MEDIA GIVING UNDUE CREDIT TO MODI SARKAR FOR BLACK MONEY ISSUE

It is a height of stupidity and hypocrisy, at the part of the Indian Press and Electronic Media, to give credit to the Modi Govt. for constituting the SIT to unearth the stocking of the Black Money, in the different Swiss Banks.

While praising the Modi Sarkar, some reputed print media have, deliberately, ignored the earlier order of the Supreme Court, in which the Apex Court have given  a clear direction to the UPA-2 for the formation of the SIT, , which was delay-delayed by the predecessor  Govt.. 

The final ultimatum of the SC has forced the Modi Govt. to go for constituting the said SIT, which is likely to be monitored by the SC. Moreover, whosoever may have formed the Govt. would have abide the directive of the Apex Court.

According to the media reporting, the Swiss Govt. have prepared a list of the all Indian account holders of the Swiss Banks, which comprises of 283 banks, spread all over the country, though however, the Swiss Govt. have not  declared officially to the Govt. of India, in this regard, so far.

There is nothing to amuse with media reports, since the UPA-2 also had a short list of names of the account holders, but Manmohan Govt. deliberately avoided revealing the names of the account holders and the present Modi Sarkar is also following the same resolution of the Congress, which is not to reveal the names of the account holders. 

In fact, the Modi Sarkar do not posses 56 inch chest to nab such evaders and punish them. Though, unfortunately, the Govt. is in dearth of concrete mechanism and hard laws to punish the evaders.

The estimated money, according to the media, is worth of 14,400 Crores of rupees, in 283 Swiss Banks, though the figure seems to be low and unbelievable, but actual stashed money is higher, what has been highlighted unofficially. Apart from the Swiss Bank, there are too many Banks, in different countries, where Indian account holder have their illegal money, which is needed to be located.

If media is to be believed, then the accumulated money is now being in phase of conversion to make it white Money, in India, through different channels, like Share Markets and in Real estate Business and who knows that such Black Money was not spend in the last Parliamentary election, by the national political parties of the countries, the voters have witnessed extravagant publicity of a particular national party.