India firms shy on black money - Hindustan Times
close_game
close_game

India firms shy on black money

Hindustan Times | ByDebobrat Ghose, New Delhi
Aug 11, 2011 12:50 AM IST

Indian companies may be proactive in sharing platforms with Prime Minister and finance minister to chalk out strategies for the benefits of the corporate world, but when it comes to suggesting ways to tackle the black money menace, it is way behind.

Indian companies may be proactive in sharing platforms with Prime Minister and finance minister to chalk out strategies for the benefits of the corporate world, but when it comes to suggesting ways to tackle the black money menace, it is way behind.

HT Image
HT Image

The central board of direct taxes (CBDT), by setting up a committee on black money headed by its chairman, created an email identification in June to get suggestions and feedbacks from various quarters of the society.

Hindustan Times - your fastest source for breaking news! Read now.

"After creating the email ID, we wrote to all the industry bodies and associations inviting suggestions from them on tackling the black money menace, but the board has not yet received any suggestions from the corporate world," a senior official at CBDT told Hindustan Times.

Major industry bodies and associations such as FICCI, CII, Assocham, PHD Chamber, Institute of Chartered Accountants of India — when contacted said no suggestions on black money have been sent to the CBDT.

"We're working on it," Assocham said.

"We’re expecting some concrete and fruitful suggestions from them on black money issue," the official said.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On