By-Class 7-D
India in Danger
• Our India is in danger because of its corruption and poverty . Most of the politicians are corrupt and have Black Money and it is a very bad thing because it is income illegally obtained or not declared for tax purposes . To change India we should help to stop Poverty and Corruption.
Corruption
• Corruption in India is a major issue that adversely affects its economy. A study conducted by Transparency International in year 2005 found that more than 62% of Indians had firsthand experience of paying bribes or influence peddling to get jobs done in public offices successfully. In its study conducted in year 2008,
Transparency International reports about 40% of Indians had firsthand experience of paying bribes or using a contact to get a job done in public office. In
2012 India has ranked 94th out of 176 countries in Transparency International's
Corruption Perceptions Index, tied with Benin, Colombia, Djibouti, Greece,
Moldova, Mongolia, and Senegal.
Black Money
• n India, Black money refers to funds earned on the black market, on which income and other taxes have not been paid. The total amount of black money deposited in foreign banks by Indians is unknown. Some reports claim a total exceeding US$1.4 trillion are stashed in Switzerland.Other reports, including those reported by Swiss Bankers Association and the Government of
Switzerland, claim that these reports are false and fabricated, and the total amount held in all Swiss banks by citizens of India is about US$2 billion.In
February 2012, the director of the Central Bureau of Investigation said that
Indians have $500 billion of illegal funds in foreign tax havens, more than any other country.In March 2012, the Government of India clarified in its parliament that the CBI Director's statement on $500 billion of illegal money was an estimate based on a statement made to India's Supreme Court in July 2011.
List of Black Money Holders
Leaked
• 1- Ashok Gehlot (220000)