In its first Cabinet decision, Prime Minister Narendra Modi-led NDA government has announced the formation of a Special Investigation Team (SIT) for tracking black money of Indians allegedly parked abroad. The SIT has been formed under retired Supreme Court judge MB Shah.
“We have formed the SIT as per the order of the Supreme Court. This shows the commitment of the new government to pursue the issue of black money,” Ravi Shankar Prasad, telecom, IT and law and justice minister said after the Cabinet meeting.
He said the SIT will have representations from all investigative agencies including the Directorate of Revenue Intelligence, CBI, R&AW, Narcotics Control Bureau, Financial Intelligence Unit and Enforcement Directorate besides the revenue secretary, a nominated deputy governor of the RBI, the chairperson of CBDT and joint secretary of foreign tax as its members.
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
Retired Supreme Court judge Arijit Pasayat will be the vice chairman of the SIT, which will “have jurisdiction over all the cases, where investigation has already commenced or pending or awaiting to be initiated or have completed” with regard to cases of illicit funds parked overseas in tax havens.
The last date for formation of SIT was May 28 as per the Supreme Court’s order of May 23. The government has formed it just a day in advance. The SIT will chalk out a detailed action plan to curtail generation of illicit money while at the same time create necessary institutional structure for the same.
“Humne poori sakriyata dikhayi hai Supreme Court ke aaadesh ka paalan karne mein,” Prasad said.