37.8 C
Dubai
Saturday, May 18, 2024
spot_img

World News | ED ‘completely independent’ in its work; not for retaliation: Finance Minister Sitharaman

[ad_1]

WASHINGTON, Oct. 16 (PTI) Finance Minister Nirmala Sitharaman said the work of the Enforcement Directorate was “completely independent”, refuting allegations that the government used it for political or retaliatory purposes.

Sitharaman denied passing through its two wings, the Directorate of Income Tax and Enforcement (ED), at a press conference Saturday at the end of a trip to Washington, where she attended the annual meetings of the International Monetary Fund and the World Bank.

Also read | The Chinese Communist Party convened a major congress to support President Xi Jinping’s record third term in office.

“Well, the ED is completely independent in its work, it’s an agency that goes after predicate offenses. Any other agency, whether it’s the Central Bureau of Investigation or any other agency, has found the first violation, and the ED steps in, “Sitharaman said.

She dismissed concerns about the malicious intentions of using such institutions to fight some private capital and civil society.

Also read | Russian military range shooting: 11 killed and 15 injured in “terrorist attack” at Belgorod training ground.

It is widely believed that these institutions are used to hunt down parts of private capital, but also civil society. The conviction rate for ED is very low. However, there is a sense that this is a process that has become very difficult for civil society institutions that have been investigating. The Minister of Finance was asked, do you want to clarify and reassure the think tank community about the role of education and information technology?

However, Sitharaman said that whatever the ED does, it’s only after getting the proper information and evidence.

“Initially, the ED didn’t show up anywhere. I don’t want to comment on individual cases or methods, but sure, there are cases that are so prominent that if the ED goes there, it has some prima facie evidence in its hands,” Sitharaman said.

(This is an unedited and auto-generated story from the Syndicated News feed, the body of the content may not have been modified or edited by LatestLY staff)



[ad_2]

Source link

Related Articles

Saudi Arabia Implements Tax Exemption for Duty-Free Stores, Following Approval

Saudi Arabia Implements Tax Exemption for Duty-Free Stores, Following Approval In a significant development, Saudi Arabia has approved a tax exemption policy for duty-free stores...

SGX FX partners with Rand Merchant Bank (RMB) as its newest liquidity provider

SGX FX partners with Rand Merchant Bank (RMB) as its newest liquidity provider 16th May 2024, SGX FX, through its eFX trading solutions platform for global...

Biden Trade Resolve: US Imposes Major Tariffs on China Imports, Continuing Economic Vigor.

Biden Administration Takes Firm Stance on Trade: Imposes Major Tariffs on China Imports In a significant move signaling the Biden administration's resolve on trade issues,...

India Restores Diplomatic Immunity to Canadian Province Trade Representative

India Restores Diplomatic Immunity to Canadian Province Trade Representative The decision by India to restore diplomatic immunity to a Canadian province trade representative marks a...

Fahd Khatri: Pioneering Terracotta Artisanship and Sustainable Living in Dubai

In the bustling metropolis of Dubai, Fahd Khatri, the founder of ARK Naturals, is redefining luxury with a touch of the earth's oldest crafts....

Latest Articles