Call Us: +91-11-23073004, 23073042 | Mail:

Editor speak »

    November 2016

Black money crackdown


Before Prime Minister Narendra Modi's coveted “ Income Disclosure Scheme”was launched, the previous Governments floated many such schemes periodically to the effect of only slowing the burgeoning black money market. However, they found themselves inept to cease its growth, resulting in a thriving parallel economy without any contribution to India’s   development. What made Modi’s IDS-2016 a resounding success story is the way it was carried out nationwide with vigour and determination of our bureaucrats, especially the rigorous toiling and complying done by 2009-batch IRS officer Dhruva Purari Singh to foresee the immaculate execution of this monumental task with highest integrity.
Our Cover Story in this edition pertains to Singh’s probing acumen with the help of the Kolkata Income Tax Investigation Directorate and the Patna Directorate that uncovered a large paper trail of penny stocks and shell companies in turn unravelling large syndicates of Long Term Capital Gains through the BSE-listed penny stocks amounting to a staggering Rs 38,000 crore which also compelled the defaulters to declare their black money under the duress of Singh’s discern.
During his crusade against black money, Singh was subjected to sundry impediments by prominent people crossing his path, while he held his own through astute dedication. With all the chanting to bring back a foreign stash of black money, the work done by this IRS officer has proved to be a ray of hope not only to the Government but also to society as a whole. 
To usher in an era of self-reliance the call for infrastructural foundation and widening the  tax base has been recognised by the Government and through the IDS-2016, the Government is a few steps closer.  
Although the Government’s certification programme for the honest taxpayer is a step in the right direction, this win would be incomplete without giving due recognition to the work of IRS officer Dhruva Singh whose service colleagues want parity with the IAS. While the move will not necessarily ease the burden of the Seventh Pay Commission report and OROP payments on the Government, it will act as a breather. The Government needs to come true to its general election promise of much-needed development of India with its cautious optimism of necessary boosting of the economy at a time when the morale of civil servants holds a bright ray of hope.


Sign in with
Or procced without registration
11/5/2016 7:02:37 PM

Dhruva Purari Singh is one among the many unsung heroes of India.

11/3/2016 11:51:04 PM

Wonderful work..truly inspirational..his work must receive due recognition

» Previous Editorials:

December 2017, November 2017, October 2017, September 2017, August 2017, July 2017, June 2017, May 2017, April 2017, March 2017, February 2017, January 2017, January 2017, December 2016, December 2016, November 2016, November 2016, October 2016, October 2016, September 2016, September 2016, August 2016, August 2016, July 2016, July 2016, June 2016, May 2016, May 2016, April 2016, April 2016, April 2016, March 2016, March 2016, February 2016, February 2016, January 2016, January 2016, December 2015, December 2015, November 2015, November 2015, October 2015, October 2015, October 2015, September 2015, September 2015, September 2015, July 2015, July 2015, June 2015, June 2015, May 2015, May 2015, April 2015, April 2015, March 2015, March 2015, February 2015, February 2015, February 2015, January 2015, January 2015, December 2014, December 2014, November 2014, November 2014, October 2014, October 2014, September 2014, September 2014, August 2014, August 2014, July 2014, July 2014, June 2014, June 2014, May 2014, April 2014, March 2014, February 2014, January 2014, December 2013, November 2013, October 2013, October 2013, October 2013, October 2013, September 2013, August 2013, July 2013, June 2013, May 2013, April 2013, March 2013, February 2013, January 2013, December 2012, November 2012, October 2012,