film, I leave it to the audience whether to accept it or not. I want to give it my best in whatever I do. So, I don’t think I’ll ever be known for a 300 crore film. I’m known for small and mid-budget films. Hence, I can afford to take risks without pressure.”

Also read: If I’ve a genuine friendship with someone, that relationship is still labeled and that affects me: Kartik Aaryan

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National

Constitution day | Bet you didn’t know these interesting facts about the Indian Constitution

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Avani Arya | Reporter : Shamanand Tayde | Nagpur

Constitution Day is also known as “National Law Day”. It is celebrated in India on 26 November every year to commemorate the adoption of the Constitution of India. Know some interesting facts about the Indian Constitution in the video.

सभी को पता है कि India को 15 अगस्त 1947 को independence  मिली थी.साल 1949 में 26 नवंबर यानी आज ही के दिन india  का constitution  बनकर तैयार हुआ था. India का constitution  26 जनवरी 1950 से लागू किया गया था. इसके साथ ही भारत में हर साल 26 नवंबर को constitution day  मनाया जाता है. India का constitution  दुनिया के सभी constitutions को परखने के बाद बनाया गया था. इसलिए इस constitution को सबसे Important constitution कहा जाता है. 

Indian Constitution से जुड़े ऐसे कई Interesting Facts हैं, जिनके बारे में जानकर आप हैरान रह जाएंगे. भारत देश के citizen होने के नाते बच्चों से लेकर बड़ों तक, हर किसी को Constitution Of India से जुड़े ये Interesting Facts  जरूर पता होने चाहिए.

क्या आप जानते है कि  Indian Constitution  World’s Longest Constitution  है. Indian Constitution को लिखने के लिए  dr. Bhimrao Ambedkar को  Father Of Indian Constitution भी कहां जाता है.  डॉ. भीमराव आंबेडकर ने Constitution  को दो साल, 11 महीने और 18 दिनों में तैयार कर India को dedicate किया था. इसके कुछ हिस्से America, Germany , United Kingdom , Australia , Ireland , Canada  और Japan  के Constitution  से लिए गए हैं.

26 नवंबर 1949 को Indian Constituent Assembly की तरफ से इसे अपनाया गया और 26 नवंबर 1950 को इसे एक democratic government system के साथ लागू किया गया था. बाबासाहेब आंबेडकर के योगदान को याद करने और constitution के importance का प्रसार करने के लिए constitution day  मनाया जाता है. Indian Government  की ओर से पहली बार 2015 मेंconstitution day  मनाया गया. 29 अगस्त 1947 को भारत के constitution का draft  तैयार करने वाली Committee की स्थापना हुई. जिसमें chairmen  के रूप में डॉ. भीमराव अंबेडकर appoint हुए. जवाहरलाल नेहरू, डॉ राजेन्द्र प्रसाद, सरदार वल्लभ भाई पटेल, मौलाना अबुल कलाम आजाद भी इस सभा के main members  थे.

क्या आप यह जानते है कि Indian Constitution  में 448 Articles, 22 Parts, 12 schedule और 97 amendment हैं. Indian Constitution की दो copies  हाथ से लिखी गई हैं, जोकि Hindi  और English  language में हैं. इसमें किसी भी तरह की typing या print का use नहीं किया गया था. दोनों handwritten copies पर 24 जनवरी 1950 को उस समय के 284  members of parliament के सामने Signature किए गए थे. Indian Constitution को बनाते समय कई देशों के  Constitution को study किया गया था. हमारे constitution  में देश के citizens के fundamental rights, Duties
 और government machinery के बारे में Detailed Information  दी गई है. इसमें ये बताया गया है कि President, Prime Minister , Governer  और Chief Ministers  की क्या powers हैं और किस तरह से Legislature, executive और Judiciary काम करती है.

Constitution  बनने से पहले भारत में British government  की ओर से  बनाया हुआ act 1935 लागू किया जाता था. Indian Constitution के rules  के मुताबिक Republic Day के मौके पर राष्ट्रपति और Independence Day के मौके पर pm देश को addressed करते है.

तो यह थे Indian Constitution से जुड़े कुछ Interesting Facts

Script by – Shamanand Tayde

Also Read: ‘Pakistan Zindabad’ slogans raised during Rahul Gandhi led Bharat Jodo Yatra, claims Madhya Pradesh CM Shivraj Chouhan

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Politics

‘Pakistan Zindabad’ slogans raised during Rahul Gandhi led Bharat Jodo Yatra, claims Madhya Pradesh CM Shivraj Chouhan

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Avani Arya | Nagpur
“Pakistan Zindabad” slogans were being raised during Congress’ Bharat Jodo Yatra, claimed Madhya Pradesh CM Shivraj Singh Chouhan on November 25.

Madhya Pradesh CM Shivraj Chouhan, Bharat Jodo Yatra leader Rahul Gandhi

“Pakistan Zindabad” slogans were being raised during Rahul Gandhi led Bharat Jodo Yatra, claimed Madhya Pradesh CM Shivraj Singh Chouhan on November 25. He also said that he has ordered a probe into the incident.

Earlier that day, BJP leaders alleged that partakers in the Yatra shouted ‘Pakistan Zindabad’ in Khargone, Madhya Pradesh. A controversy flared up after BJP State President VD Sharma and other party leaders shared a video on social media claiming that ‘Pakistan Zindabad’ slogans were raised during the rally.

Calling it a conspiracy by the BJP against Rahul Gandhi, Congress Party denied the claims. Yatra entered Madhya Pradesh on its 77th day of the Padyatra on November 23.

Covering a total distance of  3,570 km, Congress claimed that Bharat Jodo Yatra is the longest march on foot by any Indian politician in the history of India. It started from Kanyakumari on September 7, and will end in Kashmir next year.

Also Read: Kejriwal accuses PM Modi of waving off huge loan defaulters ‘behind closed doors’

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