Black money: 'No reason given for not revealing names'

"The government is saying that the Double Tax Avoidance Agreement (DTAA) which India had signed with other countries prevented it from revealing the names of the foreign account holders, which is not a valid reason", Swamy told reporters on the sidelines of an event here.

BJP leader Subramanian Swamy today said the government was not giving a valid reason in not revealing names of the accounts of Indians held in foreign banks.

"The government is saying that the Double Tax Avoidance Agreement (DTAA) which India had signed with other countries prevented it from revealing the names of the foreign account holders, which is not a valid reason", Swamy told reporters on the sidelines of an event here.

Although there is a secrecy clause in the DTAA which was preventing the government from disclosing the names, the hurdle could be overcome, he said. Swamy said when Pranab Mukherjee was the Finance Minister before becoming President, he had written to German government for disclosure of names under the DTAA for accounts held in Liechtenstein.

"Now what the government have to do now is that it will again have to write to the German counterpart that earlier it had wrongly sought disclosures under DTAA. Now the government is seeking the disclosures under a particular UN resolution ", he said.

Swamy said that he has written to Prime Minister Narendra Modi that the argument forwarded by Finance Minister Aru Jaitley was not correct.

When pointed out that when BJP was in the Opposition, the party had criticised the Congress-led UPA for citing DTAA as the sole reason for the government not being able to disclose the names and the present dispensation was doing the same now, Swamy said that "it is the BJP which had formed the SIT soon after coming to power".

"Why did not the Congress form it despite the Supreme Court giving directions in 2011", he asked. "The black money stashed abroad should be brought back to India and we will do that", he asserted. Swamy said that black money was also legitimised through participatory notes.

08.10 | 0 komentar | Read More

Ways to secure and safeguard your dream home

Devika Ghosh
Moneycontrol.com

With increasing standard of living comes many a perils of modern day lifestyle – be it burglary, fire or theft. You wouldn't want all your hard earned money going down the drain just because of your carelessness or lack of awareness. Moving away from the 'It can't happen to me' mindset, more and more people have become aware of the real dangers in terms of guarding their homes and other assets.

Even in the recent past, most people considered security systems to be a luxury. But today's advanced technologies allow most individuals to go for more reliable, effective and affordable security systems.

Alarms and surveillance systems are some of the sure shot ways of guarding your home. Residences equipped with home security systems will trigger immediate alarms, in case of a break-in, thus alerting the police.

According to recent studies, houses equipped with home security systems are three times less likely to become the target of burglaries than ones without.

Some of the best ways of protecting your home are listed below:

Burglar Alarm: With burglar alarm prices coming down, more and more households are going in for it to secure their homes. The do it yourself - wired or wireless – systems, setting off an alarm in case of a break-in is the most popular form of burglar alarm.

These alarms come in two forms - open and closed circuit. Open circuit systems work when a window or a door is opened, the circuit is immediately completed and the alarm goes off, while closed work when a window or door is opened, the circuit is broken - also setting off the alarm.

Security cameras: One of the most advanced and newest ways of guarding your home, information and data is by installing an IP security camera. Compared to the old, traditional security cameras, an IP security camera converts data directly and stores it on an identifiable source, like a hard disk.

Security system: Enable separate alarms for doors and windows and install live monitoring system service. Also, it is also imperative that you invest in a good outdoor alarm system and proper locks.

Fireproof safes and smoke detectors: To guard your valuables against one of the most harmful and powerful forces of nature – fire – adequate security needs to be in place, which includes fireproof safes and smoke detectors.

Mobile Apps for home security: With the smartphone age, this article would be incomplete without a mention of mobile phone apps for home securities. You can choose from many a apps to ensure that if in case there is a break-in attempt, you get an immediate notification on your cell phone. The advanced technology also allows you to watch live videos of what is happening around your home, switch off and on your lights, appliances and thermostat. There is a home security system app available for you whether you want complete home automation or just basic controls.

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