Saturday, January 22, 2011

INDIA And The Black Money


What is Black money ? The money that is illegally accumulated without paying the tax ,and they invest this amount in foreign banks without knowing to the government.
  In India this has been started since 1947 , After the independence , in Nehru government political leaders have started and it has become a tradition in politics from that point of time and decade by decade it has become the main income of culprit politicians . According to a poll in 2009  ,the black money of India in foreign accounts is 73 lakh crores but now it has crossed almost 100 lakh crores that is 10 power 14 ( RS 100000000000000) .

 This would be different if we punish the culprits at the starting itself , if  this continued than India will go to Underdeveloped stage from a developing country. .Only supreme court can clear this,if it could bring stress on the government on this issue than the government can have the details of the Indian Swiss bank accounts. The bank may provide details if the government keeps pressure as it is the National income of the country.


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