Skip to main content

Black money: Govt of India refuses info about action on whistleblower's expose of unaccounted money in HSBC

Falciani
By Our Representative
Yet another instance has come to light suggesting the Government of India isn’t keen on sharing information on black money. The Ministry of Finance has lately refused to part with official information on action taken following former Geneva-based HSBC Bank employee and whistleblower Herve Falciani’s leaked information on account holders who had stashed away black money in the bank.
A Right to Information (RTI) plea by senior activist of New Delhi-based advocacy group, Commonwealth Human Rights Initiative (CHRI), Venkatesh Nayak, had sought information, more than a month ago, copy of the letter reportedly written by Falciani to the Chairman, Special Investigation Team (SIT), constituted following a Supreme Court order of 2011, and its responses sent by the SIT.
The RTI plea also sought copies of file notings of SIT, and also documents that contain details of action taken by SIT in pursuant to the letter of Falciani. More recently, Falciani wrote to Prime Minister Narendra Modi and chairperson, Special Investigation Team (SIT), constituted in May 2014 to investigate unaccounted money stashed abroad.
While the RTI application was addressed to the Black Money SIT, attached with the Ministry of Finance, Nayak, ironically, received a reply from the Income Tax Department under the Central Board of Direct Taxes (CBDT). The latter rejected the application, especially citing “fiduciary relationship” provision of the RTI Act’s Section 8(1).
Comments Nayak, the reply suggests there appears to be “an inexplicable hesitation” about recognising Falciani as a whistleblower. The effort, instead, was to club him with “other persons who claim to be whistleblowers who have come forward to provide assistance in the investigation of black money stashed abroad.”
According to Nayak, by describing the relationship between the CBDT and a whistleblower as fiduciary, new standards are being set on secrecy, “which even the Supreme Court did not recognize.” Thus, in the Reserve Bank of India (RBI) case “the Apex Court clarified that all and sundry relationships especially those governed by statutory requirements cannot be termed ‘fiduciary’ in nature.”
He quotes the Apex Court as saying, “It had long since come to our attention that the Public Information Officers (PIO) under the guise of one of the exceptions given under Section 8 of RTI Act, have evaded the general public from getting their hands on the rightful information that they are entitled to."
Significantly, Nayak says, the ruling runs count to the Prime Minister’s address, in October 2015, to commemorate the 10th anniversary of the implementation of the RTI Act, where he said that citizens should not only have the right to get copies of documents but also ask question and demand accountability from public authorities, because the right to ask questions is the very foundation of democracy and it will reinforce their faith in democracy.
“Many PIOs seem to think otherwise thereby making a mockery of this promise. The black money issue is one of immense public interest as it links inextricably with the businessmen-criminal-politician-bureaucrat nexus, corruption, tax evasion, money laundering, round tripping and pure and plain criminality”, Nayak says.
“The Government releases very little information about the progress made by the SIT on black money”, says Nayak, adding, Only one set of answers to a query raised by an MP in the Lok Sabha is accessible on the website of Parliament for the ongoing Winter Session”, Nayak says, adding, “These answers focus on systemic changes required to be made or already effectuated by the Government.”

Comments

Hemen Parekh said…
How to conquer Corruption ?


There is only one sure - and superfast - way to get rid of corruption
By introducing :
* NEGATIVE MOTIVATION
Putting behind bars ( - and right away ; not after 6 years ) , every corrupt fellow and
immediately confiscating his ill-gotten wealth
* POSITIVE MOTIVATION
By abolishing Personal Income Tax and introducing Amnesty Scheme , incentivize
# converting of black money into white
# acceptance of all payments thru official channels

As far as providing " Negative Motivation " is concerned , I had sent following suggestion to our Hon Prime Minister / Finance Minister / other Ministers / Secretaries etc , on 4th Nov 2015 :

# INTERNET OF THINGS ( IoT )

As each currency note of Rs 500 / 1000 , is getting printed , embed it with microscopic
RFID chips ( with this , current cost of a RFID chip will fall from 50 paise to 5 paise )

Besides communicating with each other , these chips will also transmit their existence
location , through internet , to cloud-based servers of Income Tax Department

This will form a " NETWORK OF CURRENCY NOTES ( NoC ) "

You may like to call this Internet of Currency ( IoC ) , a sub-set of IoT !



# IP ADDRESS SYSTEM ( IP V 6.0 )

Each Rs 500 / 1000 currency note must be assigned ( at the time of printing ) , its own
unique Internet Address , using IP V 6.0

This IP address should be linked with the unique Serial Number printed on each note.

Since IP V 6.0 , will be capable of assigning " 2 * 10 to the power of 128 ", no of IP
addresses , there is no danger of running out of addresses , even if we decide to extend
this idea to Rs 100 currency notes !


Here are the most important BYE - PRODUCTs :

* No more possibility of fake / forged / counterfeit , currency notes

* No thief would ever want to steal such currency notes which continuously announce their
location

* No one would want to make any " Cash Deal " . All payments will become official only !

* Plastic currency notes will last 10 times longer !



This reform will enable the Central Government / Income Tax Department , to :


* Continuously trace the movement of each of these higher denomination currency notes


* Instantly locate any place ( using Google Map based GPS ) , where there is an
accumulation of more than Rs 1 Crore worth of currency notes

Such accumulation will be made to appear as a TAG CLOUD on the web site of IT Dept,
like thousands of balloons floating on a map of India , capable of being drilled down to
within 1 Sq Meter ! Of course , visible only to IT officers ; not to general public !

On each balloon , will appear a number announcing , " Amount of Cash here - Rs " !

This will vastly simplify the task of Anti Corruption Dept / Enforcement Dept etc
Of course , RBI will need to allow 6 month's time to the owners of current paper currency notes of Rs 500 / 1000 , to get these exchanged with new plastic notes before withdrawal of the old notes from circulation

Implementation of this suggestion , does NOT require passing of any BILL in Lok Sabha or being held to ransom in Rajya Sabha !

And it can be implemented in India , within ONE YEAR

But if Chinese President Xi Jinping comes to know about the practicality of this suggestion , he might implement it in 6 months !

How come ?

Simple ! Xi Jinping has the political will ! And no historical baggage !

-------------------------------------------------------------------------------------------------------

hemen parekh

22 Dec 2015

( Also read blog " Network of Currency Notes " at : www.hemenparekh.in>Blogs )

TRENDING

Green revolution "not sustainable", Bt cotton a failure in India: MS Swaminathan

Counterview Desk
In a recent paper in the journal “Current Science”, distinguished scientist PC Kesaven and his colleague MS Swaminathan, widely regarded as the father of the Green Revolution, have argued that Bt insecticidal cotton, widely regarded as the continuation of the Green Revolution, has been a failure in India and has not provided livelihood security for mainly resource-poor, small and marginal farmers.
Sharply taking on Green Revolution, the authors say, it has not been sustainable largely because of adverse environmental and social impacts, insisting on the need to move away from the simplistic output-yield paradigm that dominates much thinking. Seeking to address the concerns about local food security and sovereignty as well as on-farm and off-farm social and ecological issues associated with the Green Revolution, they argue in favour of what they call sustainable ‘Evergreen Revolution’, based on a ‘systems approach’ and ‘ecoagriculture’.
Pointing out that Evergreen Revol…

World Bank clarifies: Its 26th rank to India not for universal access to power but for ease of doing business

By Our Representative
In a major embarrassment to the Government of India, the World Bank has reportedly clarified that it has not ranked India 26th out of 130 countries for providing power to its population. The top international banker’s clarification comes following Union Power Minister Piyush Goyal’s claim that India has “improved to 26 position from 99” in access to electricity in just one year.

Some Hindu bodies in US defending BJP-RSS' divisive, violent activities: Agnivesh

Counterview Desk Last week, Washington DC saw speakers at a religious freedom roundtable, chaired by the US Ambassador for Religious Freedom, Sam Brownback, express concern over "eroding" space for religious freedom in India. Dr Mike Ghouse, executive director, of the Center for Pluralism in Washington DC, referring to the roundtable, said in an email alert that Indian-Americans have "a moral duty to prevent India from being labeled as a Country of Particular Concern by the United States Commission on International Religious Freedom (USCIRF)".

Rejoinder: Inescapable to have Central Water Commission as strong technical body in India

By BN Navalawala*
This is with reference to Counterview Blog (December 5, 2018), "Modi govt 'shelves' water reforms report, shows 'no interest' in its recommendations", below mentioned are my comments/observations thereon:
A committee was constituted under the Chairmanship of Dr. Mihir Shah, Former Member, Planning Commission, for restructuring of Central Water Commission (CWC) and Central Ground Water Board (CGWB) for optimal development of water resources in the country in the backdrop of Integrated Water Resources Management (IWRM).

Murder of Tamil Nadu teenage Dalit girl: "Stoic silence" despite #MeToo movement

Counterview Desk
Brinelle D'souza, who is with the Centre for Health and Mental Health, School of Social Work, Tata Institute of Social Sciences, Mumbai, has prepared a strong statement to protest the brutal murder of 13-year-old Rajalakshmi. "Other than a few media reports, this gruesome killing has not caught national attention despite a very vibrant #MeToo campaign currently underway", regrets D'souza.

Preventing childhood deaths: India performs worse than Bangladesh, "equals" Pakistan

By Rajiv Shah
A just-released study, “The Pneumonia and Diarrhea Progress Report 2018”, prepared by the International Vaccine Access Centre (IVAC) at the Johns Hopkins Bloomberg School of Public Health, has identified India among 15 other countries which are still far off the mark in achieving the targets of the Global Action Plan for the Prevention of Pneumonia and Diarrhea (GAPPD).

60 ex-civil servants seek release of CAG reports on Rafale, demonetisation before 2019 polls

Counterview Desk
As many as 60 retired civil servants have asked President Ram Nath Kovind to expedite the release of Comptroller and Auditor General (CAG) reports on demonetisation and the Rafale deal. The letter, signed mainly by former Indian Administrative Service, Indian Foreign Service and Indian Police Service officers, regrets that the status of the audit is "unclear”. According to them, “An impression is gaining ground that CAG is deliberately delaying its audit reports on demonetisation and Rafale deal till after the May 2019 elections so as not to embarrass the present government”.

India's rewritten textbooks talk of demerits of democracy, praise Hitler, underrate Mughals

Counterview Desk
A detailed, 3,800-word review of the books rewritten under directions of the BJP rulers across India since Prime Minister Narendra Modi came to power in May 2014 has suggested that one of aims of the books is to instill a sense of doubt about India’s democratic polity among the country’s young minds. Reviewed in the prestigious US journal, “The New York Review of Books”, in its latest issue (December 6, 2018) by Alex Traub, the scrutiny insists, the effort has also been to paint Indian history from the angle of “Hindu triumphalism”, even as creating “Islamophobia”.

Govt of India "tarnishing" NGO reputation, dossier leaked selectively: Amnesty

Counterview Desk
Amnesty International India has said that a deliberate attempt is being made to tarnish its reputation by leaking a dossier, supposedly made by investigating agencies, to media without giving it access to any such information. The high profile NGO’s claim follows a Times Now report about proceedings launched by investigative agencies, including Enforcement Directorate (ED) against the rights body for “violations” of rules pertaining to overseas donations.

Four children die after poor UP Dalit, Muslim families forced to flee to forest area: PVCHR

Counterview Desk
Peoples’ Vigilance Committee on Human Rights (PVCHR) has said that the forest department police’s crackdown, allegedly without any prior notice, on Dalit and Muslim households in Dakhin Tola, Churk Bazaar, Sonbhadra district, Uttar Pradesh, beating up “children and old people, women, and men in an inhuman way”, has led to “forced displacement, starvation and discrimination”. This has reportedly affected about 350 people.