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 “Experts say, the parallel economy is over Rs 1 trillion in India”         यह किरीट सोमैया ने नहीं कहा था। किसने कहा, अगर यह पता करना है तो लाइब्रेरी में जाकर लोक सभा का रिकार्ड देख लीजिए, पता चल जाएगा। वे 6 लाख करोड़ रुपये कह रहे थे। 6 लाख करोड़ रुपये का काला धन पैदा कैसे हुआ? उस समय श्री अरुण जेटली वित्त मंत्री नहीं थे, श्री नरेन्द्र मोदी प्रधान मंत्री नहीं थे। उस समय सरकार किसकी थी? काला धन पैदा कैसे हुआ, वास्तव में इसकी चर्चा करने की आवश्यकता है। हमने सबसे पहला काम यह किया कि नया काला धन पैदा न हो, उसका इंतजाम किया। मैं आज विश्वास और दावे के साथ कह सकता हूं कि मुलायम सिंह जी से लेकर सबने इस सदन में यूपीए सरकार के कई घोटाले गिनाए। गत एक साल में मोदी सरकार का एक भी करप्शन का स्कैम हमें कोई बाहर निकाल कर दिखाए। हमारे दूसरे सहयोगी शरद यादव जी ने कहा --

          Sir, I have no doubt that this Government’s approach on black money is doggedly persistent, not adventurist. The hon. Finance Minister will never try to take shelter under ‘Confidentiality Clause’ of DTAA. Rather, he is going to the sources of black money, because unless and until you stop it at source, it is next to impossible to stop black money from going out.

          It was reported that as per the recent study by the National Institute of Public Finance and Policy, black money generated in the country is as much as 70 per cent of the GDP. The lowest figure could be 30 per cent to 40 per cent. Some agencies have even estimated to be 100 per cent of our GDP. But the likely figure seems to be 70 per cent more than our official GDP. It means, you have a parallel economy in the form of black money. So, I urge the hon. Finance Minister to crack his whip at the source of black money; only then we can succeed in our efforts for having a clean economy. Parallely, I would also suggest joining Paris-based Organisation of Economic Cooperation and Development (OECD) new protocol along with other countries which aim to fight black money. It will help free flow of financial and other information on accounts abroad by 2017.

          Nishikantji, show some love to me.  We were neighbours in the VP House… (Interruptions)

HON. CHAIRPERSON: Mr. Nishikant Dubey, please  do not disturb him DR. A. SAMPATH : Sir, I am not going into the statistics.  Various statistics are there.  I have no disagreement with the statisticians.  Let it be there.  But one thing is there. First, the amount of black money is increasing day by day.  Second, the amount of black money stashed outside India is also increasing day by day.  The net result is that there is an ever-increasing parallel economy.  Every day, it is expanding and expanding just like an octopus. We are becoming prey to it. 

          The persons holding foreign account with less than Rs.5 lakh, that is, 10,000 dollars, are protected. My advice here is, unless the Government makes it specific like students’ account or professional account, it may open the Pandora’s box because each family can open different accounts in the name of their relatives and so on and so forth. So, that loophole needs to be plugged.

          As earlier spoken by many speakers, unless black money is checked in the country, there is no point in going abroad. The reason is, the origin of black money starts in India and we have not taken any effective steps here in the country to stop the black money generation. Therefore, for political reason it may sound good but for other practical purposes, it would be extremely difficult to implement this legislation because, as earlier mentioned, as much as 71 per cent of our GDP is a parallel economy which is going on here. It means, presuming our GDP is two trillion dollars, approximately 1.4 trillion dollars worth parallel economy is running here.