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! 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? Just read the following details and note how these dishonest industrialists, scandalous politicians, corrupt officers, cricketers, film actors, illegal trade and protected wildlife operators, to name just a few, sucked this country's wealth and prosperity.This may be the picture of deposits in Swiss banks only. What about other international banks ? Indian Black money in Swiss banks - Swiss Banking Association report, 2006 details bank deposits in the territory of Switzerland by nationals of following countries : TOP FIVE INDIA $1,456 BILLION RUSSIA $470 BILLION U.K. $390 BILLION UKRAINE $100 BILLION CHINA $96 BILLION Now do the math's - India with $1,456 billion or $1.4 trillion has more money in Swiss banks than rest of the world combined. We Proud Indians have to trace out the Indian black money when the polities have kept ? where they use ? but they don't have correct tax details.
Our politicians provide this money to terrorist and bar girls.But now it's time to change their attitude. Yes....We Can!
The money that should be used in the development of our country goes to Swiss Bank. Most of the funds allotted for welfare of the people go to the pockets of corrupt bureaucrats and corrupt politicians. And they keep it in Swiss Bank. Can any one suggest an effective solution?
Where black money is not there? there is black money everywhere no matter if you talk about schools, politics and offices.. people are earning keeping their honesty on stake.. they are more involved in making black money and if need is there they are not hesitated in making white money black and black money white ...
yes i m agree with you money that should be used in the development of our country goes to Swiss Bank... and have same question.
The leaders of corruption It is true that India is the leading corrupted nations. There is a huge black money market which the government is aware of but can do nothing about. If the total of the red and black money was added in the Indian perspective we are the richest economy in the world. But this fast growing black money market is making all reform policies useless.
After lot of International pressure, finally Swiss Bank unveiled the names of the countries and India’s name was on top of the list. It is really very shameful, that the entire group of politician, bureaucrats and other famous personalities are the main culprit in weaking and spoiling the image of our country. Today Swiss Bank has so much black money that if this money was used loyally and judiciously, then India would never have asked for any financial help. Even today the impact of this burden lies more on the shoulders of common man than on any of these culprits. Now this is an open looting, where the law makers are the law breakers.
i think we seriously need to start a movement against such traitors who are hiding black money in their swiss bank accounts. it is really shocking that most of the money is indian money in swiss bank. if we stand back at such points, the dirty politicians will continue to relish on that money and the legacy will continue. if all that money was to be brought back to india, we would be a lot better nation. now the question is how do we start the agitation and movement?????
recently the government has taken few steps with concern of black money. it has been said that by paying extra 100% tax the black money could be turned into white money by the culprits who have black money in their accounts. think the culprits should be punished and no impunity should be shown towards them. government is showing unwanted leniency towards them
this is not a statement which would be welcomed by any of the indians. how can a minister say that money cannot be brought back?? why is it that ministers are trying to cover up mess by only saying that black money could be converted to white? why is there no investigation being made so as to find out source of that huge money? all this is because all of these ministers and other people are themselves involved in black money scams.
It is sad that we are having to see these politicians stay in their places despite the fact that they are the looters of huge amounts of indian money. I think government must at once order probe and find out the sources of that money. I am very much sure that if government intervenes at ministry level and asks Swiss bank to reveal the names and bank account details of Indian persons, all the black money can be traced out. But i think all the higher cadre officials are involved in this black money scam so nothing much is being done on this.
