With elections around the corner and the anti-incumbency wave against the Congress hitting an ‘all-time high’, it is desperately trying to wash the blotch. The party has hinted towards acting on this very issue in its recently released poll manifesto. It has promised to depute an ombudsman to look into the issue of blackmoney.

Finance Minister P Chidambaram also seems to have become active all of a sudden and has written a letter to Swiss government, seeking their assistance in bringing back the blackmoney deposited by Indians there.

It’s being said that the Congress-led government has shown its sudden activeness mainly since elections are around the corner. Bharatiya Janata Party’s (BJP) prime ministerial candidate Narendra Modi is raising the issue of blackmoney every now and then.

Yoga guru Baba Ramdev has been holding a nationwide campaign saying that he would disclose the names of Congress leaders who have stocked their accumulated blackmoney in overseas banks.

Besides, Aam Aadmi Party (AAP) convener Arvind Kejriwal is also presenting ‘details’ of blackmoney against some of the top industrialists in his rallies across the nation and the issue is once again becoming a major poll plank.

It’s mainly due to this very reason; the Congress is trying to give a message that the party as well as the Central government is pretty serious regarding bringing back the blackmoney. The Finance Ministry on Thursday has issued a letter written by P Chidambaram to his Swiss counterpart Eveline Widmer-Schlumpf on 13th March. Both leaders also held discussions over the issue in October last year.

It’s being said that during the meeting, the government had sought information regarding cash stashed in the banks. Later, the Swiss government said that their Parliament is severely opposed the move to issue bank-related information to other countries.

As of now, Chidambaram has adopted a tough stance and mentioned that the era of maintaining confidentiality for banks is over. He added that if Switzerland is not willing to provide any information, it implies that they are not in sync with the modern and changing times and believes in keeping bank-related information and details under wraps.

A new agreement signed between India and Switzerland provides a passage for exchanging of information between both nations. India had sought information regarding 562 bank accounts but Switzerland said in February that they can’t provide any detail.


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