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Thursday, April 2, 2009

Massive black money economy cripples nation

Massive black money economy cripples nation: "It has been revealed that the Swiss Bank Deposits by Indians over the past decades are estimated to have swelled. It is estimated that last year Indians had whopping $ 1, 456 billion in secret accounts, which is more than the balance held by all other nationalities taken together. Russians held $4700 billion, UK US $ 390 billion and China US $ 96 billion.
Once there is a strong will to provide strong barriers to the generation of black money in the country, there is nothing that is difficult. Let the concerned public authorities focus on tracking the black money and their manipulators, and then seize whatever they have, and punish them in a highly deterrent way, so that no one can dare to go for black money. If this happens all black money would become white, and we will become a strong nation. All this hoarded money will give a strong push to our growing economy, and we will surpass all the nations of the world."

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