Monday, November 18, 2024
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How media elites moved swiftly to cover for Kejriwal

It may be said safely that India’s liberals have had a bad weekend. First, Arnab resurfaced on Saturday with his new channel Republic TV, bearing with him a tape of Lalu Yadav taking orders from dreaded don Shahabuddin. By Saturday night, AAP was going up in flames with Arvind Kejriwal accused of taking ‘bribes’.

With two big secular superstars under siege at the same time, the battered liberal defenses on Sunday were a picture of despair. In their counter operations, it seems that the media made a tactical decision that Kejriwal was the more valuable asset and proceeded to throw a defensive ring around him.

Rajdeep saving Kejriwal

Well, Rajdeep just looks pathetic playing “defense”. We have all seen the video of him when he is in his element as an “offensive” player.

The bitterness was more visible in this tweet from Hindustan Times’ Harinder Baweja.

HT journo saving Kejriwal

In desperate times, even the most respectable of liberals will not shrink from “whataboutism”. Here is what Siddharth Varadarajan is reduced to.

Wire journo saving Kejriwal

What probe? The Supreme Court has already dismissed the case. Look Mr. Varadarajan sir, I read that in on a website you edit:

Report by Wire

Maybe perhaps Sid Varadarajan does not read The Wire on principle, not wishing to get high on his own supply? That would explain a lot, actually.

Anyway, the same whataboutist approach appeared at the top of leftist propaganda blog Scroll:

Scroll saving Kejriwal

Again, what probe? It’s already dismissed by the Supreme Court. So now we know that those who write for the Scroll don’t read The Wire either.

Also worth noticing here is that “whataboutism” is quintessentially “liberal” quality. Remember they indulged in the same even over the Delhi gangrape verdict by the SC.

Nonetheless, by Sunday night, Kejriwal’s minions were trending #IncorruptibleArvind on Twitter. No surprise there. But here is a tweet that caught my eye.

AAPtars saving Kejriwal

That’s a typical AAP handle, presumably run by some poor sap called Rohit. But “donate”? Interesting choice of words there, possibly indicating the level of despair in the secular camp.

Now I leave it to your imagination how many of the people above have had to “donate” their tweets over the last 2 days.

Hug a liberal. They have had a terrible weekend.

Senior AAP leader accuses Arvind Kejriwal of taking ₹ 2 crore ‘bribe’

Rather than having a quiet morning, Arvind Kejriwal and his supporters were in for a shock on Sunday when their party leader and erstwhile cabinet minister Kapil Mishra in a press conference shockingly alleged that he had personally seen Kejriwal receiving Rs 2 crores in cash from Delhi Health Minister Satyender Jain at the former’s official residence.

This incident of Kejriwal accepting cash is supposed to have happened day before yesterday. Kapil Mishra claims that he asked Kejriwal about the cash, but the AAP supremo told him that it was part of politics and he will explain things later. Mishra didn’t find this a satisfactory answer and decided to take the matters further.

He claims that he met Kejriwal again and told him that he will report it to the LG Anil Baijal and also to the Anti-Corruption bureau. He claims that he was removed as a cabinet minister after he disclosed his intentions of exposing corruption within the party.

AAP maintains that Kapil Mishra was removed from the cabinet because he was not performing well. But Mishra says that this is an excuse to hid corruption. He asked that if he indeed was under-performing and people were unhappy with his department (water), why was the party and senior leaders claiming water distribution as one of the chief achievements of the Kejriwal government.

Although it is not yet clear why 2 crore rupees were given to Kejriwal by Jain, Mishra made accusation that Jain had allegedly told him that he had settled land deals worth 50 crores for Kejriwal’s relatives.

After making the allegations, Kapil announced that he will provide details and make a statement in front of the CBI and the Anti-corruption bureau tomorrow.

Even though Kejriwal had so far remained free of any such accusations, the same can’t be said of Satyender Jain. In the past we had reported how he has allegedly been involved in buying about 200 acres of land in and around Delhi via Hawala money.

Mishra has said that he is confident that Jain will go to jail. He said the same to another senior leader Kumar Vishwas, who is supposed to be close to Mishra:


Mishra’s allegations are not the only thing that the party has to fight at this moment, there is another matter of the Union Home Ministry seeking information about the party’s foreign funding.

West Bengal the only state that refused to participate in Modi govt’s cleanliness survey

Recently Indore was declared the cleanest city in India and Bhopal, Visakhapatnam and Surat followed it in the rankings. The rankings were based on the Swacha Survekshan Survey-2017 which was carried out by the government which covered 434 cities. This survey also let to the conclusion that Gonda in Uttar Pradesh was the dirtiest city in the country.

These rankings were a good source of information for both the citizens and authorities of various cities to gauge as to where did their city stand with respect to the rest of the nation in terms of cleanliness, and thus what more should be done to make their city better. This information though would sadly not be available for the people in West Bengal as it was the only state in the country which had not participated in the survey.

Reportedly according to the West Bengal’s Urban Development Department, the Mamata led government had shown no interest in participating in this survey as it has apparently launched its own spin-off of the Swacha Bharat Abhiyan in form of Mission Nirmal Bangla. Hence it thought there was no point in participating in the survey. Had the West Bengal government given a go ahead for the survey, as many as 60 cities in West Bengal would have been eligible for participation.

This isn’t the only time the Mamata led Bengal government has been lukewarm to the center’s initiatives. It was pointed out by our columnist Ashutosh Muglikar that the pilot Direct Benefit Transfer scheme in fertilizers could not be implemented in Malda and South 24 Parganas district in West Bengal as the state government had not shown any interest for the same. He also pointed out that the Bengal government was also lacking in Direct Benefit Transfer when it came to Public Distribution System. Incidentally Mamata Banerjee had also skipped the Niti Aayog meeting in April.

Mamata has also been averse to letting the center’s schemes operate in her state under their original names. We had reported in March about how the Mamata government was renaming the center’s schemes like Swacha Bharat Abhiyan, Deen Dayal Upadhyaya Antyodaya Yojana and the Pradhan Mantri Gram Sadak Yojana(Pradhan Mantri was struck off) as she wasn’t happy with the 60:40 expense share between the center and the state for these schemes.

When journalists tried to drag religion in Nirbhaya gangrape verdict

Padmashree Rajdeep Sardesai knows the art of trolling. And he makes no bones about it. On 5 May (Thursday), minutes after the Supreme Court upheld the death sentence given by the Delhi High Court to the convicts of 16 December 2012, gruesome gang-rape and murder case, Sardesai tweeted:


Rajdeep’s tweet has invited strong reactions from Twitteratis. The Tweet is disgraceful to say the least.


At a time the nation was unitedly rallying behind the Supreme Court on the much-awaited verdict, Rajdeep Sardesai showed how to stand divided. This line was soon picked up by almost every journalist and ‘activist’.

The 16 December case and the Bilkis Bano gangrape case are two different cases and must be seen in two different contexts. In the both the cases, the crime is unpardonable and the convicts do not deserve any mercy. But what is the point of bringing in a communal riot case? There are many rape-cum-murder cases, victims being Hindus, where the perpetrators have not received death cases. It is shameful that we are being forced to identify victims as per their religion, thanks to this ‘debate’ triggered by likes of Rajdeep.

If Rajdeep’s tweet was not sinister in itself, a controversial journalist called Rana Ayyub came up with even more absurd tweet:


The tweet has two glaring errors. Kausar Bi who? She is the wife of Sohrabuddin Sheikh, an arm smuggler and extortionist, who was working for Lashkar-e-Taiba and the Inter-Services Intelligence (ISI). Kausar Bi, like her husband Sohrabuddin, was allegedly killed in a “fake encounter” by Gujarat ATS in 2005. The allegation that she was raped is unsubstantiated and made by a person who changed his statements.

On the other hand, Bilkis Bano is a riot victim. It is unfair to bring both in the same bracket and Rana Ayyub did that to score brownie points. Second, Bilkis Bano is alive, but Ayyub made a fool of herself saying that she is dead.

In fact, she killed Bilkis Bano again almost an hour later, which confirmed that she was deliberately pushing a blatant lie:


Almost every journalist and ‘activist’ pushing the same communal line can not be a mere coincidence. It is time they introspect who is really communal – who can count religion of even dead bodies.

Fake news against Smriti Irani a ‘punishment’ for taking on Rahul Gandhi?

Onslaught against Union Minister of Textiles Smriti Irani is not new to the world of news. Ever since she took on the Gandhi scion in Congress bastion Amethi, she has been a regular target of attacks from Congress and its hit-job brigade.

Latest in the series of planted stories against Irani is her husband Zubin Irani’s involvement in an alleged land grab case in Madhya Pradesh.

Here is a fact sheet of the case on which the Congress was pining its upon to target Smriti Irani:

  • Jagran’s Nai Dunia published an article on 4 May stating that Union Minister’s husband had illegally acquired land that belonged to a government school in Umaria district.
  • It was alleged that a company owned by Smriti Irani’s husband was the guilty party (the school principal had made allegations). Subsequent to the news break, and inquiry was undertaken by the local administration.
  • Company which owns the land meanwhile issued clarification [link] that the land in question was purchased by them following due procedures and Union Minister or her husband are no where involved in the process.
  • Further, the company clarified that the husband of the Union Minister was just a shareholder and not a Director of the company.
  • The District Collector and SDM in Umaria completed their own investigations and they found that the allegations of land grab by the company was incorrect.
  • Jagran then published the findings of the investigations and updated their report with company’s rebuttal and investigation outcome.
Hitjob no. 1 against Smriti Irani

Congress supporters still tried to sensationalize the issue but could not succeed owing to the lack of substance in the story.

Shifting goal posts, Congress supporters then started sharing another news article, this time in Patrika daily, which stated that registry of a piece of land owned by Smriti Irani’s husband was done at the residential address of former Riva MP.

Patrika newspaper clip
Hitjob number 2 against Smriti Irani

Now let’s see the facts in this case too:

  • Land in Umaria was purchased by Zubin Irani in the year 2016 and as per the land registration procedures, two addresses have to be registered – one local and one permanent.
  • Pragya Tripathi, daughter of former Riva MP, whose address is cited in the registry is known to have family relations with Smriti Irani and her family.
  • Pragya Tripathi had offered Smriti Irani to give her address as the local touch-point in the registration process.
  • While article only mentions that Tripathi’s address was used for registration, it does not highlight whether it was cited for the field of local address or the permanent address.
  • I got in touch with Pragya Tripathi to learn about the details. She stated that some people had approached her to ask if her address was registered for the land under Zubin Irani’s name to which her answer was affirmative as a local resident of the district.
  • However, Pragya Tripathi confirmed that no one from Patrika had approached her to find details of the entire matter. It is pertinent to note that article which is widely circulated by Congress on social media does not care to mention about the local address and the permanent address.

It is not surprising that the land, which was purchased by Zubin Irani in his personal capacity last year, suddenly became a topic of interest for Congress. They never cared to explain what was wrong in buying a land legally.

It appears that Congress is desperate to create some counter allegations after the Gandhi family was found embroiled in land deals. The party is further scared about the family’s image after BJP won 4 of 5 assembly seats falling the Lok Sabha constituency of Rahul Gandhi. The party is afraid that Irani might beat Rahul in the next Lok Sabha elections.

As the not-so grand old party contemplates to coronate Rahul Gandhi as the Party President this year, they are working to try and build his credibility. And Smriti Irani’s work in Amethi is doing no good to them. Irani’s strong presence in Amethi has compelled Congress to resort to cheap tricks against her in an attempt to restore Rahul’s credibility as Amethi MP.

Recently, due to efforts of Smriti Irani, Rahul Gandhi was forced to vacate hospital guest house in Munshiganj that he was using for personal-political purpose. Hospital run by Sanjay Gandhi Trust had illegally given hospital premises to Rahul Gandhi. Land meant for free health services to poor was given to Rahul by trust.

Recently, Smriti Irani had informed that the Jagdishpur Steel factory will soon resume its operations. Rahul Gandhi, despite having Congress government at the center for 10 years was not able to re-open the steel plant that was shut down soon after it started. Many local people were promised jobs, which they never got.

Apart from this, there are cases like Amethi-Unchahar railway link, land grab allegedly by Congress to benefit a Cycle company, and others. These examples show the commitment of Irani to the people of Amethi even though she had lost the elections. With some of these cases being related to land grab, it is not surprising that a fake land case is being leveled on her husband to extract ‘revenge’.

Not wearing burqa while stone-pelting is against Islam: Hizbul Mujahideen

In past couple of weeks, pictures of school and college going Kashmiri girls and women pelting stones at Indian security forces went viral. These young women were reportedly from various government colleges of Kashmir and were protesting against alleged injustices by the Indian army and security forces.

The pictures made it to international media where it was argued that India has virtually lost Kashmir as the next generation of Kashmiris, including girls, were ready for pitched battles. In response, government was reported to be planning to raise women police battalion to take these women stone-pelters.

However, before the women policemen could take them on, Hizbul Mujahideen has cautioned the women to stay away from the stone-pelting. It should be noted that the current phase of violence in Kashmir was triggered after Burhan Wani, the commander of Hizbul Mujahideen was killed by security forces.

Zakir Musa, the man who succeeded Burhan Wani in the terrorist organisation, has released an audio message asking women to abandon stone-pelting and stay at home.

In fact, he virtually went on to blame the young women for the mess Kashmir is in today because they were not wearing burqa while pelting stones.

“I want to tell the sisters that whatever you are doing is against Sharia law, as pelting stones without being in veil is un-Islamic. In Islam, there are no such protests and that is why Allah is punishing us in the form of occupation (sic),” he is reported to have said in his message.

He further told the women that their brothers (terrorists like him) were alive and thus women did not need to indulge in such acts that were against Islam.

Zakir Musa had earlier in March asked people to throw stone at security forces “for Islam”.

“Whenever we are fighting with gun or throwing rocks, this should not be for nationalism but for Islam,” he had said back then. Perhaps he failed to clarify back then that he was addressing only men and not women, for whom he has additional instructions like staying at home or at least wearing a burqa.

The latest statement by the terrorist organisation has once again confirmed that the current “agitation” in Kashmir is not for something called “Kashmiriyat” but for “Islam”. It is more about religion than politics, as an earlier article on OpIndia had argued.

ISI agents in India – arrests in Uttar Pradesh and Mumbai hint at active network

On 3rd May, the Anti-Terrorism Squad (ATS) of Uttar Pradesh had arrested a suspected ISI agent named Aftab Ali from Faizabad who was reportedly involved in running an espionage racket in the state. The report had also claimed that Aftab had received training in Pakistan from the ISI and was also in constant touch with the Pakistani High Commission officials.

Reportedly one of the tasks of Aftab was keeping a close eye on our Army troop movement between Faizabad and Lucknow and the deployment of army battalions. It was also claimed that Aftab had gathered information on several army cantonment areas and defense establishments in UP. Aftab was sent to a 9 day police remand on 5th May.

This incident seem to be only the tip of the iceberg with further arrests being made in relation with ISI agents operating in India. According to reports, a man named Altaf Qureshi was also arrested on 3rd May from South Mumbai. Qureshi is reportedly been touted as a hawala operator who also used to work for the ISI.

This collusion apparently doesn’t end here. Qureshi apparently was part of the Hawala business at the behest of a man named Jawed Naviwala, who is also a Hawala trader and possibly the boss of Qureshi. This led to the arrest of Naviwala on the following day from Agripada. Naviwala reportedly is a relative of Aftab Ali, the suspected ISI agent who was arrested in Faizabad, and had also transferred  Rs 15,000 to his account.

It was also reported that Naviwala used to get direct instructions from Pakistan and he in turn used to frequently instruct Qureshi to transfer money into Aftab’s account. Though according to ATS sources Navivala has called himself innocent and claims that the Rs 15,000 which he had gotten deposited were for an apparent medical charity.

The presence of ISI and Pakistani spies in India is well known and the authorities keep making frequent arrests in this regard. In October 2016 an employee of Pakistani high commission named Mehmood Akhtar was expelled from India after it was revealed that he was involved in procuring critical details including the deployment of BSF troops along the Indo-Pak border. During that time reports claimed that as many as 50 Pakistani spies have been arrested in India since 2013.

Arnab is back – 6 rules he rewrote as a television journalist

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Arnab Goswami is back on TV. This morning, his new venture Republic TV went live and he started with a bang exposing a telephonic conversation between RJD supremo Lalu Yadav and jailed mafia don cum former RJD MP Mohammad Shahabuddin. The incident is already creating ripples in Bihar and national politics, but Arnab being back on TV is poised to create some ripples in the mainstream media too.

Arnab, in his previous avatar, was the one man machine of Times Now. He headed Times Now almost a decade ago, and has left a lasting impact on not only the channel, which owes practically its entire success to him, but also on the media industry. He may not have aimed at being such a strong and eventually “polarising” figure, but today, he is that figure.

It is because he broke and re-wrote many rules of a television journalist. Here are six of them:

1. The “neutral” host

This is a very interesting proposition. Firstly, the rule is that a media personality hosting a chat or debate, should be a “neutral” person facilitating the debate. It can be argued that most TV journalists and channels are hardly “neutral”, but at least they pretend to be so by not taking a stand on any issue. Arnab changed that.

If we look at the micro-level, analysing each of Arnab shows by itself, the template is clear: He picks a topic, makes up his mind on it, calls guests from across the spectrum of views, and proceeds to bash the guests who are of opposing views. So in any show of Arnab, you will find him harping only on one side of the debate, obliterating his opponents, by volume of by data.

Is this good or bad? It is bad if you believe TV journalists are genuinely neutral. If you are past that stage thanks to the obvious leanings of many Prime-Time hosts, then it is a good thing. Why? While Arnab wears his allegiance on his sleeve for every debate, other anchors prefer to mask it under a veil of “neutrality”. Who is more likely to mislead you? A person who “claims” to be neutral but secretly peddles his own narrative? Or someone who clearly tells you where he stands?

In fact, this is the model followed by most western media outlets especially in the US. The people know the political leanings of every media house, and accordingly alter their sense of scrutiny for news and views of a particular channel. Indian media houses haven’t moved in that direction, but Arnab may have forced at least some to shed their pretense.

2. The journalistic Omerta

It is an unwritten rule which all of media follows: No media person or organisation speaks about the doings or wrongdoings of another media house. Only when the smoke is too much to be contained (e.g. the Radia tapes or sexual assault by Tarun Tejpal) do we hear of such things from media houses. Or else it is just swept under the carpet.

Here too Arnab has changed the rules. Sure, he doesn’t name and shame, but he does enough for all to get the hint. Take for example the time when he referred to Barkha Dutt ever so slyly by saying “those who are using the killing of a terrorist, trying to project Burhan Wani, as an innocent son of an headmaster”. That was enough for Barkha to throw a fit on social media writing multiple blogs, tweets and railing about it for days on end. And he hadn’t even named her. He didn’t even spare journalists from the Times Group, as was seen when he hit-back at Sagarika Ghose who works for the Times of India.

3. Super-prime-time

Everyone knows what Prime-Time is. It is generally the time when maximum eyeballs are glued to the TV screens,  the block of broadcast programming taking place during the middle of the evening. In India, it traditionally meant between 8 pm to 9 pm, after which people are supposed to take dinner and go to bed.

Arnab’s show on Times Now starts at 9 pm and contrary to most TV shows which wind up in a maximum of 60 minutes, Arnab goes on beyond 11 pm on some occasions. This, he termed as “Super-prime-time”. Running two back-to-back TV debates on high octane for well over 2 hours was something unheard of and Arnab pulled it off day-in-day out for years on an end. He eventually began owning the 9 pm slot, even forcing competitors like Barkha Dutt to re-schedule he flagship show.

Even today as Republic TV launched, he chose a rather irregular time slot of 10 AM of a weekend to break an important story. And guess what, he forced at least two news channels – Times Now and CNN-News18 – to follow the pattern and announce their own important story breaks at the same time.

4. Calm, nuanced debates

One of the pitfalls of Arnab’s style of anchoring is there is no place for nuance, no place for the grey. You have to black or white, and depending on which side Arnab is, either get thrashed by Arnab and his panelists or be on the winning side. And more often than not the debates of extremely loud, noisy and unruly.

One reason being the host himself is loud, the second being his panelists may also be those having polar views, and thirdly because he just has too many panelists! (5 times when Arnab went ballistic on the Newshour)

This again can be argued to be not a welcome development, but do note that this article is about what Arnab changed, not for whether that change was good or bad.

5. Being in Delhi

It is called the “Lutyen’s media” for a reason. Most of India’s leading media houses are based in New Delhi, close to the action, where the Central Government is based. And most of India’s leading journalists, have their residences, some even having plush mansions, in the up-market Lutyen’s zone, frequenting the high-society cocktail party circuit.

Times Now though, was headquartered in Mumbai, and so is Republic TV. Arnab beams his views across the world every night from a place that is far away from the political power center. Perhaps being even physically away from Lutyen’s circle of journalists has enabled him to take them on and change the rules as he does.

6. Breaking away from the owner’s ideology

Let’s face it, nobody is 100% neutral. Everyone has their own preferences, leanings etc. So does the Times Group which owns Times Now. In fact, Jains, who own the Times Group, owe their entire current earnings to one decision taken by Indira Gandhi. Leave aside political viewpoint, Times of India also has a clear editorial stance. Take for example the Aman ki Asha initiative championed by Times of India.

Arnab Goswami at Times Now though steered clear of this agenda. He was so harsh on the Congress (as he is with any body who is against him) that the Congress party boycotted his show for many times. Even on Indo-Pak relations, Arnab has a diametrically opposite stand, and doesn’t have any Asha for any sort of Aman. In fact, this difference of opinion between Times Group and their former employee had now taken an ugly shape with the media group serving a string of legal notices to Arnab Goswami.

Army launches ‘Operation Clean Up’ to flush South Kashmir of terrorists

It is the biggest operation undertaken in the troubled Kashmir valley, since 1990s, to flush out the terrorists. Named ‘Operation Clean Up’, the ongoing operation in Shopian district of South Kashmir involves door-to-door search of houses. Around 4,000 troops of Army, CRPF personnel and Jammu & Kashmir police are participating in this massive operation.

The massive operation was launched in the wake of an increase in terrorist activities in South Kashmir. The operation came days after terrorists had attacked a cash van of J&K Bank and shot dead five policemen and two bank guards in Kulgam district in south Kashmir.

On Thursday (4 May), after carrying out the search operation, security forces carried out a ‘reverse sweep’ of the entire region in order to ensure that none of the terrorists had slipped in.

In Delhi, Army chief General Bipin Rawat has indicated that security forces had beefed up the counter-infiltration postures in the valley.

No arrest, however, has been made during the search operation so far. Even as the search operation was the going on, the terrorists, on Thursday, attacked an Army patrol in Shopian leaving a civilian dead and two security personnel injured. Incidents of stone-pelting have been reported in Turkawangan village.

Meanwhile, J&K Police has recovered a diary and a mobile phone belonging to terrorists who attacked soldiers, returning from the combing operation, on Thursday. The diary and the mobile phone yielded reference to three local terrorists and a number of over-ground workers who had helped the terrorists in reaching the spot and carry out the attack, Shopian SP Tahir Khan was quoted as saying.

Stone-pelting on security forces near the encounter sites in Kashmir has been causing major operational problems. Ever since the recent bypoll to Srinagar Lok Sabha constituency, a fresh spurt violence broke out in the valley. There is a palpable tension in the valley with the separatist forces call for a 2016-like protests. This is not to dispute that the stone pelters are deputed by the separatists, who work in tandem with the terrorists.

In response to the violent protests in the Kashmir valley, the government blocked the mobile web access. The move came following reports that as many as 300 WhatsApp groups were being used to mobilise stone-pelter mobs against security forces in Kashmir.

report states that Pakistani and Saudi channels are beaming into Kashmiri homes, via private cable networks, stroking fires in the valley. The channel includes Peace TV of Islamist Zakir Naik, and many other Pakistani and Saudi channels preaching radical Islam.

Mind-boggling figures of inflows and outflows of illicit money to and from India

When Prime Minister Narendra Modi announced demonetisation of the old Rs 500 and Rs 1,000 notes and replace them with new Rs 500 and Rs 2,000 series in November last year to choke the supply of black money stacked inside the country, detractors had back then said that all black money were stashed in Swiss bank.

Recently, a report by the US-based think tank Global Financial Integrity (GFI) has estimated that a staggering $770 billion black money has entered India during the period of 2005 to 2014. The report titled ‘Illicit Financial Flows to and from Developing Countries: 2005-2014’, is the first global study on outflows and inflows of illicit money.

During 2014 alone, about $101 billion black money entered the country, while $23 billion was taken out, the report said.

The report stated that the total illicit financial outflow in India between 2005-2014 period was about $165 billion, which is 3 per cent of the country’s total trade of $5500.744 billion during the same period.

But since accounts in Swiss banks are largely secret, the question is how the data was calculated.

But, this ET report states that the GFI estimate stands out from its previous estimations for adopting “rigorous method” of collecting and analysing information on international trade and balance of payments. Besides using IMF global data on direction of trade, the GFI report has included information from other sources to plug gaps.

The Supreme Court had said that black money was nothing but a plunder of the nation with serious security ramifications. While experts are still working out the final figure, a conservative estimate pegs India’s black money stashed overseas at Rs 400 lakh crore.

After assuming office in 2014, Prime Minister Narendra Modi had set up of a Special Investigative Team (SIT), headed by former Supreme Court Judge MB Shah, to unearth illegal money stashed in tax havens. The MB Shah Commission had submitted five reports to the Supreme Court on methods to curb black money. Citing the disclosure of Panama Papers, the Commission said unless there is the deterrent provision, it would be difficult to get back the stashed money outside the country.

To curb the flow of black money, the Centre in the last three years has taken several initiatives. Of the 175 reported cases of black money allegedly stashed overseas, the CBDT has already filed 164 prosecutions following assessments of sums that add up to Rs 8,000 crore.