SIT on black money will help in making India poverty free, says Baba Ramdev

Soon after the NDA government took a big decision on bringing back black money, mostly stashed abroad, yoga guru Baba Ramdev applauded the step, saying it will help in making India poverty free nation.

Last Updated: May 28, 2014, 00:48 AM IST

Zee Media Bureau

New Delhi: Soon after the NDA government took a big decision on bringing back black money, mostly stashed abroad, yoga guru Baba Ramdev applauded the step, saying it will help in making India poverty free nation.

“This major decision on black money will pave the way to bring black money in direction of making India poverty free,” Ramdev said on Tuesday.

Complying with the Supreme Court directive, the new government on its first day in office today constituted a Special Investigative Team (SIT) headed by a former Supreme Court Judge to unearth black money, including in the case of Hasan Ali, PTI reported.
MB Shah, head of the SIT that also comprises another retired Supreme Court judge Arijit Pasayat as vice-chairman, will be assisted by the Revenue Secretary, directors of CBI, IB, RAW and ED, the CBDT Chairman and an RBI deputy governor.

The Supreme Court, which appointed the two judges, had last week granted the government one week to set up the SIT.

"In the first Cabinet of the new government...In the light of the directions of the SC, we have constituted an SIT for unearthing black money... This was an important issue for us," Law and Telecom Minister Ravi Shankar Prasad told reporters after a one-and-a-half-hour Cabinet meeting.

The panel will have jurisdiction in cases where investigations have commenced, are pending, are waiting to be initiated or have been completed.
Prasad said setting up of the SIT "indicates the commitment of the new government to pursue the issue of black money."