What've you done to curb black money: Supreme Court asks Modi govt

September 4, 2015

New Delhi, Sep 4: After a lull, the Supreme Court on Thursday put the spotlight back on black money by asking the Centre to give details of action taken on the special investigation team's (SIT) recommendations advocating stringent measures against irregularities in capitation fees, cricket, stock markets and trade-based money laundering.

blackmoneyThe SIT has recommended action against misuse of exemption of long-term capital gains tax for money laundering, misuse of participatory notes for money laundering, generation of black money in education sector through capitation fees and through donations to religious and charitable institutions, and, strict monitoring of match-fixing, spot-fixing and betting in cricket matches including T20 tournaments like IPL.

A bench of Chief Justice H L Dattu and Justices Madan B Lokur and A K Sikri asked attorney general Mukul Rohatgi, "What is the fate of these recommendations by the Supreme Court-appointed SIT? The Centre will tell us about it in the next hearing on October 28."

The bench also told senior advocate Dushyant Dave, who appeared for the SIT headed by former Supreme Court judges M B Shah and Arijit Pasayat, to ask the SIT to submit its fresh report by October 7 on ways and means to tackle the menace of black money.

Advocate Prashant Bhushan requested the court to make public the SIT reports but Dave objected, saying it would be unwise to make the reports public, except the recommendations. "The reports include analysis of intricate economic issues and policies. Till the government initiates action on these recommendations, it will not be proper to discuss the reports in public," he said. The bench agreed with Dave.

The SIT had given a string of recommendations in its third report submitted to the SC in May. The Centre will now be required to inform the SC on October 28 of the action it has taken on the following recommendations:

* To control generation of black money through huge capitation fees, mostly paid in cash, to technical and medical colleges for admissions. A specific provision should be inserted in Prevention of Corruption Act to make acceptance of cash by educational institutions a punishable offence.

* Large donations, including gift of ornaments, to religious and charitable institutions should be accompanied by PAN number of the donor.

* Illegal activity of cricket betting requires to be controlled by some provisions which are deterrent to all concerned. Considering the fact that large amount of black money is generated and used in this sector, it is suggested that some appropriate legislative directions or rules or regulations are required to be put in place to curb the menace of such betting.

* Ban on bulk transactions through cash. A number of European countries bar any cash transaction above a particular limit. This can be done in India.

* For holding cash/currency notes, there should be a limit by prescribing a reasonable threshold, may be Rs 10 lakh or Rs 15 lakh. This will control holding of unaccounted money to a large extent.

* SEBI needs to have an effective monitoring mechanism to study unusual rise of stock prices of companies while such a rise is taking place. In case it is established that stock platforms have been misused for taking long-term capital gains tax benefits, prosecution should be invariably launched.

* Obtaining information on 'beneficial ownership' of participatory notes is of crucial importance to prevent their misuse. SEBI needs to examine the issue and come up with regulations where the 'final beneficial owner' of participatory notes/offshore derivative instruments are known.

* Proactive detection of creation of shell companies, which are used to provide accommodation entries to launder black money. Deterrent penal action against persons involved in creation of shell companies and providing accommodation entries needed.

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Agencies
January 9,2020

Kashmir, Jan 9: US Ambassador to India Kenneth I Juster along with envoys from 15 other countries arrived in Srinagar on a two-day visit to Jammu and Kashmir on Thursday, the first visit by diplomats since the abrogation of the erstwhile state's special status in August last year.

The Delhi-based envoys arrived in Srinagar by a special chartered flight at Srinagar's technical airport where top officials from the newly carved out union territory received them, officials said.

Later in the day, they would be going to Jammu, the winter capital of the newly created Union Territory, for an overnight stay. They will meet Lt Governor G C Murmu as well as civil society members, they said.

Besides the US, the delegation will include diplomats from Bangladesh, Vietnam, Norway, Maldives, South Korea, Morocco, and Nigeria, among others.

Brazil's envoy Andre Aranha Correa do Lago was also scheduled to visit Jammu and Kashmir. However, he backed out because of his preoccupation here, the officials said on Wednesday.

Envoys from the European Union (EU) countries are understood to have conveyed that they will visit the union territory on a different date and are also believed to have stressed on meeting the three former chief ministers -- Farooq Abdullah, Omar Abdullah and Mehbooba Mufti -- who are under detention.

Officials said envoys of several countries had requested the government for a visit to Kashmir to get a first-hand account of the situation in the Valley following the August 5 decision to abrogate provisions of Article 370 and bifurcate it into two union territories, Jammu and Kashmir, and Ladakh.

This is the second visit of a foreign delegation to Jammu and Kashmir since August 5. Earlier, Delhi-based think tank International Institute for Non-Aligned Studies, a Delhi-based think tank took 23 EU MPs on a two-day visit to assess the situation in the union territory.

The government had distanced itself from the visit with Minister of State for Home G Kishan Reddy informing Parliament that the European parliamentarians were on a "private visit".

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News Network
January 13,2020

Jan 13: India lost more than $1.33 billion to internet restrictions in 2019 as Prime Minister Narendra Modi’s government pushed ahead with his party’s Hindu nationalist agenda, raising tensions and sparking nationwide protests.

The worst shutdown has been in Kashmir, where after intermittent closures in the first half of the year, the internet has been cut off since Aug. 5 following the government’s decision to revoke the special autonomous status of the country’s only Muslim-majority state, a study said. The prologued closure was criticized by India’s highest court, which ruled Friday that the “limitless” internet shutdown enforced by the government for the last five months was illegal and asked that it be reviewed.

India imposed more internet restrictions than any other large democracy, according to the Cost of Internet Shutdowns 2019 report released by Top10VPN, a U.K.-based digital privacy and security research group. The South Asian nation recorded the third-highest losses after Iraq and Sudan, which lost $2.31 billion and $1.86 billion respectively to disruptions. Worldwide internet restrictions caused losses worth $8.05 billion, the report said.

The cost of internet blackouts was calculated using indicators from groups including the World Bank, International Telecommunication Union, and the Delhi-based Software Freedom Law Center. It includes social media shutdowns in its calculations.

India’s ministry of information and technology didn’t respond to an email seeking a response to the report’s findings.

‘Conservative Estimates’

Through 2019, India shut access to the internet for over 4,000 hours. The report added shutdowns in India were often narrowly targeted, down to the level of blocking city districts for a few hours to allow security forces to restore order. Many of these incidents were not included in the report.

“These are conservative estimates,” said Simon Migliano, head of research at U.K.-based Top10VPN. “Internet shutdowns are increasing and it shows a damaging trend.”

India’s other major internet disruptions coincided with two moves by the government that affect India’s Muslim minority. The first disruption took place in November in the states of Uttar Pradesh and Rajasthan after the Supreme Court handed a victory to Hindu groups over Muslim petitioners in a long-simmering dispute over a plot of land.

There were further disruptions in December when protests erupted against the introduction of a religion-based law that allows undocumented migrants of all faiths except Islam from neighbouring countries to seek Indian citizenship. The government enforced shutdowns across Uttar Pradesh and some Northeastern states in order to quell the protests, the report said.

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News Network
June 17,2020

Jaipur, Jun 17: Police have registered an FIR against a television news anchor for allegedly making an objectionable comment on Sufi saint Khwaja Moinuddin Chishti.

The FIR was lodged after a complaint against News 18 India anchor Amish Devgan by a "khadim" at the saint's dargah in Ajmer on Tuesday night.

"He is running a communal agenda against the Muslim community. The dargah of Sufi saint is visited not only by Muslims but by people of all religions and his comments have hurt the sentiments of all," Syed Sarwar Chishti said.

The anchor later apologised on Twitter. "In 1 of my debates, I inadvertently referred to 'Khilji' as Chishti. I sincerely apologise for this grave error and the anguish it may hv caused to followers of the Sufi saint Moinuddin Chishti, whom I revere. I have in the past sought blessings at his dargah. I regret this error," Devgan tweeted.

Dargah SHO Hem Raj said a case was registered under sections of the Indian Penal Code and the IT Act for outraging religious feelings.

Another complaint was lodged by activist Muzaffar Bharti at the office of Ajmer's Superintendent of Police.

He accused Devgan and his team of trying to incite riots through "misleading and objectionable debates on communal issues".

He said Devgan made highly objectionable remarks on the revered saint, which shall not be tolerated.

"The dargah of Moinuddin Chishti is the symbol of brotherhood and harmony and crores of people of different religions all over the world have deep love and faith in the saint," he said.

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