Supreme Court to hear black money issue


New Delhi: February 10, 2011 – The Supreme Court will on Thursday conduct a hearing in the black money case a day after the Centre notified it that the illegal money stashed in tax havens abroad will be taxable income under the Direct Taxes Code Bill.


The Centre on Wednesday filed an affidavit before the apex court in connection with the case and pledged to take a host of measures to retrieve it.


The government also informed the apex court that it has completed negotiations for Tax Informations Exchange Agreement (TIEA) with ten countries where the money is believed to have been stashed.


The ten countries are Bahamas, Bermuda, British Virgin Island, Isle of Man, Cayman Island, British Island of Jersey, Monaco, St Kitts and Nevis, Argentina and Marshall Island.


The Government had earlier claimed that it had identified 26 citizens, who had parked their ill-gotten wealth abroad as revealed by the German government in Liechtenstein Bank there, but avoided making the names public.


According to the data provided by the Swiss bank, India has more black money than rest of the world combined.


The UK has 390 billion dollars in black money, Russia has 470 billion dollars and India tops the list with almost 1500 billion dollars. (Sify.com)

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Dr. Raj Baldev, Cosmo Theorist

About Dr. Raj Baldev, Cosmo Theorist

Dr. Raj Baldev, Cosmo Theorist, Ph.D., D. Litt., D Sc. (H.C), Editor-in-Chief of International Reporter, Chairman Media International Ltd., Born on 15 January 1927 in Montgomery, now in Pakistan. Internationally known, man of letters with over dozen of books and thousands of articles to his credit on various subjects including theories on the Creation of the Universe, the Black Holes, Supernovas and other functions of the Universe, Nature and Life , which he described both ways, philosophically and scientifically. He further elaborated how the entire Cosmos were formed. He holds spiritual wisdom of predicting and curing powers of the human problems, so much so, he is popularly known as Destiny Repairer, hence people call him with respect as Swamy Ji. He got the privilege of leading various Parliamentary Delegations abroad on good will missions; he also got the privilege of being invited by differnt Heads of State on state visits. He is the Founder of God Believers (GBA) who place belief in “FAITH”, Universal Modern Religion. FAITH is not a religion but a human service, an encyclopedia of creating healthy balance between Science and God. The main purpose of this mission is to defend the Identity of God from Scientists on one hand and to help fight Global Environmental Abuses, to create awareness of high risks of Excessive Nuclear Stockpiles, global service to the Human Rights and Justice on the other. He is a very simple man, he commands special respect as a holy man with high spiritualism and people address him as His Holiness. He is equally dedicated to the cause of media and journalism where he has been serving the people through his writing for over 50 years; he has also served as Member of Press Council of India. His main aim is to serve the humanity and all kinds of life on the Earth, to serve the elders, women and children, the blind, crippled, lepers and the needy, he is committed to save the Mother Earth from the abuses caused by humans and the nature through the social mission of God Believers (GBA), which also serves the World Peace. In short, he is a global social reformer. Google