Wait not long to get black money back: Jaitley

July 25, 2014

Jaitley
New Delhi, Jul 25: Finance Minister Arun Jaitley Friday said Prime Minister Narendra Modi government was moving fast on bringing back the ill-gotten money stashed away by Indians in tax havens abroad.

"I can assure that you don't have to wait for long to see that we have brought back the black money," the finance minister said in the Lok Sabha during his reply to the debate on the national budget, which was later passed by a voice vote.

"Our government has formed a Special Investigating Team (SIT)," he said, adding: "If the SIT wants to take steps, the government will give full cooperation. Whatever information we are getting, we are giving that to Supreme Court as well."

He said the issue of black money - for which there is no official estimate, but only independent studies that value it at between $462 billion and $1.4 trillion - was a concern for the whole country and all agencies must do their bit to get it back.

"There is no need for getting into jurisdiction battle whether it is a court matter or our matter," he said.

In an answer to a query in the house earlier this week, Jaitley said evidence on black money will come only with the cooperation of countries where the accounts are kept and that the Indian government was alerted about them by the French government.

"They had got a list of names of people who have accounts in the Swiss bank. This data didn't reach the French government through any official route. This data was taken by someone from the HSBC Bank and handed over to the French government," he said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 16,2025

jordan.jpg

Prime Minister Narendra Modi on Monday held talks with Jordan’s King Abdullah II in Amman, during which the two leaders discussed ways to further strengthen bilateral relations, with the Prime Minister outlining an eight-point vision covering key areas of cooperation.

Describing the meeting as “productive”, PM Modi said he shared a roadmap focused on trade and economy, fertilisers and agriculture, information technology, healthcare, infrastructure, critical and strategic minerals, civil nuclear cooperation, and people-to-people ties.

In a post on social media platform X, the Prime Minister praised King Abdullah II’s personal commitment to advancing India–Jordan relations, particularly as both countries mark the 75th anniversary of the establishment of diplomatic ties this year.

“Held productive discussions with His Majesty King Abdullah II in Amman. His personal commitment towards vibrant India-Jordan relations is noteworthy. This year, we are celebrating the 75th anniversary of our bilateral diplomatic relations,” PM Modi said.

The meeting took place at the Al Husseiniya Palace, where the two leaders also exchanged views on regional and global issues of mutual interest. According to the Ministry of External Affairs (MEA), both sides agreed to further deepen cooperation in areas including trade and investment, defence and security, counter-terrorism and de-radicalisation, fertilisers and agriculture, infrastructure, renewable energy, tourism, and heritage.

The MEA said both leaders reaffirmed their united stand against terrorism.

PM Modi arrived in Amman earlier on Monday and was received by Jordanian Prime Minister Jafar Hassan, who accorded him a formal welcome. Following the talks, King Abdullah II hosted a banquet dinner in honour of the Prime Minister, reflecting the warmth of bilateral ties.

Jordan is the first leg of PM Modi’s three-nation tour. From Amman, the Prime Minister will travel to Ethiopia at the invitation of Prime Minister Abiy Ahmed Ali, marking his first official visit to the African nation. The tour will conclude with a visit to Oman.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.