Will Black Money Ever Come Back in India?
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July 28, 2015 at 11:04 am #70172unknownSpectator
Indian Rupees of 70 lakhs crores are lying in Switzerland banks, as per news sources. This is the highest amount lying outside any country, amongst 180 countries of the world.
As the TV news channels showed a few months ago that the Swiss Government has handed over the details of Indian Bank Account holders in their Banks.
Now, it is upon the intention of the Govt. if it is really interested to bring the money back.
However, just saw a new section in the income tax filing section “Form 6 for Undisclosed Foreign Assets”.
Don’t know how far it will be effective. What do you think friends?July 28, 2015 at 1:54 pm #80859unknownSpectator
Recently, due to international pressure, the Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it.. Indian government is not asking for the details… ..Guess why?
This huge amount has been appropriated from the people of India by exploiting and betraying them. Once this huge amount of black money and property comes back to India , the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably.
We, therefore, need to start a movement to pressurize the government to take necessary steps to disclose the names of those dishonest Foreign A/c holders and bring back the Money to India! This is perhaps the only way, and a golden opportunity, to expose the high and mighty and weed out corruption!
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