According to a survey – “Indian Black Money in Swiss Bank” In 2006, the most recent Global Financial Integrity study, shows that the average amount stashed away from India annually during 2002-06 is $27.3 billion (about 136,466 crore). It means that during the five-year period the amount stashed away is 27.3×5=136.5 billion (about 692,328 crore). It is not that all these amounts went to Swiss banks. It has gone to different tax and secret shelters. The share of Swiss banks in dirty money being a third of the global aggregate, some $45 billion out of the 136.5 billion stashed away from India would have been hoarded in these years in Swiss banks. The important point is that this is only for five years. More amounts were stashed away during the Nehruvian regime. So the loot for 55 years will be several times higher. In fact, in those days the rupee commanded a better value per dollar. So fewer rupee could get more dollars. So the estimation that the Indian money stashed away may be of the order of $1.4 trillion (about Rs 71 lakh crore).
Here my question is this is a very few crores we cant even imagine for the total Black money,,,in India … Please suggest the ways (possible) to get this money back or convert it into White…
Simplest way is to put a ban to high amount notes like 100/-, 500/-, 1000/-
The large amounts payable as bribes in these currency appear small bundles would then have to be paid in trucks!
😛
According to a survey – “Indian Black Money in Swiss Bank” In 2006, the most recent Global Financial Integrity study, shows that the average amount stashed away from India annually during 2002-06 is $27.3 billion (about 136,466 crore). It means that during the five-year period the amount stashed away is 27.3×5=136.5 billion (about 692,328 crore). It is not that all these amounts went to Swiss banks. It has gone to different tax and secret shelters. The share of Swiss banks in dirty money being a third of the global aggregate, some $45 billion out of the 136.5 billion stashed away from India would have been hoarded in these years in Swiss banks. The important point is that this is only for five years. More amounts were stashed away during the Nehruvian regime. So the loot for 55 years will be several times higher. In fact, in those days the rupee commanded a better value per dollar. So fewer rupee could get more dollars. So the estimation that the Indian money stashed away may be of the order of $1.4 trillion (about Rs 71 lakh crore).
Here my question is this is a very few crores we cant even imagine for the total Black money,,,in India … Please suggest the ways (possible) to get this money back or convert it into White…
By paying Tax at the right time
prakash
student get higher posts
vishnuprasanth
strong rules
[email protected]
pandam matrum murai
magesh
create awareness to youth about black money
youth should participate in election
strong action against black money holders.
Saurabh Singh
Simplest way is to put a ban to high amount notes like 100/-, 500/-, 1000/-
The large amounts payable as bribes in these currency appear small bundles would then have to be paid in trucks!
😛
Basha
First we want to true to them self then do our duties as best as possible..