As new prime minister(Narendra modi) has formed a new government in India , a little sign of extreme change is expected when the Bharatiya Janata Party leader Narendra Modi has set up a special investigation team(SIT) to unearth "black money" . Black money" refers to funds earned through illegal means, whereby income and other taxes have not been paid.
Communication Minister Ravi Shankar Prasad stated on Tuesday that "It is a matter of great assurance for us that in the very first cabinet meeting of the new government head by honorable Prime Minister Shri Narendra Modi, in the light of the directions of the honorable Supreme court, we have constituted SIT [Special Investigation Team] for unearthing black money," .
The minister also said the team would be headed by a retired judge of India's Supreme Court, MB Shah, who said on Wednesday that he will be firm in dealing with politicians and industrialists if they were found involved in hiding unaccounted money in foreign banks.
According to a report published by a US-based research and advocacy organisation, India lost $123bn in black money from 2001 to 2010.
Showing posts with label india. Show all posts
Showing posts with label india. Show all posts
Wednesday, May 28, 2014
Friday, May 16, 2014
Narendra modi is likely to be India’s next prime minister…
Narendra modi,63, is expected to be next prime minister of India,A man who is given the credit for his outstanding development policy in his state (Gujarat,Chief minister for over one decade) as well as a man of controversy who was once denied a visa by United States, now had a chance and expected to be future Prime Minister.
Mr Modi has delivered the BJP's best result ever, giving it more than the 272 seats it needs to form a government. This is the first parliamentary majority by a single party since 1984.BJP and its allies is expected to cross more than 300 seats.
Labels:
incredible india,
india,
modi,
Narendra modi,
prime minister
Wednesday, May 14, 2014
(Water ATM) An innovation that could be the alternative choice for the India's poorest society....
A water dispensing machines has been used in New Delhi,India , which could provide 20 liters of clean and drinkable water for just 20 cents.
According to WHO, there are about 97million Indians who do not have access to clean water. And this innovation that could be the alternative choice for the poorest society.
Here, the video shown by the the Al Jazeera is one of the bitter truth of India’s rising issue of “Access to clean water”.
Labels:
incredible india,
india,
innovation,
technology,
water atm
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