"MONEY IN SWISS BANK UNTIL 2006 YR IS AROUND 66 LACS CRORES "
Raja challiah committee defines any Individual or business organisation knowingly money not shown in the books of accounts is called BLACK MONEY.
Global financial integrity organisation calculations say since 1948 to 2008 the money migrated to overseas is more than 20 lac crores.Apart from this black money under rotation in India itself is more than 25 lac crores.
Ram jetmilani and subash kashyap and few others filed a public litigation case with honourable supreme court to fight against black money and thus supreme court is involved in extracting the money...
The person who earns 5000/- per month even that small employee tries to evade taxes. The sinners of this black money ghost are wide..The sinners list starts from middle class people and ends with richest people who travel in charted flights and migrate billions of crores of rupees to overseas...
Manufacturing organisations produce duplicate products only to evade excise duties and organisations and individuals create duplicate import documents only to evade some custom duties and above all to avoid sales tax and income taxes. People keep on trying to invent new strategies and the money gained from all such sources are not shown in accounts and all these routes paves a way to creation of BLACK MONEY..
Cine actors are well versed to give punching dialouges on screen and do all welfare oriented movies but are they showing the real accounts does any actor or actress will really show the actual remuneration? Factonism and Terrorism is worst evils in India. They harass people and claim lacs of money which are never shown in accounts and they in turn produce movies and Total film and Real estate Industry is corrupted.
The mother of BLACK MONEY is corrupted politicians.Sources say the more than 50% money deposited in SWISS and other overseas banks belongs to politicians and their close relatives..The business tycoons and other related people evade taxes in huge numbers and such money is donated to some damn political parties during elections with a motive to gain from political parties later..The election commission records show the money spent by MLA's and MP's are never real picture..The contestants spend crores and parties spend hundreds of crores of money into elections canvassing but fools shows nominal expenditure and the fools of election commission agree to it...The damn system is corrupted...Irrespective any party congress to communist every party every contestant and every politician is involved in this BLACK MONEY process...
The Bureaucrats includes IAS and IPS officers and other staff who may not open overseas accounts safe guard their money in form of plots and flats and recently ACB raids show the bureaucrats homes safe lockers where full of money and ACB officials needed trolley to carry such cash..This the fate of dying INDIA.
State and Central Govts spends crores and crores of rupees for social welfare programmes and MLA's and MP's and Beuracrats and no exceptions every man hierarchy involved in implementation of social schemes loot the money and finally sources and committee's say only 12 paise in a rupee is passed to Common man..The rest 88 paise in a rupee is again becomes Damn unaccounted money or otherwise called BLACK money...
Whenever there is purchases involved whether it is import of arms and ammunitions or calling of tenders for roads and water and other related works the respective shares of money is transferred to their respective accounts secretly...The people involved in such activities never worked with clean hands...If the seller or exporter denies for corruption then such exporter deal is cancelled....no need to say n number of scams are based on this....
In a year people travelling to Switzerland are more than one lakh people and I don't think so that all these people only going to Switzerland for a pleasure.Mr Arvind virmani says 75 % who are in falling in the tax bracket never pays a single paise towards taxes...
Black money is utilised in stock markets and real estate and the result is the worst company shares which don't even have enough fundamentals are rising madly and similarly the most worst piece of land is priced too much and net result is the common man cannot buy a small piece of land becoz it is too expensive for him..sources say out of total money circulated 50% is black moneys share this results in Govt is losing 50% of income...
Swiss banking association says until 2006 the total money in their accounts from Indians is 66 lac crores..To reconvert and get back this money in books again their are n ways and easiest way is money invested in India through FII's after some time the same company or shares are sold for losses on some benami organisations or individuals and this results in accounted money again...This is simple logic used in stock markets,commodities market,real estate and other related markets..The money invested in last financial year by FII's is nearly one lac 30 thousands crores this may be Indians money but incoming sources might be different..This logics are well known to SEBI and ENFORCEMENT and TAX officials but all are in the system and all are sinners and every one is corrupted...
This evil of black money is not new to world previously America,Australia,Germany,Italy countries undergone this problem but the GOVT's of these countries acted firmly and strongly and crores of money which is looted by Fernandez nachos.Even Pakistan was able to get back the money from bank which is deposited in Benazir and Zardari accounts..
IF we are able to get back the total money deposited in Swiss and over seas accounts we can really perform miracles..Govt can built roads for some lakhs of kilometers,New railway lines can be established..70% of Indian population can be provided with employment opportunities,All the farmers loans can be waived off resulting in no suicides,If one village is rewarded with 4 crores then that village will be guaranteed with full facilities,If the Total black money comes back home, India will be in top 10 of richest countries..Industries will flourish and Indian GDP will touch sky...
President of India MRS Prathibha Patel announced in parliament that she will get back this unaccounted money back to home..In other words All this money is GOVT's money becoz it escaped from the eyes of law so Govt can get back the money...BUT CAN WE DO IT is the trillion dollar question??? Who knows how many of our law makers accounts are with Swiss bank????
SWISS BANK IS THE ONLY BANK IN THIS UNIVERSE WHICH RUNS ON DAMN PRINCIPLE "DEPOSIT MONEY AND DETAILS OF ACCOUNT HOLDER(WHO EVER IT MAY BE) IS KEPT HIGHLY CONFIDENTIAL IRRESPECTIVE OF ANY CIRCUMSTANCES"
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