इंडियन आवाज़     17 Apr 2024 01:28:46      انڈین آواز

Evasion of taxes, Parking assets outside major concern for economy: Jaitely

(Last Updated On: 02/11/2015)

TIA Correspondent

Finance minister Arun Jaitley today said that evasion of taxes, parking assets outside was a major concern for economy. Speaking at a conference on Networking the Networks in New Delhi today, Mr Jaitley said no organization would benefit from illicit financial flow in any form.

He said profiteering from illicit financial flow is a criminal offence. The minister said the government was trying to make laws simpler but when global money was involved it becomes complicated.

On the occasion India’s Revenue Secretary Hasmukh Adhia  said the government was planning to set up South Asian Regional Intelligence Coordination center to curb the illicit financial flow.

“Once it is operational, it will allow South Asian countries to connect with other cou
ntries”, said Mr Adhia while speaking at a conference Networking the Networks in New Delhi today ,

This platform would initially comprise the founding members Bangladesh, Bhutan, Myanmar, Maldives, Nepal and Sri Lanka besides India, and later on would be open to inclusion of other countries/ international organization as decided by the founding members, based on shared concerns. He informed that seven countries will collectively set up this centre including India. He said the road map for phasing out corporate tax exemption will be rolled out by December.

The three day conference will discuss scope for regional cooperation to effectively deal with illicit financial flows, mainly from tax frauds and human trafficking. The conference will try to identify best practices of existing international organisations for cooperation on illicit financial flows.

Leave a Reply

Your email address will not be published.


یونین پبلک سروس کمیشن نے سول سروسز امتحان 2023 کے حتمی نتائج کا اعلان کیا

،لکھنؤ کے آدتیہ سریواستو ٹاپر رہے۔ سول سروسز امتحان ...

اس انتخابی موسم میں مایاوتی، اویسی ووٹروں کے نشانے پر

ویسے تو دیکھنے میں اویسی بی جے پی اور اس کی اعلیٰ قیادت بشمول ...


Singapore: PM urges married Singaporean couples to have babies during year of Dragon

AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean couples to have ba ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...


 Sheyphali Sharan Takes Charge as PDG of PIB

AMN Senior Information Service Officer Sheyphali B Sharan today took over the charge of Principal Director ...

Noted Journalist Zafar Agha Passes Away

Journos shocked over his demise AMN / NEW DELHI Noted journalist and and the Editor-in-Chief Nation ...


Mata Vaishno Devi Bhawan Decorated With Imported Flowers Ahead Of Navratri Festival

AMN In Jammu, ahead of the festivl of Navratri, Katra and Mata Vaishno Devi Bhawan is decorated with import ...

Holy Relics of Lord Buddha Return to India After Exposition in Thailand

AMN The holy relics of Lord Buddha and his disciples Arahant Sariputta and Arahant Maha Moggallana has ret ...

@Powered By: Logicsart