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| Name | #SabseSolidPMInterview: How Does PM Modi Plan To Return Money Seized By ED To The Poor |
| Video Uploader | Video From Business Today |
| Upload Date | This Video Uploaded At 17-05-2024 09:04:57 |
| Video Discription | #narendramodi #enforcementdirectorate #pmmodiexclusive #corruptions Prime Minister Narendra Modi has said he is seeking legal advice on how to return black money back to India's poor. In an exclusive interview to the India Today Group, the prime minister expressed a commitment to enact reforms to combat corruption effectively, with a focus on distributing seized wealth to victims. The prime minister said Rs 17,000 crore of the Rs 1.25 lakh crore of seized money has already been returned. Real estate constitutes nearly 80% of the value of the seized assets. Senior Supreme Court advocate Vikas Pahwa, however, says the market value of seized assets would be 10 times the stated Rs 1.25 lakh crore. "Majority of them (seized properties) are calculated on the basis of book value. Say a property is purchased in the 70s, 80s or 90s, what I have seen is the value given in the sale deed may be very, very old. So the value of a property purchased then would at least 10 times," he told BTTV. Pahwa cited an example of a house confiscated in one of Delhi's posh areas, which had a book value of around Rs 10-20 lakh when its actual market price was around Rs 30 crore. "If that property is sold in the market, it would say fetch 10% less than the market value then also it will be around Rs 28-29 crore but what is shown in the provisional attachment order is only Rs 10-20 lakh." Pahwa calls the figure of Rs 1.25 lakh crore conservative. "The moment we are able to achieve the disposal of trial, see the kind of money which will be at the central government's disposal if we calculate the market value of the property". ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: https://www.facebook.com/BusinessToday twitter: https://twitter.com/business_today Instagram: https://www.instagram.com/business_today/ |
| Category | News & Politics |
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