Black money info cannot be made public,says PM

Manmohan Singh rejected the demand for making public the names of Indians holding black money in foreign accounts

Citing international treaty obligations,Prime Minister Manmohan Singh on Wednesday rejected the demand for making public the names of Indians holding black money in foreign accounts and adding that there was also no instant solution to retrieve the money stashed.

There are no instant solutions to bring what is called black money, Singh told reporters at a function in Rashtrapati Bhawan while asserting that the names of those holding illicit funds could also not be be made public because of treaty obligations. We have some information that has been provided to us for use in collection of due taxes. We cannot use the information for any other purpose, he said.

Singh also voiced confidence that the price situation in the country would be brought under control in a few months time. There are certain factors which are beyond our control. Despite the problem I am confident that we shall be able to bring price stability by March, he said.

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On the issue of JPC demand by the Opposition in the 2G spectrum scam,the Prime Minister asserted that his government was ready and willing to explore any approach to end the deadlock in Parliament. We want that Parliament should be allowed to function and all problems can be debated in Parliament. We are not afraid of any subject being brought up for discussion. Parliament is a forum for discussion, he said.

On the Telangana issue,Singh said further consultations on the matter were also going on. I think the Home Minister had a meeting with leaders of political parties from Andhra Pradesh. They had gone back and will study the report of the Srikrishna Committee. There will be further consultations, he said.

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