Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr680460e99c70c-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.&lt;br /&gt;
&lt;br /&gt;
The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.&lt;br /&gt;
&lt;br /&gt;
The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.&lt;br /&gt;
&lt;br /&gt;
The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.&lt;br /&gt;
&lt;br /&gt;
The &amp;ldquo;confidentiality&amp;rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &amp;ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&amp;rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.&lt;br /&gt;
&lt;br /&gt;
The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.&lt;br /&gt;
&lt;br /&gt;
In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.&lt;br /&gt;
&lt;br /&gt;
Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.&lt;br /&gt;
&lt;br /&gt;
Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.&lt;br /&gt;
&lt;br /&gt;
Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.&lt;br /&gt;
&lt;br /&gt;
The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.&lt;br /&gt;
&lt;br /&gt;
Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.&lt;br /&gt;
&lt;br /&gt;
The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.

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&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.&lt;br /&gt;
&lt;br /&gt;
The &amp;ldquo;confidentiality&amp;rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.&lt;br /&gt;
&lt;br /&gt;
In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.&lt;br /&gt;
&lt;br /&gt;
Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.&lt;br /&gt;
&lt;br /&gt;
Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.&lt;br /&gt;
&lt;br /&gt;
Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.&lt;br /&gt;
&lt;br /&gt;
The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.&lt;br /&gt;
&lt;br /&gt;
Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.&lt;br /&gt;
&lt;br /&gt;
The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.

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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.

The government explained its stand in an affidavit in..."/>
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                <strong>Govt offers thesis on slush cash</strong></h1>
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                <div align="justify">The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.<br /><br />The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.<br /><br />The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.<br /><br />The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.<br /><br />The &ldquo;confidentiality&rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.<br /><br />&ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&rdquo;<br /><br />Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.<br /><br />The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.<br /><br />In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.<br /><br />Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.<br /><br />Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.<br /><br />Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.<br /><br />The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.<br /><br />Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.<br /><br />The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.</div>               </font>
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.&lt;br /&gt;
&lt;br /&gt;
The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.&lt;br /&gt;
&lt;br /&gt;
The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.&lt;br /&gt;
&lt;br /&gt;
The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.&lt;br /&gt;
&lt;br /&gt;
The &amp;ldquo;confidentiality&amp;rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &amp;ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&amp;rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.&lt;br /&gt;
&lt;br /&gt;
The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.&lt;br /&gt;
&lt;br /&gt;
In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.&lt;br /&gt;
&lt;br /&gt;
Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.&lt;br /&gt;
&lt;br /&gt;
Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.&lt;br /&gt;
&lt;br /&gt;
Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.&lt;br /&gt;
&lt;br /&gt;
The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.&lt;br /&gt;
&lt;br /&gt;
Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.&lt;br /&gt;
&lt;br /&gt;
The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.

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&lt;br /&gt;
The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.&lt;br /&gt;
&lt;br /&gt;
The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.&lt;br /&gt;
&lt;br /&gt;
The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.&lt;br /&gt;
&lt;br /&gt;
The &amp;ldquo;confidentiality&amp;rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &amp;ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&amp;rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.&lt;br /&gt;
&lt;br /&gt;
The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.&lt;br /&gt;
&lt;br /&gt;
In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.&lt;br /&gt;
&lt;br /&gt;
Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.&lt;br /&gt;
&lt;br /&gt;
The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.&lt;br /&gt;
&lt;br /&gt;
Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.&lt;br /&gt;
&lt;br /&gt;
The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.

The government explained its stand in an affidavit in...&#039;
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The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.

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                <strong>Govt offers thesis on slush cash</strong></h1>
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                <div align="justify">The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.<br /><br />The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.<br /><br />The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.<br /><br />The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.<br /><br />The &ldquo;confidentiality&rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.<br /><br />&ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&rdquo;<br /><br />Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.<br /><br />The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.<br /><br />In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.<br /><br />Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.<br /><br />Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.<br /><br />Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.<br /><br />The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.<br /><br />Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.<br /><br />The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.</div>               </font>
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.&lt;br /&gt;
&lt;br /&gt;
The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.&lt;br /&gt;
&lt;br /&gt;
The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.&lt;br /&gt;
&lt;br /&gt;
The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.&lt;br /&gt;
&lt;br /&gt;
The &amp;ldquo;confidentiality&amp;rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &amp;ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&amp;rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.&lt;br /&gt;
&lt;br /&gt;
The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.&lt;br /&gt;
&lt;br /&gt;
In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.&lt;br /&gt;
&lt;br /&gt;
Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.&lt;br /&gt;
&lt;br /&gt;
Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.&lt;br /&gt;
&lt;br /&gt;
Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.&lt;br /&gt;
&lt;br /&gt;
The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.&lt;br /&gt;
&lt;br /&gt;
Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.&lt;br /&gt;
&lt;br /&gt;
The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.

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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.&lt;br /&gt;
&lt;br /&gt;
The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.&lt;br /&gt;
&lt;br /&gt;
The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.&lt;br /&gt;
&lt;br /&gt;
The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.&lt;br /&gt;
&lt;br /&gt;
The &amp;ldquo;confidentiality&amp;rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &amp;ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&amp;rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.&lt;br /&gt;
&lt;br /&gt;
The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.&lt;br /&gt;
&lt;br /&gt;
In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.&lt;br /&gt;
&lt;br /&gt;
Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.&lt;br /&gt;
&lt;br /&gt;
Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.&lt;br /&gt;
&lt;br /&gt;
Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.&lt;br /&gt;
&lt;br /&gt;
The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.&lt;br /&gt;
&lt;br /&gt;
Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.&lt;br /&gt;
&lt;br /&gt;
The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.
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The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.

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$disp = &#039;&lt;div align=&quot;justify&quot;&gt;The Centre today promised a &amp;ldquo;comprehensive study&amp;rdquo; to gauge black money but told the Supreme Court it couldn&amp;rsquo;t reveal information on such cash stashed abroad because of &amp;ldquo;confidentiality&amp;rdquo; clauses in overseas pacts.&lt;br /&gt;&lt;br /&gt;The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.&lt;br /&gt;&lt;br /&gt;The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.&lt;br /&gt;&lt;br /&gt;The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.&lt;br /&gt;&lt;br /&gt;The &amp;ldquo;confidentiality&amp;rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &amp;ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&amp;rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.&lt;br /&gt;&lt;br /&gt;The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.&lt;br /&gt;&lt;br /&gt;In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.&lt;br /&gt;&lt;br /&gt;Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.&lt;br /&gt;&lt;br /&gt;Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.&lt;br /&gt;&lt;br /&gt;Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.&lt;br /&gt;&lt;br /&gt;The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.&lt;br /&gt;&lt;br /&gt;Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.&lt;br /&gt;&lt;br /&gt;The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.&lt;/div&gt;&#039;
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The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.

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                <strong>Govt offers thesis on slush cash</strong></h1>
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                <div align="justify">The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.<br /><br />The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.<br /><br />The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.<br /><br />The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.<br /><br />The &ldquo;confidentiality&rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.<br /><br />&ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&rdquo;<br /><br />Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.<br /><br />The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.<br /><br />In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.<br /><br />Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.<br /><br />Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.<br /><br />Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.<br /><br />The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.<br /><br />Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.<br /><br />The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.</div>               </font>
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The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.<br />
<br />
The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.<br />
<br />
The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.<br />
<br />
The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.<br />
<br />
The &ldquo;confidentiality&rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.<br />
<br />
&ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&rdquo;<br />
<br />
Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.<br />
<br />
The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.<br />
<br />
In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.<br />
<br />
Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.<br />
<br />
Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.<br />
<br />
Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.<br />
<br />
The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.<br />
<br />
Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.<br />
<br />
The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.
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The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.

The government explained its stand in an affidavit in...',
	'disp' => '<div align="justify">The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.<br /><br />The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.<br /><br />The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.<br /><br />The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.<br /><br />The &ldquo;confidentiality&rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.<br /><br />&ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&rdquo;<br /><br />Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.<br /><br />The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.<br /><br />In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.<br /><br />Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.<br /><br />Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.<br /><br />Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.<br /><br />The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.<br /><br />Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.<br /><br />The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.</div>',
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The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.<br />
<br />
The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.<br />
<br />
The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.<br />
<br />
The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.<br />
<br />
The &ldquo;confidentiality&rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.<br />
<br />
&ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&rdquo;<br />
<br />
Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.<br />
<br />
The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.<br />
<br />
In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.<br />
<br />
Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.<br />
<br />
Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.<br />
<br />
Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.<br />
<br />
The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.<br />
<br />
Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.<br />
<br />
The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.
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$metaTitle = 'LATEST NEWS UPDATES | Govt offers thesis on slush cash'
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The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.

The government explained its stand in an affidavit in...'
$disp = '<div align="justify">The Centre today promised a &ldquo;comprehensive study&rdquo; to gauge black money but told the Supreme Court it couldn&rsquo;t reveal information on such cash stashed abroad because of &ldquo;confidentiality&rdquo; clauses in overseas pacts.<br /><br />The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace.<br /><br />The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security.<br /><br />The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study.<br /><br />The &ldquo;confidentiality&rdquo; clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries.<br /><br />&ldquo;Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.&rdquo;<br /><br />Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. &ldquo;The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,&rdquo; said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry.<br /><br />The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations.<br /><br />In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said.<br /><br />Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands.<br /><br />Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill.<br /><br />Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities.<br /><br />The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities.<br /><br />Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half.<br /><br />The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.</div>'
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Govt offers thesis on slush cash

The Centre today promised a “comprehensive study” to gauge black money but told the Supreme Court it couldn’t reveal information on such cash stashed abroad because of “confidentiality” clauses in overseas pacts. The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace. The National Institute of Public Finance and Policy, the National Institute of Financial Management and the National Council of Applied Economic Research will conduct the study to get a more accurate picture of the black-money problem and its many ramifications for national security. The government quoted a study by the National Institute of Public Finance and Policy that estimated unaccounted money in 1983-84 between Rs 31,584 and Rs 36,786 crore. However, the figure was based on several questionable assumptions, the government said, adding it hoped to get an accurate estimate from the fresh study. The “confidentiality” clauses that prevented sharing on overseas bank accounts lay in double-taxation avoidance agreements (DTAA) signed with several countries. “Provisions of DTAA are international arrangements which have to be honoured so that India is perceived as a co-operative jurisdiction.” Exemptions on sharing such information are also provided under the IT Act and Article 253 of the Constitution. “The information is also exempt under Section 8(1)(f) of the Right to Information Act, 2005,” said the affidavit, filed by Anoop Kumar Srivastasa, joint secretary in the finance ministry. The government, however, appeared to hold out hope for more transparency in the future, saying it had initiated the process of negotiations for relaxing the confidentiality clauses under DTAAs with 65 nations. In fact, negotiations with 10 countries have been completed, the affidavit said, adding 13 new DTAAs have also been finalised, the affidavit said. Tax-information exchange agreements have been signed with 10 countries, including black-money havens Bahamas, Bermuda, British Virgin Islands, Isle of Man, Cayman Islands, Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Islands. Provisions for unearthing black money have also been proposed in the Direct Taxes Code Bill. Under the provisions, taxable assets will include deposits in banks located outside India for individuals. For organisations, it will include stakes in foreign trusts and other entities. The affidavit also highlighted the action taken so far. Payments received by Indian citizens from several countries are being scanned by income-tax authorities. Over Rs 15,000 crore in unaccounted money has been unearthed in search and raids conducted by income-tax officials over the past year and a half. The government urged the apex court to throw out a petition filed by some leading activists, such as Ram Jethmalani and others, demanding judicial intervention against black money. The petition should be dismissed with costs to be paid by those who have filed the plea, the affidavit said.