A notable decision
The only real decision of note taken by the new government at its first Cabinet meeting on Tuesday, 27 May 2014, was to set up a special investigation team (SIT) under two retired Supreme Court judges, in order to investigate various black money cases.
The Bharatiya Janata Party (BJP) has long spoken of the need to unearth illegal tax-evading accounts held by Indians abroad. Lal Krishna Advani made an issue of it in the 2009 campaign, and Narendra Modi repeatedly raised the matter in this campaign.
Other political players close to the BJP, such as the yoga teacher and entrepreneur Ramdev, have also spoken on the need to repatriate black money.
Indeed, the BJP president, Home Minister Rajnath Singh, promised that black money would be brought back "in 150 days". It is, therefore, natural that the new government should focus early on this issue.
Text: Business Standard
Image Courtesy: AP