Black Money: No Data Available
The Modi government’s inability to come up with a definitive estimate of the quantum of black money stored either in India or other countries even after 11 long years is a measure of its failure to walk the talk. But that is not surprising. The government, during its three terms, has frequently cited a lack of available data when faced with challenging questions.
From telling the gullible masses that ₹15-20 lakh would be deposited in the bank accounts of the poor once the black money stashed abroad by some of corrupt Indians was brought back to confessing in Parliament that the Indian government has no estimates regarding this black money, Prime Minister Narendra Modi and his government have done more acrobatics than an accomplished trapeze artiste in a Russian circus. It took none less than Amit Shah, Home Minister of India, to dispose of the notion that Indians would get ₹15 lakh from the recovered money as a Jumla (a fast one) pulled off by “sahib” (read Narendra Modi) in the heat of the electoral battle in 2014. That might also explain why it is only in India that it’s possible for a bald man to set up a business selling hair rejuvenation therapy that brought traffic to a halt. On March 18, the Minister of State for Finance, Pankaj Chaudhary, informed Parliament that “there is no official estimation regarding the amount of black money held by individuals or entities within and outside India.” The minister was responding to a set of questions raised by the All-India Trinamool Congress (AITMC) Rajya Sabha MP, Sushmita Dev.
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From telling the gullible masses that ₹15-20 lakh would be deposited in the bank accounts of the poor once the black money stashed abroad by
