Tuesday, January 25, 2011

Govt. can’t disclose information on black money: Pranab

The Hindu : News / National : Govt. can’t disclose information on black money: Pranab: "Union Finance Minister Pranab Mukherjee on Tuesday said that the government cannot disclose information received from foreign entities on black money held by Indians abroad because of absence of legal framework.

He, however, dismissed opposition criticism that the government was not disclosing information because such disclosure could result in the government’s fall.

“Let us understand the issue. No information can be made available unless there is a legal framework. No sovereign country is going to share information unless there is a legal framework,” he told a press conference explaining the reasons why the government was not in a position to part with information it has obtained from foreign entities on black money stashed away abroad."

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