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Saturday, November 6, 2010
Sharad Yadav holds election meeting at Atri
JD (U) national president Sharad Yadav addressed an election meeting at Atri Assembly segment in Gaya district on November 3, 2010.
Indian Institute of Technology – Roorkee organized a unique competition for its students as part of their annual cultural festival called “Thomso 10”. As part of the competition, boys holding lipsticks in their mouth applied them on fellow girl students.
"FERA also became a tool of oppression. Successive governments persisted with FERA and added COFFEPOSA and SAFEMA. International markets do not respect draconian laws that run counter to common sense. India's reserves, far from being augmented, dwindled at an alarming rate... Mercifully, FERA was buried finally on May 31, 2000." When and where was this written? In an article that appeared The Indian Express on 25 August 2002. Who wrote the article?! Is not unwittingly alerting those with illegal money abroad to spirit it away from Switzerland to other tax havens? Another clever little statement by yet another clever lawyer of the Congress party! Would the looters who have stashed away money in tax havens from India still need to be alerted after Germany got the names from Lichtenstein as long ago as last year? Would they still need to be alerted after Germany offered to furnish the names to governments that asked for the names? Would they still need to be alerted after the United States got the names from the leading bank of Switzerland, UBS in February this year, and got it to submit to paying a fine of $ 800 million to boot? Would they still need to be alerted after the G-20 leaders, including Dr. Man Mohan Singh as the Congress would like to remind us, declared their determination to get the tax havens to disgorge the names? But such is the confusion in the Congress party and such the brilliance of its lawyers that all it can do is to seek to deflect the nation-wide demand for getting the loot back from tax havens by such witticisms! What was the NDA doing when it was in office? In any case there is doubt about the figures. Leaders of the Congress party would be better advised to ask, "During that very period, what was the Congress party doing, what were its lawyers and leaders doing, to thwart the efforts of the NDA Government to uncover the names of persons who had looted the country even on defence deals like Bofors?" But even if the NDA had done nothing - whether on terrorism or money abroad - is that any reason for not hurrying to avail of the unique opportunity that has arisen now? Even while replacing FERA by FEMA, the NDA Government made sure that it would have an additional two years to file prosecutions under FERA. And it filed as many as 2000 cases against those who were under investigation before FERA lapsed. The reason for doing so, a reason that is well known to lawyers in the Congress party, was that, when a prosecution is filed it is adjudicated according to the law which prevailed at the time at which the case was filed. These are the very cases which the Congress later on did not pursue. The fact of the matter is that it is now that the unique opportunity has arisen to get the loot back: Germany has succeeded in getting the names; the US has succeeded in getting the names; the G-20 leaders have pledged themselves to ensure the end of bank secrecy; countries that had hitherto refused to share the requisite information are pledging to do so - within a week of their names being published by OECD in the list of countries that were dragging their feet on the question, Costa Rica, Malaysia, Philippines and Uruguay pledged to enter into the relevant agreements. There is a real fight ahead: a fight in the national interest, a fight that will have to be waged doggedly to get the names from the tax havens and to get the amounts back to India - as tax havens will not easily part with their route to lucre. And not all countries will be eager to wage the fight - so many rulers in Africa, in Latin America, to say nothing of the princelings of China - will be loath to see the fight succeed.
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JD (U) national president Sharad Yadav addressed an election meeting at Atri Assembly segment in Gaya district on November 3, 2010.
Indian Institute of Technology – Roorkee organized a unique competition for its students as part of their annual cultural festival called “Thomso 10”. As part of the competition, boys holding lipsticks in their mouth applied them on fellow girl students.
ReplyDelete"FERA also became a tool of oppression. Successive governments persisted with FERA and added COFFEPOSA and SAFEMA. International markets do not respect draconian laws that run counter to common sense. India's reserves, far from being augmented, dwindled at an alarming rate... Mercifully, FERA was buried finally on May 31, 2000." When and where was this written? In an article that appeared The Indian Express on 25 August 2002. Who wrote the article?! Is not unwittingly alerting those with illegal money abroad to spirit it away from Switzerland to other tax havens? Another clever little statement by yet another clever lawyer of the Congress party! Would the looters who have stashed away money in tax havens from India still need to be alerted after Germany got the names from Lichtenstein as long ago as last year? Would they still need to be alerted after Germany offered to furnish the names to governments that asked for the names? Would they still need to be alerted after the United States got the names from the leading bank of Switzerland, UBS in February this year, and got it to submit to paying a fine of $ 800 million to boot? Would they still need to be alerted after the G-20 leaders, including Dr. Man Mohan Singh as the Congress would like to remind us, declared their determination to get the tax havens to disgorge the names? But such is the confusion in the Congress party and such the brilliance of its lawyers that all it can do is to seek to deflect the nation-wide demand for getting the loot back from tax havens by such witticisms! What was the NDA doing when it was in office? In any case there is doubt about the figures. Leaders of the Congress party would be better advised to ask, "During that very period, what was the Congress party doing, what were its lawyers and leaders doing, to thwart the efforts of the NDA Government to uncover the names of persons who had looted the country even on defence deals like Bofors?" But even if the NDA had done nothing - whether on terrorism or money abroad - is that any reason for not hurrying to avail of the unique opportunity that has arisen now? Even while replacing FERA by FEMA, the NDA Government made sure that it would have an additional two years to file prosecutions under FERA. And it filed as many as 2000 cases against those who were under investigation before FERA lapsed. The reason for doing so, a reason that is well known to lawyers in the Congress party, was that, when a prosecution is filed it is adjudicated according to the law which prevailed at the time at which the case was filed. These are the very cases which the Congress later on did not pursue.
ReplyDeleteThe fact of the matter is that it is now that the unique opportunity has arisen to get the loot back: Germany has succeeded in getting the names; the US has succeeded in getting the names; the G-20 leaders have pledged themselves to ensure the end of bank secrecy; countries that had hitherto refused to share the requisite information are pledging to do so - within a week of their names being published by OECD in the list of countries that were dragging their feet on the question, Costa Rica, Malaysia, Philippines and Uruguay pledged to enter into the relevant agreements. There is a real fight ahead: a fight in the national interest, a fight that will have to be waged doggedly to get the names from the tax havens and to get the amounts back to India - as tax havens will not easily part with their route to lucre. And not all countries will be eager to wage the fight - so many rulers in Africa, in Latin America, to say nothing of the princelings of China - will be loath to see the fight succeed.