Bill on corruption likely in Budget session: Moily
Battling a string of scams, the UPA government is likely to introduce a bill in the Budget session of Parliament to rein in corruption.
Mumbai: Battling a string of scams, the UPA
government is likely to introduce a bill in the Budget session
of Parliament to rein in corruption.
"We are bringing a separate bill on corruption in
accordance with the UN convention," Law Minister M Veerappa
Moily told reporters here.
He said the government intended to bring the legislation
in the next session itself. "In that direction, we are
proceeding," he said.
"We have agreed to the convention but it was not ratified.
The NDA government did not take any stand. Now, a couple of
days back, a Group of Ministers (GoM) considered the UN
convention and mooted the ratification. Thereafter, we will
be bound by it," he said.
Maintaining that the government would like to fast-track
corruption cases, Moily said the GoM is expected to submit its
report to the prime minister within 60 days.
On black money stashed abroad, Moily said, "You know there
are treaties between countries. They are done mutually by each
country. We have to abide by the treaty. The Finance Minister
has made it clear that this is meant for evasion of tax...only
to the extent of taxation. Disclosure of names, unfortunately,
the treaty doesn`t permit.
"We don`t want to hide anything. But the question is,
there are certain binding principles of the treaty which
inhibit us from disclosing it (the names)," he said.