More than Eight and half lakh crore rupees (Rs 8,55,551 crore) of the loans given by our banks have not been returned by the borrowers -- Sitaram Yechury to Narendra Modi
The Finance Ministry’s White Paper on Black Money presented in parliament reflects a trite exercise devoid of any political will. Neither has any credible estimate of black money stashed abroad been provided by the white paper nor any concrete measures suggested to retrieve the illicit funds.
Along with the Lokpal law, there are certain immediate measures to be taken to curb corruption. They include a new Judicial Accountability law which will also constitute a National Judicial Commission; electoral law reforms to curb money power and criminality in politics; firm steps to unearth black money and bring back the illegal money stashed abroad.
The Left parties decided to conduct a countrywide movement against corruption and to demand immediate measures to curb corruption in all spheres of public life.
The Central Committee called upon the people of West Bengal and Kerala to ensure the victory of the Left Front and the Left Democratic Front. The Congress and its TMC and UDF allies should be defeated as they are responsible for the acute price rise, massive corruption and attacks on the livelihood of the people. The Left Front of West Bengal and the LDF government of Kerala have stood out for the implementation of pro-people policies and safeguarding the interests of the working people.
Unaccounted and ill-gotten wealth, amassed through tax evasion, money laundering and other illegal means, parked in these Swiss Bank accounts should be directly confiscated by the Union Government from the Swiss Banks. These monies should be brought back to India and the details of the account holders must be made public.