Facing flak from Opposition on the issue of unaccounted money of Indians stashed abroad, Prime Minister Manmohan Singh today said the government had already initiated steps for getting back the black money.
“Action has already started,” Singh said in the Rajya Sabha during Question Hour.
The prime minister referred to Finance Minister Pranab Mukherjee’s remarks yesterday stating that he (Mukherjee) had “specifically dealt” with the issue.
Replying to the debate on the Finance Bill in the Upper House yesterday, the finance minister had said the government was in the process of amending double taxation avoidance treaties with about 100 countries so that a legal framework can be provided to facilitate exchange of information on black money.
The prime minister made the remark today after Prakash Javadekar (BJP) sought to know from him as to what his government was doing to get back the money within 100 days.
External Affairs Minister S M Krishna in reply to the main question on G-8 meeting said the developed nations seemed inclined to enhance financial support for developing nations.
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Krishna said IMF and other financial institutions would be asked to restore credit growth and jobs.
On the question on climate change raised by Sitaram Yechury (CPI-M), Krishna said India’s stand was well enumerated by the prime minister yesterday.
He said the G-8 declaration accepted that increase in global average temperature above pre-industrial levels ought not to exceed two degrees centigrade.