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: 150
 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::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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: 151
 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::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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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        LATEST NEWS UPDATES | Legalities stop us from disclosing black money information: Pranab    </title>
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Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

Finance minister Pranab Mukherjee, however,..."/>
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Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

Finance minister Pranab Mukherjee, however,..." />
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                            <br /><div align="justify">Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.<br /><br />Finance minister Pranab Mukherjee, however, dismissed opposition criticism that it was not disclosing information because such disclosure could result in the government's fall.<br /><br />&quot;Let us understand the issue. No information can be made available unless there is a legal framework. No sovereign country is going to share information unless there is a legal framework,&quot; he told a press conference explaining the reasons why the government was not in a position to part with information it has obtained some foreign entities on black money stashed away abroad.<br /><br />However, he said Double Taxation Avoidance Agreement (DTAA) and Exchange of Taxation Information Agreement are two instrumentalities under which information can obtained and the government has already amended pacts with 23 countries to get information from banks.<br /><br />&quot;But the problem is information which we have obtained has come under some conditions of secrecy. Today, if we disclose tomorrow other countries will not give me the information raising an accusing finger that you do not meet international commitments,&quot; he said.<br /><br />However, Mukherjee said &quot;there is a way. As and when the Income Tax Authorities will be in a position to prosecute cases against tax evaders you will come to know&quot;.<br /><br />&quot;Even I have no intention or authority of knowing the names (of those who have stashed black money abroad). The Income Tax officers have statutory powers under which they perform their duties and they are outside the purview of the administrative control of the ministry,&quot; Mukherjee said.<br /><br />Mukherjee said the government has formulated a five pronged strategy comprising joining the global crusade against 'black money'; creating an appropriate legislative framework; setting up institutions for dealing with illicit funds; developing systems for implementation; and imparting skills to the manpower for effective action.<br /><br />The finance minister said there were no reliable estimates of black money both inside and outside the country.<br /><br />The interim recommendations of BJP Task Force 2009 have estimated the amount of black money to be between $500 billion to $1,400 billion, he said.<br /><br />A recent study by Global Financial Integrity has estimated the present value of illicit money outflow to be $462 billion, he said.<br /><br />&quot;All these estimates are based on various unverifiable assumptions and approximations. Government has been seized of the matter and has constituted a multidisciplinary committee to get studies conducted to estimate the quantum of illicit fund generated by Indian citizens,&quot; Mukherjee said.<br /><br />On whether the government would come out with an amnesty scheme to bring back unaccounted money abroad, he said a group has been constituted to look into such possibility.<br /><br />He said India has also initiated process of negotiation with 65 countries to broaden the scope of article concerning Exchange of Information to specifically allow for exchange of banking information and information regarding taxpayers not covered by DTAA.<br /><br />&quot;Thirteen new DTAAs have also been finalised where the Exchange of Information Article is in line with the international standards,&quot; the minister said.<br /><br />He said the government was strengthening the administrative machinery by setting up eight more income tax overseas units.<br /><br />Two such units are operational in Singapore and Mauritius, Mukherjee said.<br /><br />Government is also setting up an Exchange of Information (EoI) Cell, which will help in effective exchange of information to curb tax evasion, he said.<br /><br />&quot;We have detected undisclosed income of about Rs 15,000 crore in last 18 months, due to focused search operations by the Income Tax Department,&quot; he said adding that during the same period, Directorate of International Taxation has collected taxes of Rs 34,601 crore.<br /><br />&quot;The Directorate of Transfer Pricing has detected mispricing of Rs 33,784 crore, which has prevented shifting of an equivalent amount of money outside India,&quot; he said.<br /><br />Information regarding details of payments received by Indian citizens in several countries has started also coming from treaty partners. This information is in different stages of processing and investigation, Mukherjee said.</div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Legalities-stop-us-from-disclosing-black-money-information-Pranab/articleshow/7359743.cms" class="re" target="_blank">The Times of India, 25 January, 2011, http://timesofindia.indiatimes.com/india/Legalities-stop-us-from-disclosing-black-money-information-Pranab/articleshow/7359743.cms</a><div class="clear"></div>
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Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

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Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

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    <h1 class="cat-box-title">Legalities stop us from disclosing black money information: Pranab</h1>
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                            <br /><div align="justify">Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.<br /><br />Finance minister Pranab Mukherjee, however, dismissed opposition criticism that it was not disclosing information because such disclosure could result in the government's fall.<br /><br />&quot;Let us understand the issue. No information can be made available unless there is a legal framework. No sovereign country is going to share information unless there is a legal framework,&quot; he told a press conference explaining the reasons why the government was not in a position to part with information it has obtained some foreign entities on black money stashed away abroad.<br /><br />However, he said Double Taxation Avoidance Agreement (DTAA) and Exchange of Taxation Information Agreement are two instrumentalities under which information can obtained and the government has already amended pacts with 23 countries to get information from banks.<br /><br />&quot;But the problem is information which we have obtained has come under some conditions of secrecy. Today, if we disclose tomorrow other countries will not give me the information raising an accusing finger that you do not meet international commitments,&quot; he said.<br /><br />However, Mukherjee said &quot;there is a way. As and when the Income Tax Authorities will be in a position to prosecute cases against tax evaders you will come to know&quot;.<br /><br />&quot;Even I have no intention or authority of knowing the names (of those who have stashed black money abroad). The Income Tax officers have statutory powers under which they perform their duties and they are outside the purview of the administrative control of the ministry,&quot; Mukherjee said.<br /><br />Mukherjee said the government has formulated a five pronged strategy comprising joining the global crusade against 'black money'; creating an appropriate legislative framework; setting up institutions for dealing with illicit funds; developing systems for implementation; and imparting skills to the manpower for effective action.<br /><br />The finance minister said there were no reliable estimates of black money both inside and outside the country.<br /><br />The interim recommendations of BJP Task Force 2009 have estimated the amount of black money to be between $500 billion to $1,400 billion, he said.<br /><br />A recent study by Global Financial Integrity has estimated the present value of illicit money outflow to be $462 billion, he said.<br /><br />&quot;All these estimates are based on various unverifiable assumptions and approximations. Government has been seized of the matter and has constituted a multidisciplinary committee to get studies conducted to estimate the quantum of illicit fund generated by Indian citizens,&quot; Mukherjee said.<br /><br />On whether the government would come out with an amnesty scheme to bring back unaccounted money abroad, he said a group has been constituted to look into such possibility.<br /><br />He said India has also initiated process of negotiation with 65 countries to broaden the scope of article concerning Exchange of Information to specifically allow for exchange of banking information and information regarding taxpayers not covered by DTAA.<br /><br />&quot;Thirteen new DTAAs have also been finalised where the Exchange of Information Article is in line with the international standards,&quot; the minister said.<br /><br />He said the government was strengthening the administrative machinery by setting up eight more income tax overseas units.<br /><br />Two such units are operational in Singapore and Mauritius, Mukherjee said.<br /><br />Government is also setting up an Exchange of Information (EoI) Cell, which will help in effective exchange of information to curb tax evasion, he said.<br /><br />&quot;We have detected undisclosed income of about Rs 15,000 crore in last 18 months, due to focused search operations by the Income Tax Department,&quot; he said adding that during the same period, Directorate of International Taxation has collected taxes of Rs 34,601 crore.<br /><br />&quot;The Directorate of Transfer Pricing has detected mispricing of Rs 33,784 crore, which has prevented shifting of an equivalent amount of money outside India,&quot; he said.<br /><br />Information regarding details of payments received by Indian citizens in several countries has started also coming from treaty partners. This information is in different stages of processing and investigation, Mukherjee said.</div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Legalities-stop-us-from-disclosing-black-money-information-Pranab/articleshow/7359743.cms" class="re" target="_blank">The Times of India, 25 January, 2011, http://timesofindia.indiatimes.com/india/Legalities-stop-us-from-disclosing-black-money-information-Pranab/articleshow/7359743.cms</a><div class="clear"></div>
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Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

Finance minister Pranab Mukherjee, however,..."/>
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Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

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    <h1 class="cat-box-title">Legalities stop us from disclosing black money information: Pranab</h1>
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                            <br /><div align="justify">Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.<br /><br />Finance minister Pranab Mukherjee, however, dismissed opposition criticism that it was not disclosing information because such disclosure could result in the government's fall.<br /><br />&quot;Let us understand the issue. No information can be made available unless there is a legal framework. No sovereign country is going to share information unless there is a legal framework,&quot; he told a press conference explaining the reasons why the government was not in a position to part with information it has obtained some foreign entities on black money stashed away abroad.<br /><br />However, he said Double Taxation Avoidance Agreement (DTAA) and Exchange of Taxation Information Agreement are two instrumentalities under which information can obtained and the government has already amended pacts with 23 countries to get information from banks.<br /><br />&quot;But the problem is information which we have obtained has come under some conditions of secrecy. Today, if we disclose tomorrow other countries will not give me the information raising an accusing finger that you do not meet international commitments,&quot; he said.<br /><br />However, Mukherjee said &quot;there is a way. As and when the Income Tax Authorities will be in a position to prosecute cases against tax evaders you will come to know&quot;.<br /><br />&quot;Even I have no intention or authority of knowing the names (of those who have stashed black money abroad). The Income Tax officers have statutory powers under which they perform their duties and they are outside the purview of the administrative control of the ministry,&quot; Mukherjee said.<br /><br />Mukherjee said the government has formulated a five pronged strategy comprising joining the global crusade against 'black money'; creating an appropriate legislative framework; setting up institutions for dealing with illicit funds; developing systems for implementation; and imparting skills to the manpower for effective action.<br /><br />The finance minister said there were no reliable estimates of black money both inside and outside the country.<br /><br />The interim recommendations of BJP Task Force 2009 have estimated the amount of black money to be between $500 billion to $1,400 billion, he said.<br /><br />A recent study by Global Financial Integrity has estimated the present value of illicit money outflow to be $462 billion, he said.<br /><br />&quot;All these estimates are based on various unverifiable assumptions and approximations. Government has been seized of the matter and has constituted a multidisciplinary committee to get studies conducted to estimate the quantum of illicit fund generated by Indian citizens,&quot; Mukherjee said.<br /><br />On whether the government would come out with an amnesty scheme to bring back unaccounted money abroad, he said a group has been constituted to look into such possibility.<br /><br />He said India has also initiated process of negotiation with 65 countries to broaden the scope of article concerning Exchange of Information to specifically allow for exchange of banking information and information regarding taxpayers not covered by DTAA.<br /><br />&quot;Thirteen new DTAAs have also been finalised where the Exchange of Information Article is in line with the international standards,&quot; the minister said.<br /><br />He said the government was strengthening the administrative machinery by setting up eight more income tax overseas units.<br /><br />Two such units are operational in Singapore and Mauritius, Mukherjee said.<br /><br />Government is also setting up an Exchange of Information (EoI) Cell, which will help in effective exchange of information to curb tax evasion, he said.<br /><br />&quot;We have detected undisclosed income of about Rs 15,000 crore in last 18 months, due to focused search operations by the Income Tax Department,&quot; he said adding that during the same period, Directorate of International Taxation has collected taxes of Rs 34,601 crore.<br /><br />&quot;The Directorate of Transfer Pricing has detected mispricing of Rs 33,784 crore, which has prevented shifting of an equivalent amount of money outside India,&quot; he said.<br /><br />Information regarding details of payments received by Indian citizens in several countries has started also coming from treaty partners. This information is in different stages of processing and investigation, Mukherjee said.</div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/india/Legalities-stop-us-from-disclosing-black-money-information-Pranab/articleshow/7359743.cms" class="re" target="_blank">The Times of India, 25 January, 2011, http://timesofindia.indiatimes.com/india/Legalities-stop-us-from-disclosing-black-money-information-Pranab/articleshow/7359743.cms</a><div class="clear"></div>
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Legalities stop us from disclosing black money information: Pranab

Published on Jan 25, 2011   Modified on Jan 25, 2011

Unfazed by opposition attacks and questions from the Supreme Court, government on Tuesday maintained that it cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework. Finance minister Pranab Mukherjee, however, dismissed opposition criticism that it was not disclosing information because such disclosure could result in the government's fall. "Let us understand the issue. No information can be made available unless there is a legal framework. No sovereign country is going to share information unless there is a legal framework," he told a press conference explaining the reasons why the government was not in a position to part with information it has obtained some foreign entities on black money stashed away abroad. However, he said Double Taxation Avoidance Agreement (DTAA) and Exchange of Taxation Information Agreement are two instrumentalities under which information can obtained and the government has already amended pacts with 23 countries to get information from banks. "But the problem is information which we have obtained has come under some conditions of secrecy. Today, if we disclose tomorrow other countries will not give me the information raising an accusing finger that you do not meet international commitments," he said. However, Mukherjee said "there is a way. As and when the Income Tax Authorities will be in a position to prosecute cases against tax evaders you will come to know". "Even I have no intention or authority of knowing the names (of those who have stashed black money abroad). The Income Tax officers have statutory powers under which they perform their duties and they are outside the purview of the administrative control of the ministry," Mukherjee said. Mukherjee said the government has formulated a five pronged strategy comprising joining the global crusade against 'black money'; creating an appropriate legislative framework; setting up institutions for dealing with illicit funds; developing systems for implementation; and imparting skills to the manpower for effective action. The finance minister said there were no reliable estimates of black money both inside and outside the country. The interim recommendations of BJP Task Force 2009 have estimated the amount of black money to be between $500 billion to $1,400 billion, he said. A recent study by Global Financial Integrity has estimated the present value of illicit money outflow to be $462 billion, he said. "All these estimates are based on various unverifiable assumptions and approximations. Government has been seized of the matter and has constituted a multidisciplinary committee to get studies conducted to estimate the quantum of illicit fund generated by Indian citizens," Mukherjee said. On whether the government would come out with an amnesty scheme to bring back unaccounted money abroad, he said a group has been constituted to look into such possibility. He said India has also initiated process of negotiation with 65 countries to broaden the scope of article concerning Exchange of Information to specifically allow for exchange of banking information and information regarding taxpayers not covered by DTAA. "Thirteen new DTAAs have also been finalised where the Exchange of Information Article is in line with the international standards," the minister said. He said the government was strengthening the administrative machinery by setting up eight more income tax overseas units. Two such units are operational in Singapore and Mauritius, Mukherjee said. Government is also setting up an Exchange of Information (EoI) Cell, which will help in effective exchange of information to curb tax evasion, he said. "We have detected undisclosed income of about Rs 15,000 crore in last 18 months, due to focused search operations by the Income Tax Department," he said adding that during the same period, Directorate of International Taxation has collected taxes of Rs 34,601 crore. "The Directorate of Transfer Pricing has detected mispricing of Rs 33,784 crore, which has prevented shifting of an equivalent amount of money outside India," he said. Information regarding details of payments received by Indian citizens in several countries has started also coming from treaty partners. This information is in different stages of processing and investigation, Mukherjee said.

The Times of India, 25 January, 2011, http://timesofindia.indiatimes.com/india/Legalities-stop-us-from-disclosing-black-money-information-Pranab/articleshow/7359743.cms

Tagged with: Corruption

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