In the last couple of weeks, there had been huge hue and cry on making a list of possible foreign account holder who might have evaded tax and stashed black money abroad. To begin with, this list was a leak and not an official information provided by the banks. Though the government has/has not been making effort to get additional details on the transaction for these accounts, there seems to be little or no progress.
There have been allegations that the government is trying to shield these people because they are the rich elite. Even if these allegations were true, I really don't see what is to be gained by making the list public and shaming them. From the foreign banks perspective, the Indian govt would be encroaching the private affairs of people without substantial proof, this would only derail further cooperation from the banks. The so called "good intentioned" politicians across parties are making it worse by trying to portray individual wrongdoings as the party's responsibility. Doesn't this further deter the lawmakers of the country to work in the interest of the country because it harms the image of the political party overall? This issue has been milked so much that even a political nobody like AAP have become champions in foreign relations and treaties and are hogging prime time space on television. Don't even get me started on the idiots on twitter, who tweet and retweet the Rajiv gandhi and 10K crores stashed list.
It becomes even more stupid when the Supreme court tries to dictate terms in administrative matters and the morons on the news channel hail its judgement as historic. For some reason Ram Jethmalani and Subramaniam Swamy become the most sensible folks for these people. Hope sense prevails and the supreme court keeps these names confidential till all investigations complete.
http://ibnlive.in.com/news/black-money-case-fallout-india-pulls-out-of-multilateral-information-sharing-agreement/509414-7.html
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