NEW DELHI: Continuing his strong advocacy for the supremacy of legislature in the law making process, Finance Minister Arun Jaitley today said all the constitutional institutions in the democracy should draw their own ‘Lakshman rekhas’ and abide by it.
“Every democratic institution should not only introspect but practice restrain,” Mr Jaitley said in an exclusive interview to All India Radio. In wide ranging interview, the Finance Minister touched upon several important aspect of the contemporary state of affairs of the economy, including the growth rate, banking reforms and the issue of black money.
He said never before series efforts and stringent measures were put in place as much the present Government did to bring black money back stashed abroad. The Government was able to prevent tax evasion to the tune of Rs 71,000 crores, he said adding that those keeping their undeclared money abroad were given last chance to voluntarily declare it and pay 60 percent tax.
The measure resulted in the inflow of Rs 4500 crore of money in the country, he said. (AGENCIES)
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