Govt. Of India Set To Make International Transactions Transparent By 2017

01 May, New Delhi

Union Finance Minister Arun Jaitley said Friday said that the government intends to make all international transactions transparent by 2017.

Speaking at the Enforcement Day function in New Delhi Mr Jaitley mentioned government’s touch stand over black money. He said, 121 prosecution cases filed against those caught with black money abroad. The Finance Minister said, new law on undisclosed income and assets abroad will be taken up in Parliament next week.

The Minister said that the government has asked the people not to breach the laws and do monetary transactions within the limits of laws.

He said, serious offenders involved in unlawful flow of unaccounted money will be brought to book immediately. Asking the investigating agencies including the ED to be more vigilant while investigating hawala, ponzi schemes and other money related cases, the Finance Minister said, balancing approach must be adopted by these agencies.

Stating that the investigation must be just and fair,Jaitley said, no innocent should be harassed at any cost.

Jaitley also asked Enforcement Directorate to avoid overkill and ignore trivialities.Saying that there is a need to avoid the temptation among the citizens of violating the law, he said, the government is keeping round the clock eye on those who are trying to park their unaccounted money abroad.

On country’s economy, Jaitley said, it will grow at eight per cent. He also said that the Rupee has kept pace with the dollar in last few months.