New Delhi: Prime Minister Manmohan Singh has spoken out for the first time on the Nira Radia tapes controversy, in a bid to address the concerns of corporate India. He has asked Cabinet Secretary K M Chandrasekhar to look into the issue and report the submit within a month.
The Prime Minister on Tuesday said tapping of phone conversations to be exercise with utmost care.
Singh said that he was aware of the “nervousness” in the corporate sector over the powers to tap telephone for protecting national security, prevent tax evasion and money laundering.
“I am aware of the nervousness in some sections of the corporate sector arising out of the powers conferred upon the Governmental authorities to tap telephones for protecting national security and preventing tax evasion and money laundering. While these powers are needed in a world that we live in, they have to be excercised with utmost care and under well defined rules, procedures and mechanisms, so that they are not misused,” Manmohan Singh said on phone tapping issue.
The Prime Minister has decided to speak out on the phenomenon of phone tapping after top corporate leaders like Tata group Chairman Ratan Tata and HDFC Chairman Deepak Parekh expressed fears that the negativity generated by the Nira Radia tapes would hurt the image of brand India and turn away business.
Singh said the powers conferred upon Government authorities to tap phones in the interests of national security and to prevent tax evasion should be exercised with concern
The Government has committed to provide a conducive atmosphere for the development of corporate sector.
“Private sector plays a crucial role in development of all sectors including infrastructural development. India is a nation of enterpenuers and world class professionals,” Singh added.