Modi Government’s Decisive, Multi-pronged Action Against Corruption

Published By : Admin | March 14, 2019 | 14:36 IST

One of the biggest evils plaguing our nation was the curse of corruption. Winning on the plank of eradicating corruption from the very roots, Modi government has provided an incorruptible administration at the helm. It has taken stringent steps to arrest generation of black money as well ensure that economic offenders are brought to book.

As its first cabinet decision, it set up a court monitored SIT which made several recommendations through its interim reports to check generation of black money, many of which were accepted by the government. The SIT had detected black money of more than Rs. 70,000 crores, including Rs. 16,000 thousand crores in offshore accounts.

In order to provide legal teeth to the fight against corruption, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 was enacted by Modi government. The Act allows a penalty up to 90% of the value of an undisclosed asset in addition to tax at 30%, as well as rigorous imprisonment in certain cases. These stringent penalties and imprisonment, act as an effective deterrence against entities involved in stashing Black money.

Modi government has strengthened the Double Tax Avoidance Agreement (DTAA) with various countries, such as Mauritius, Singapore, Cyprus, etc. The government renegotiated tax treaties to curb treaty abuse, tax evasion and round-tripping of funds—the practice of money stashed overseas by Indians returning home through tax haven countries. These amended tax treaties are considered as a big victory in India’s fight against black money.

Under the leadership of PM Modi, the government has taken various proactive measures against black money stashed abroad which have led to positive results. There has been significant decrease in the loans and deposits in the Swiss banks as well as in Swiss non-bank loans and deposits. The steps taken by Modi government to check the flight of black money in off-shore accounts include, India and Switzerland signing a Joint Declaration on the introduction of the Automatic Exchange of Information (AEOI) on tax matters. This will ensure that India will receive information on accounts held by Indian residents in Switzerland from September 2019 for 2018 and subsequent years on an automatic basis.

The Modi government successfully enacted the long pending Benami Transactions (Prohibition) Amendment Act, 2016 to enable confiscation of Benami property and prosecution of Benamidar and the beneficial owner, which may result in rigorous imprisonment up to seven years and fine up to 2 percent of the fair market value of the property. The 24 dedicated Benami Prohibition Units (BPUs) have been set up all over India to ensure swift action in respect of Benami properties. This resulted in around 1,600 transactions being a part of provisional attachment while the value of properties under attachment is worth Rs. 6,900 crores.

The Fugitive Economic Offenders Act, 2018, a brainchild of Modi government, equip the investigative agencies going after absconding economic offenders. It allows the law enforcement agencies to confiscate assets of those who cheat the nation and flee the jurisdiction of Indian courts. This will force the accused to return to India and face trial for his offenses and in turn, help the banks and financial institutions to achieve higher recovery from financial defaults committed by fugitive economic offenders. Additionally, Fugitive Economic Offenders (Procedure for Conducting Search and Seizure), Rules, 2018 ensures faster attachment and confiscation of assets.

The spirited fight against black money is ensuring that the decades of corruption is put to a halt and justice is served. It is for the time that the government has been proactive in curbing generation of black money. The anti-black money measures taken during the tenure of Modi government have brought undisclosed income of about Rs. 1,30,000 crore to tax.
Enforcing corporate accountability and accountability towards loans taken from public money is also an important way to clean the economy.

The UPA dispensation had left behind banks in a woeful state. From independence till 2008, that is, in 60 years banks gave loans of Rs. 18 lakh crore. However, from 2008 to 2014, in just 6 years, the Congress government took this figure to Rs. 52 lakh crore! These created massive NPAs which too were hidden by the UPA government.

The Modi government not only unearthed these NPAs but also set about resolving them by passing the Insolvency and Bankruptcy Code. So far, the government has helped banks and creditors recover more than Rs. 3 lakh crore.

Be it in clean governance or going after black money, be it launching a multi-pronged war against corruption or resolving NPAs, the Modi government has made every effort to usher in a clean economy for New India.

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PM Modi’s Vision Fuels Delhi’s Development
April 12, 2024

“Delhi has the good fortune to get an opportunity of keeping the flag of nations' prestige flying high.”
- PM Narendra Modi as Delhi prepared to host the G20 Summit

The last ten years of Prime Minister Narendra Modi’s government have set in motion the creation of a New India—from rural to urban, from water to electricity, from houses to health, from education to employment, from castes to classes—a comprehensive plan bringing growth and prosperity to each doorstep.

The National Capital Territory of Delhi has emerged as a pivotal part of this dynamic developmental momentum spearheaded by PM Modi throughout this transformative decade.

The city has been at the heart of the infrastructural shift that has given a dedicated facelift to the entire nation. Today infrastructural marvels like Atal Setu, Chenab Bridge, Statue of Unity, and Zojila Tunnel dot India’s ever-evolving landscape.

With its focus on revamping transportation networks, upgrading urban amenities, and expanding digital infrastructure, the Modi government has launched an array of transformative initiatives. From railways, highways to airports, these initiatives have been key in galvanising inclusive and sustainable development across the length and breadth of the country.

The impressive expansion of the metro rail network has revolutionised urban commuting in India. From a mere 5 cities in 2014, the metro rail network now serves 21 cities across the nation—expanding from 248 km in 2014 to 945 km by 2024, with 919 km of lines under construction in 26 additional cities.

The Union Cabinet has recently approved two new corridors of Delhi Metro Phase-IV—Lajpat Nagar to Saket G-Block and Inderlok to Indraprastha. Both the lines have a combined length of over 20 kms with a project cost of over Rs. 8,000 crore (funding being sourced from the Union Govt, Govt of Delhi, and international agencies). The Inderlok- Indraprastha line will play a significant role in enhancing connectivity to the Bahadurgarh region of Haryana. Additionally, India’s first Namo Bharat train, operating on the Delhi-Meerut Regional Rapid Transit System (RRTS) corridor further underlines the Modi government’s commitment to enhancing regional connectivity and upgrading its transportation infrastructure.

Further, the Bharatmala Pariyojana envisages improved logistics efficiency and connectivity via the development of nearly 35,000 km of National Highway corridors. 25 greenfield high-speed corridors have been planned under the plan out of which four intersect with Delhi’s growing infra capacity: Delhi-Mumbai Expressway, Delhi-Amritsar-Katra Expressway, Delhi-Saharanpur-Dehradun Expressway, and the Urban Extension Road-II. The total project length sanctioned for Delhi is 203 km with an allocation of over Rs. 18,000 crore.

Over the past decade, the Modi government has consistently dedicated efforts towards augmenting capacity and decongestion of airports. After the IGI Airport Delhi became the first airport in the country to have four runways and an elevated taxiway, the expanded state-of-the-art Terminal 1 has also been inaugurated recently. In addition, the upcoming Noida International Airport (Jewar) shall further contribute to decongestion of the Delhi airport which is serving millions of passengers annually.

Besides, the inauguration of the New Parliament has further added civilisational yet modern connotations to the city’s landscape. Inauguration of the Yashobhoomi (India International Convention & Expo Centre) has given Delhi India’s largest convention and exhibition centre, offering a mixed purpose tourism experience. Along with Yashobhoomi, the Bharat Mandapam, a world-class convention and exhibition centre, showcases India to the world.

In terms of welfare, the Modi government has launched several schemes benefitting people hitherto on the margins of growth and development. Women’s safety in Delhi has been a key concern. To address the same, the Modi government strengthened the Criminal Law (Amendment) Act, 2013 by increasing the quantum of punishment for rape, including capital punishment for rape of a girlchild below the age of 12.

The Union Home Ministry established a separate Women Safety Division back in 2018. One-stop centers, Sakhi Niwas, Safe City Project, Nirbhaya Fund, SHe-Box, Investigation Tracking System for Sexual Offences, and Cri-MAC (Crime Multi-Agency Center) among others are significant additions in the government’s campaign towards women safety.

In addition, Swachh Bharat Mission, PM Ujjwala Yojana, PM Matru Vandana Yojana, and Beti Bachao Beti Padhao have further led to the empowerment of Nari Shakti in India.

As India becomes the 3rd largest startup ecosystem in the world, Delhi is also contributing significantly towards this development. Today over 13,000 DPIIT-recognised startups are functioning in Delhi even as the government is promoting self-employment through PM MUDRA Yojana with over 2.3 lakh loans sanctioned worth over Rs. 3,000 crore for FY2023-24 (as on 26.01.2024).

PM SVANidhi, which provides collateral free loans to street vendors, is supporting over 1.67 lakh beneficiaries in Delhi. Further, under the Aatmanirbhar Bharat Rozgar Yojana, launched in 2020 to incentivise employers for creation of new employment and restoration of loss of employment during Covid-19 pandemic, over 2.2 lakh employees benefitted in Delhi.

Further, nearly 30,000 houses have been sanctioned and completed in Delhi under PM Awas Yojana (Urban).

Air pollution has been a recurring problem for the people of Delhi. Conscious of this reality, the central government has launched the National Clean Air Programme as a national level strategy to reduce air pollution level across the country.

The Modi government's tenure over the last decade has brought about a remarkable transformation in Delhi across various fronts. From infrastructure development to governance reforms, from education to employment, the government's initiatives have left an indelible mark on the capital city. As Delhi continues on its journey of progress and development, the contributions of the Modi government are set to shape its future trajectory for years to come.