‘Everyone wants to make a quick buck’

A seminar on ‘Black money’ was organised by the Public Concern for Governance Trust (PCGT) wat Sancheti Hospital on Wednesday. The seminar was aimed at making people aware of various aspects of black money,like its sources,causes and so on. About 125 people attended the event.

A V Krishanan and B J Misar began the seminar. This was followed by talks by Dr. Jyoti Chandiramani,Director,Symbiosis School of Economic,Rajendra Kumar,Ex Joint Commissioner Custom and Central Excise,S. S. Puri,retired IPS (Retd). R K Sharma,Director General (Investigations),Income Tax also spoke in detail on this topic. Dr Jyoti said “Everyone wants to make billions of money in the shortest period.” She presented figures of early estimates of Black Money stating today Black Money is 50 per cent of our GDP. Rajendra Kumar added “The Centre decided to bring fresh amendments in the law relating to Foreign Exchange to suit the new environments. The objective was to facilitate the external trade,ease receipts and payments pertaining to Foreign Exchange markets.” R K Sharma gave some practical suggestions to stop black money generation. “The government should come with schemes inviting black money to be used for building infrastructure like railways,schools and fly overs. Mmember of the advisory council of PCGT,SC Nagpal,said “We received good response to this event and a question answer session between the attendees and the dignitaries added to the success of our mission”. PCGT plans to write to the Prime Minister on the issue.