'Black Money' Action & Recovery

Nothing happened on #BlackMoney or Does all the 'Black Money' recovered ?

In order to find out the Answer for above question, please read the Facts & Stats in detail ...
What was the 'Election Manifesto Promise' & What is been Done on 'Black Money' till now ...

✊ 2014 BJP Manifesto Promise

"By minimizing the scope for corruption, we will ensure minimization of the generation of black money. BJP is committed to initiate the process of tracking down and bringing back black money stashed in foreign banks and offshore accounts. We will set up a Task Force for this purpose and to recommend amendments to existing laws or enact new laws. The process of bringing back black money to India what belongs to India, will be put in motion on priority. We will also proactive ly engage with foreign Governments to facilitate information sharing on black money." (Page 5)

🙌 Action Taken

✒ Narendra Modi govt set up SIT on black money as soon as they came in Power.
✒ For reducing the scope of corruption they did many things like Demonetization, Direct Benefit Transfer.
✒ NDA got 'GST' passed which helped in curbing 'Parallel Economy'.
✒ NDA passed many Bills like RERA, FCRA (Amnd't), Benami, FEOB bill, PMLA (Money Laundering).
✒ In order to tackle 'Swiss Accounts', deal with Switzerland is Signed in 2017 according to which Tax related Data sharing started from 1 Jan 2018.

🙄 How much 'Black Money' recovered -

📎 Under IDS'15 a total of 3,770 crore declared.
📎 Under IDS'16 a total of 65,250 crore declared.
📎 21000 people declared 4,900 crore under PMGKY.
📎 17,526 crore found as Undisclosed Income under 'OCM'.
📎 29,213 crore found as Undisclosed Income.
📎 3,500 crore worth properties attached under 'Benami Act'.
📎 90,012 crore saved through 'Direct Benefit Transfer'.

Fact remains 1,36,659 crore worth of 'Black Money' had been captured / came back post IDS & Demonetization & 88,500 crore worth of money leakage checked & property attached. Cash deposits of 2.89 lakh crore under I-T investigation.

When some '#Pidi' throw this silly question just don't miss the Opportunity to thrash Him / Her apart.
🙆 Note : I have Not mentioned the various other benefits derived 'GST', 'Demonetization', 'Benami' or 'NPA Recovery' in this Post.

#Demo #GST, #Benami, #DBT, #Black_Money 💰

Item vise Description of 'Rafale Deal' & calling-off the Hoax of UPA. 🙌

UPA’s MMRCA (Rafale) v/s NDA’s Rafale. Services & Cost Description of 'Rafale Deal'.

✈ MMRCA Deal (UPA)

MMRCA deal: 126 Fighter Jets to be procured as 18 Flyaway & 108 to be Assembled locally.

Issue on Quality Control on Assembling: In MMRCA, Dassault refused to take responsibility for the 108 HAL-manufactured Rafale's.

Cost of 126 Jets under MMRCA was estimated to be Euro 12.71 billion. (Dollar 15 billion)

The contract for 126 Rafales, services, and parts may have been worth up to Euro 16.94 billion (US$20 billion).

India-France Agreement of 2008 states that 'item-wise details of the cost' can't be provided in Govt-to-Govt contract.

✈ Rafale Deal (NDA)

Quantity & Cost of Aircraft's: 36 Aircrafts to be procured as 28-Single Set & 8-Twin Seat Aircraft's - Euro 3.3 billion

India-specific enhancements: Helmet sights, radar receiver, radio altimeters, Doppler radar, cold start - Euro 1.7 billion

Weapon Package: Meteor, SCALP missiles etc. & Armament Storage Facility - Euro 700 million

Maintenance: Spare Parts & Items need to keep aircraft Flying - Euro 1.8 billion

Performance & Logistics: Availability Rate of Aircraft's 75% - Euro 350 million

Escalation Rate: 3.5% instead of 3.7% Earlier MMRCA, This ensures an additional saving of around 200 million on total deal.

Offset Clause: 50% offset on Two Bases instead of 30% offset on single Base.

Offset Obligation: DA is free to select the Indian

Offset Partners and provide their details at the time of seeking offset credits, or one year prior to discharge of offset obligation.

Conclusion:

✏ Per Aircraft Cost (UPA 2014) : Euro € 100.87 million

✏ Per Aircraft Cost (NDA 2016) : Euro € 91.67 million

NDA govt saved over Rs 12,600 crore in Rafale deal with much better Terms & Conditions. Congress allegation of 'Rafale Scam' is just a Hoax.

#Rafale #Dassault #UPA #NDA 

Economic Reforms during 4 Years of NDA

👉 Black Money Act (UFIA) Successfully Implemented.
👉 Imposition of Tax Act '2015 Implemented.
👉 Aadhaar Act, 2016 (Money Bill) Passed & Implemented.
👉 Income Declaration Scheme Implemented.
👉 Foreign Exchange Management Act (FEMA) (Amnd') Passed.
👉 Demonetisation Done & Implemented.
👉 Direct Benefit Transfer (DBT) Policy Implemented.
👉 Goods & Service Tax (GST) Implemented.
👉 Bankruptcy & Insolvency Code Bill '2016 Passed.
👉 Real State Regulation Act (RERA) passed
👉 Benami Property & Benami Prohibition Act Passed.
👉 Financial Contribution Regulation Act (FCRA) (Amnd't) Passed.
👉 Separate Rail Budget merged with Union Budget.
👉 Defence Procurement Policy (DPP) Implemented.
👉 Liberalisation to FDI. Clarence of 100% FDI in selective Sector.
👉 E-Way Bill Introduced successfully.
👉 Fugitive Economic Offenders Bill (FEOB) Passed.
👉 Prevention of Money-laundering Act, (PMLA) '2002 Amnd't Bill'18.
👉 Prevention of Corruption Bill (Amnd't) Passed.
👉 MSME Amendment Bill'18 on Table.
👉 Financial Resolution and Deposit Insurance (FRDI) on Table.

You may Like HIM or Hate HIM .. Fact remains as a finance Minister, Mr. Arun Jaitley has implemented maximum Financial Reforms in India that too 4 Years only.

I openly challenge if someone could Jot Down even 3 such concrete 'Financial Reforms' which took place during 10 Years of UPA. 🤔

#NDA #FinancialReforms #Bills #ArunJaitly