Sunday 30 October 2011

GD TOPIC


Black Money:

Income as from illegal activities that is not reported to the government for tax purposes.
Examples of such black money can be found in benamy transactions in sale/purchase of 
properties

According to surveys Indian contains 1500 dollars black money in Swiss banks, India is the top most country containing black money in Swiss banks.

This is so shocking it is equal to 13 times to the our foreign debt ,if we use these black money for development we can be the no one in the world

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. No marks for guessing why?

Because there are so many politicians and government officers, cricketers, stars containing black money.

So the government would not paying interest to get the details of the Account holders whose contains black money in their Swiss accounts

We need to start a movement to pressurize the government to get details of Indian account holders in Swiss bank.

The unaccounted money also feed India’s rampant corruption machine, including election campaign.

A study by the Mumbai-based Center for Monitoring Indian Economics (CMIE) found that each parliamentary poll generates between $10.19 billion and $11.33 billion of black money.

India’s biggest taxes dodgers are service provide employees and wealthy doctors and lawyers.

By using money laundering the black money converted in to white money.

Recently we saw 2g scam in this 174, 00, 000 money turned in to black money.

The governments must pay concentration to reduce the black money.

The getting of black money to India from Swiss banks it will so help to India for development.