Black Money and corruption
There is no money which is hidden .... most of the money is in circulation... we need to find where it is being used? In my opinion it is mostly in reality ... less in eating and if it is being used for eating ignore... We just need to keep check these two places ... 1 Banks - In India it is easier to deposit money in banks and you can also get the Interest on it.... check it... RBI must plan and allow black Money bank where instead of giving interest they must charge interest... no question asked. Those accounts where proper KYC not available for us we may consider AADHAR CARD charge at least 10% as TDS from these accounts... if you have, get it back from IT department if not any way Country is getting tax. (All those accounts which are not having proper KYC must get similar treatment at present running in all banks and can be transferred to this Black Money Bank).
2) All Land record must have AADHAR CARD ... If not consider it Nazool land and put Government of India land..
You will see 80% black money gone. Rest 15% can be checked through building materials... 5% can never be checked used for eating purposes... more
2) All Land record must have AADHAR CARD ... If not consider it Nazool land and put Government of India land..
You will see 80% black money gone. Rest 15% can be checked through building materials... 5% can never be checked used for eating purposes... more
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THIS IS ONLY THE REASON NOW HAMPERING THE NEW A.P. STATE CAPITAL LOCATION ISSUE AND THE PRESENT LYING REPEL ON THE LAND ACQUISITION ACT . FACT IS FACT BUT MIGHT NOT BE CLEARLY SEEN OR EASILY UNDERSTOOD. EVERY-BODY AND EVERY BODY KNOW THE REAL OPEN SECRET IN THIS. THE POLITICAL PARTIES UNIQUELY DECIDED AND NONE CAN BRING ANY CHANGE OR RECTIFICATION AS, IN SUCH ISSUES , ALL THE POLITICAL PARTIES FORM-TOGETHER AN ALLIANCE. We are only to think, Opine, Discuss and Share for ever on such Unique Issues of Political Democracy. THIS IS WHY, DEJURE AND DEFACTO SYSTEM i.e., TWO PARTY SYSTEM ONLY WILL SHOULDER ATLEAST SOME MINIMUM PERCENTAGE OF DEMOCRATIC ETHICS. more
Feb 26
1) More and more black money is invested in land causing increase in price of land and owning a house becoming out of reach of common. 2) Black money circulating in market and creating inflation, cost of essential items going up beyond the reach of common. 3) Money laundering becoming a thriving business in India. 4) Gold in locker is only a temporary secret hiding place. They will come out as and when required. Where ever it is lying it has to be unearthed and future generation of it permanently stopped. more
Feb 26
Rohit Dalmia Please send link. @Jayakrishnan Alambath - Yes there are many but that will be covered with Gold excise and as long as it is inside the locker not causing any harm will be harmful once in market. @Dileep Kadam There are many ways to generate black money but where they spend black money is the question? more
Feb 26
Please refer to the White Paper release on Black Money by Finance Ministry of India in May 2012. It details all areas where Black Money revolves and what should be done. Please read it in PDF format @ http://www.finmin.nic.in/reports/WhitePaper_BackMoney2012.pdf more
Feb 17
I would like to ask why is black money generated, which transactions generate black money and where is it generated!!! Black money is generated in following cases apart from others - 1- Purchase and sale of property - Why because no one wants to pay to government !! does each one of us want to pay the civic authorities !!! what are the civic authorities providing us !! do we get good roads / clean environment / safe environment for ladies and kids / clean water !!!! 2 - Black money generated by corporators & public servants - some classic examples in Bangalore, your lane is getting drainage and post which roads are to be built. contractors charge above > 25K for connecting individual buildings to the drainage. The cost of connecting with material and labor is no more than 5K. Where does this 20K go ? to the corporator, PWD officers and probably to MLA too !! Building of roads and bridges - The tender is awarded to agency A but work is done by 4th or 5th party. The work is of sub standard quality, why !!! because the guy has to pay for all the parties involved. Also, the work is substandard because it is an ongoing income for everyone in the chain. 3 - Arms deal - The black money is generated at a very high level and none get exposed. What happened with Bofors / HDW submarine deals. 4 - Telecom - when spectrum's were sold huge money was siphoned. did common man like you and me get involved !!! 5 - Medical - All government medical colleges and departments are bee hives of black money. BJP came in power to expose and bring back black money, but what has happened !! did we even get anything back !! are the government officials afraid to take bribes !! I have heard but not sure that during the 45 days of Mr. Kejriwal's tenor as CM, people were afraid to take bribes in Delhi. Can someone ratify the same !! more
Feb 17
