Preview

Black Money in India

Good Essays
Open Document
Open Document
970 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Black Money in India
Swiss bank revealed India has more money than rest of the world

This is so shocking.. ..If black money deposits was an Olympics event..
India would have won a gold medal hands down. The second best Russia has
4 times lesser deposit. U.S. is not even there in the counting in top five! India has more money in Swiss banks than all the other countries combined!

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?

We need to start a movement to pressurize the government to do so! This is perhaps the only way, and a golden opportunity, to expose the high and mighty and weed out corruption!
.
Please read on..and forward to all the honest Indians to.. like somebody is forwarding to you... and build a ground-swell of support!for action !
.
Is India poor, who says? Ask the Swiss banks. With personal account deposit bank of $1,500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country 's foreign debt, one needs to rethink if India is a poor country?

DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS,
IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them. This amount is about 13 times larger than the country 's foreign debt. With this amount 45 crore poor people can get Rs 1,00,000 each.

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

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Illicit: the Dark Trade

    • 306 Words
    • 2 Pages

    In today’s world criminal organizations play a huge role in almost every form of trade that isn’t always seen or noticed by the general population. Since the 1990’s illegal crime related trade has increased at a rate of seven times faster than your everyday normal legal trade. It is estimated that in the future “Dark Trade” will reach a level of approximately 10% of all the trade that goes on. Ten percent of all the trade being affiliated with illegal actions is a very large number. Essentially 1 in 10 transactions will have either a form of scam, smuggling, or any other illegal activity involved with them. A very popular form of this dark trade is producing counterfeit products and selling them as legitimate. Examples include counterfeit prescription, non prescription medicines and counterfeit name brand bags. Although the list goes on forever to things that are being produced in a counterfeit manner these are just a couple of common examples. Essentially where a crime organization sees a chance for profit, they are going to take it. The ways that this is done are numerous.…

    • 306 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    As it can be seen, there was much conflict between the North & South in Vietnam. The question is what conflicts initiated the Cold War. The relationship between the both states already had difficulties from the beginning of time. In the South, they usually contained a smaller population than the North but were consequently growing as a group. As everyone knows that a great relationship has to be built by a trust, that was the one thing between the states they did not possess.…

    • 289 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    During English class, I read a story called “ A Rupee earned” by I.F Bulatkin. When I was reading this story, the experience made me feel like I am the son in the story. In the story, the son is a very lazy person which never done the work before and doesn’t know the value of hard earned money. He was told by his father if he can earn one rupee, he can take care all of his father's inheritance. He thinks is very easy to earn one rupee. Just like me, I’ve been very lazy throughout my life. If I wanted something, I will just ask my mom for it. One day she said “ If you want something, you have to work for it.” , then I try to do all the work she told me to do, but I keep procrastinating just like the son in the story.…

    • 620 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Discuss the importance of Joe Gargery and the life of the forge in the presentation of the central issues of Great Expectations.…

    • 1701 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    My name is Anita Smith. I have a BS degree in healthcare administration. My goal is to one day operate my own home healthcare agency. The reason why I chose this field is because it focuses on the health of individuals, families and communities by analyzing and developing healthcare programs. Health administrators work to administer, lead and manage healthcare systems in places like hospitals or nursing homes. Since I like working and helping people, being a healthcare administrator will allow me to work closely with other healthcare professionals to make sure that the patients receive the best possible care. They also manage programs that teach healthy lifestyle habits and prevention of disease and illness, in the hopes of promoting a…

    • 144 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    India, despite all glorious statistics and rankings, today is a part of the league of third world nations. Do cite a very clear definition of global economies; first world countries are the developed capitalist countries where we place US, Russia. Second world countries are the socialist economies, China being the best example of the same. Third world countries are the developing and the least developed nations of the world. India is a part of this list with African, Asian, Latin American nations falling in queue too. Through this article I’ll first throw light on the major challenges that keep India in the Third world league and simultaneously talk about the constructives that can overturn our years’ long efforts of waving the ‘developed’ flag.…

    • 747 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Counterfeit Money

    • 572 Words
    • 3 Pages

    Counterfeit money is more common than one might think. It comes in all denominations, styles, and colors. Becoming more familiar with United States currency and knowing how to recognize counterfeit money, especially by the quality of printing and paper characteristics, will help protect against the possibility of successful counterfeiters.…

    • 572 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    A review of tax amnesty scheme, From SHAMIM AHMED RIZVI, Islamabad Jul 17 - 23, 2000…

    • 8899 Words
    • 36 Pages
    Powerful Essays
  • Powerful Essays

    Abstract-This paper presents the Embedded System for detection of the counterfeit Indian Paper Currency. The proposed system works with all the types of denominations of Indian paper currency. This system relies on a specific feature of the Indian Bank Notes. The relied feature is not possible to replicate for the counterfeit makers or producers. And there is no foreseeable likelihood that they would be capable to imitate this feature even within a pretty long time. The recognition system is composed of three parts. The captured image is first preprocessed by reducing data dimensionalities and extracting its features by using image processing toolbox in MATLAB. According to the HSV (Hue, Saturation, Value) color space, the work of color feature extraction is finished. The second one is recognition in which the core is neural network classifier. And Finally the result of recognition will be displayed on AVR microcontroller ATMega32. The microcontroller then determines the validity of the note by glowing LED for Counterfeit Paper Currency.…

    • 1426 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    He was known as the 'Big Bull'. However, his bull run did not last too long.…

    • 1562 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Government of India, Economic Survey 2010-2011, 140, (2011), http://indiabudget.nic.in/budget2011-2012/survey.asp (last visited on December 29, 2012). 20 Id.…

    • 6098 Words
    • 25 Pages
    Powerful Essays
  • Good Essays

    How Banks Make Profit

    • 508 Words
    • 3 Pages

    ‘Trust’ bank has opened 10 branches and has become operational on 1/4/2009.on 31/3/2010 it has total deposits of rs 1000 crores. Equity capital of rs. 100 crores divided in 10 crore shares of rs. 10 each. Given this basic data let us try working out basic parameters of banks business ,…

    • 508 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Indian Financial System

    • 7637 Words
    • 31 Pages

    THE FINANCIAL SYSTEM – NATURE, EVOLUTION AND STRUCTURE A financial system is an integral part of a modern economy. An effective system of payment for goods and services enables huge production and the specialization of labor in the economy. The word „system‟ means an ordered, organized and comprehensive assemblage of facts, principles or components relating to a particular field and working for a specified purpose. But the word system in the term „financial system‟ represents a set of closely held financial institutions, financial services and financial instruments or claims. Capital formation in any country is carried out through the various components of the economy. These components are different in their nature, role and functions but finally work as interrelated sub-parts of a structure for the development of the economy. This arrangement of financial institutions, markets and the instruments is called the financial system of a country. Hence, the financial system of a country can be defined as a set of organizations, instruments, markets, services and methods of operations, procedures that are closely interrelated with each other. The financial system can also be explained as a methodical arrangement in the economy that helps to pool the resources from the surplus sectors and redistributes them to the deficit sectors. Some analysts say that the financial system is a group of various units that are continuously engaged in gathering the monetary resources in the economy to allocate them to the needful areas. Each and every entity in the system will address some specific issues and functions meeting the prescribed regulations. A well-developed financial system indicates a strong economy. If the financial system is efficient the mobilization of savings and the allocation of collected resources is also efficient. Money, finance and the credit function are the main concerns of the financial system of any country. Money is a medium of exchange in the financial…

    • 7637 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    as in its educated young population. However Indias growing economic, political and military power will have deep implications on…

    • 721 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Java Basics Book

    • 22819 Words
    • 92 Pages

    While Ziff-Davis Education takes great care to ensure the accuracy and quality of these materials, all…

    • 22819 Words
    • 92 Pages
    Powerful Essays

Related Topics