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Nitish decries centre`s handling of black money stashed abroad

Last Updated: Friday, January 28, 2011 - 21:23

Patna: Bihar Chief Minister Nitish Kumar
on Friday lambasted the UPA government for its "inept" handling of
the process for recovery of black money to the tune of
billions of dollars stashed abroad.
"The Centre has been found to be reluctant to step up
efforts to recover black money parked in the foreign banks by
the corrupt people in spite of Supreme Court`s prodding,"
he said laying the foundation of the building of the Institute
of Chartered Accountants of India (ICAI) here.

He accused the Centre of being "lethargic" in pursuing
with the foreign countries to bring back the black money.
The Chief Minister lauded the Supreme Court for
"reprimanding" the Centre on the issue.

The Centre should understand the magnitude of black money
which was more than sufficient to meet the country`s budget
for two years, besides funding the right to education act for
which Bihar alone requires Rs 27,000 crore annually and other
development and welfare schemes, he said.


First Published: Friday, January 28, 2011 - 21:23
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