Black Money Issue
The recent developments in the matter of tracing the black money has brought out some thoughts in my mind.
Most of us are aware that all the Swiss Bank is one of the most talked about destination for Black Money. It includes the money earned from corruption and the genuine money also but to avoid Taxation. Now, for last 4 decades this is happening and for last 4 years only , this issue is being taken seriously by the politicians and activists.. The amount as per one of the most reputed Not for Profit organisation: Global Financial Integrity is around 34 Lac Crore !!.. Well, this is just an estimation..The amount could be much more.. However, even this amount reflects that how many people and how much magnitude of corruption is taking place in our daily lives. And this is no doubt directly correlated with our financial and economic well being.
The trace of the black money is possible, but there is no intention by the political parties and or power centers as most of the high end corruption is a chain effect and takes place with the help of all such people involved in the machinery. If some people are traced, the whole chain will start getting unfold,, and this involves all sides of political arena and hence their own mutual interests are to be protected by them mutually... Hence, take for granted that Black Money will never come back.. At the best, just to fool and pacify we Indians, there will be some scapegoats and some few grains will be thrown to our thinking to be cool !!
The recent developments in the matter of tracing the black money has brought out some thoughts in my mind.
Most of us are aware that all the Swiss Bank is one of the most talked about destination for Black Money. It includes the money earned from corruption and the genuine money also but to avoid Taxation. Now, for last 4 decades this is happening and for last 4 years only , this issue is being taken seriously by the politicians and activists.. The amount as per one of the most reputed Not for Profit organisation: Global Financial Integrity is around 34 Lac Crore !!.. Well, this is just an estimation..The amount could be much more.. However, even this amount reflects that how many people and how much magnitude of corruption is taking place in our daily lives. And this is no doubt directly correlated with our financial and economic well being.
The trace of the black money is possible, but there is no intention by the political parties and or power centers as most of the high end corruption is a chain effect and takes place with the help of all such people involved in the machinery. If some people are traced, the whole chain will start getting unfold,, and this involves all sides of political arena and hence their own mutual interests are to be protected by them mutually... Hence, take for granted that Black Money will never come back.. At the best, just to fool and pacify we Indians, there will be some scapegoats and some few grains will be thrown to our thinking to be cool !!
