First of all the argument of Rahul Gandhi that why NDA did not pursue matter about black money abroad earlier by NDA is idiotic.Only 1.5 year ago a German citizen got hold of list of depositors and then German government kick started recent campaign.But ManMohan and PC kept ignoring this fact cunnigly and quietly.Now when caught by Advani,they are giving foolish arguments and trying to take advantage.
Secondly what is important is not only tax evasion to transfer money abroad.That is not the real issue.
The main issue is the money is not black.It is Red money since it is extracted from the poor people's blood and sweat.The corrupt and profiteering capitalist nexus of politicians,
All this money roughly 6.5+2= 8.5 lac crore equal to central government budget is sucked by the nexus and almost 50% of it goes out of the country. No one in any case will take out and deposit white money and money earned from normal business deals.
Rs 4.5 lac crore per year taken out is huge amount transferred or retained abroad.This is conservative and is minimum that is actually taken out, I can bet.This money is again brought into stock markets through routes allowed by our foolish planners and corrupt politicians to earn quick buck and then again taken out.In other words we are being looted of 10 lac crore annually by the mafia.
With each babu on average making 20,000 Rs per year by theft of public property, over picing government supplies and taking cut from vendors.They also collect huge fee for each government transaction from ration card making to house registration.
Hence swiss and other tax heaven money stashed away is just a tip of ice berg.By orthox projections there must be atleast 150-160 lac crore of deposit and property bought abroad and not little amount amount as made out by Advani and others.It is again highly underquoted.
Besides bringing back 100 lac crores in india we have to see how the loot,bribes and manipulations of financial markets can be stopped.
With such a decay no womder Indians are reeling under poverty and things refuse to improve here.
Prof R K Gupta
www.indiaforce.
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