Black Money - Issues, Causes, Solutions

i would be happy to know if somebody can tell me what fruits are without artificial ripening in the market. i am at a fix what to eat. more  

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govt should implement the laws very stringently. more  

Majority of Common People (or say less computer savvy people) avoid to use plastic money to avoid accounting hassels. So if we want to make cashless economy a success we must simplify accounting procedures in India. So people themselves are willfully encouraged. A common man should not be required to maintain accounts as he isn't accountant and even more does not trust accountants. Accounts and all taxation should be done by corporate and banks not common people and believe its possible. more  

My Dear Rajendra,through you I like to draw the attention of Narendra Bhai,let me clarify why I am always addressing PM as Narendra Bhai the reason being in some meetings of Gujarat,he advised if people will call him Narendra Bhai he will be more happy,as such I am a senior citizen of 62 and living in a democratic country.From the day Narendra Bhai became CM of Gujarat I use to receive mail from Narendra Bhai and after he became PM on May 26 I use receive mails and message through Face Book,but it come to my mind whether the suggestion of Indians are reaching PM the reason being in Indian bureaucratic system the IAS Officers never present the papers of common people to any minister including PM as a result the cry of the poor people never reached to the ear of PM.I am suffering since lat 12 years since I revolted against the corrupt Officers of IAS Officers and one such is HRUSHI KESH PANDA most corrupt characterless unruly AND SUSPENDED FROM SERVICE BY NAVEEN PATNAIK,CM SINCE IN DRUNKEN CONDITION HE SCOLDED IN VULGAR LANGUAGE TO A TRIBAL MINISTER AND TRIBAL MLA BUT MOST INTERESTING DURING UPA GOVERNMENT HE BECAME SECRETARY OF TRIBAL AFFAIRS DEPARTMENT GOVT.OF INDIA AND DURING NDA LET BJP GOVT.HE STILL CONTINUING AND THERE WAS A TIME HE WAS OPENLY CRITICIZING BJP: EXPECT AN REPLY: VERY SHAME VERY SHAME ON PART OF PUBLIC SECTOR BANKS WHO PAID THOUSANDS CORE OF RUPEES LOAN TO FRAUD COMPANIES BE IT KING FISHER AIRLINES OF VIJAY MALAY OR GTL INFRASTRUCTURE WHO DEFAULTED RS.8000 & RS.6000 CORES RESPECTIVELY PSU BANK MONEY:IS IT NOT SHAME ON PART OF GOVERNMENT WHO FAILED STOP SUCH CANCERIOUS CRIME/ FRAUD?WHAT MESSAGE WE ARE GOING TO GIVE TO REST OF THE WORLD: SEE AFTER 68 YEARS OF INDEPENDENCE WE ARE HELPLESS AND MOST INEFFECTIVE GOVERNMENT (BE IT UPA OR NDA ) FAILED TO CONTROL MOST CORRUPT BUREAUCRATS AND PSU BANK OFFICERS AND INDIA IS A COUNTRY OF BRIBERS,FRAUDUSTERS,SCAMSTERS AND CORRUPT PEOPLE:EVEN THEN WE ARE INVITING PEOPLE ABROAD, COME AND INVEST IN INDIA AND “MAKE IN INDIA”.MR.PRIME MINISTER NARENDRA BHAI PLEASE SEND YOUR MINISTERS NOT IAS OFFICERS TO MOST ADVANCED COUNTRIES OF THE WORLD(BE IT JAPAN,GERMANY ETC) TO GET KNOWLEDGE HOW THEY MANAGE THINGS IN A MOST SCIENTIFIC MANNER IN A PROFESSIONAL WAY WITHOUT DEPENDEING UPON THEIR EXECUTIVES(BUREAUCRATS) .THIS IS MY COMMENT ON THE NEWS TITLED”BANK STARE RS. RS.6000 CORE FRESH NPAS ON GTL DEFAULT” BUSINESS STANDARAD: TUESDAY, 4 NOVEMBER 2014. It is Reserve Banks and most of the Public Sector Banks decided those loaners who failed to clear the bank loan their name will be published as “WILFUL DEFAULTERS AND NAME AND SHAME” My appeal to RBI and Government to add one more thing that is those Bank Officers be it Chairman or General Manager their name will be published as MOST CORRUPT OFFICER AND BY TAKING BRIBE GIVEN THE LOAN”AND THOSE OFFICERS WILL BE SENT TO JAIL FOR SEVEN YEARS FOLLOWED WITH SEIZURE OF THEIR PROPERTY AND MONEYTARY PENALITY.It is found for last several years the PSU BANKS BUSY IN MAKING PROVISION OF NPAS AGAINST THE DEFAULTED LOAN PAID TO FRAUD COMPANIES.IT IS VERY SURPRISING ON WHAT BASIS THEY PAID THE LOAN,IF A FARMER OR AN EMPLOYEE TAKEN LOAN OF FEW THOUSAND RUPEES THE BANKS USE TO TAKE HUGE SECURITY FOLLOWED WITH GUARANTOR IN SIMILAR MANNER WHY THEY HAVE NOT ASKED SIMILAR SECURITY TO INDUSTRIES.IN THE RECENT PAST SUDHIR KUMAR JAIN CMD,SYNDICATE BANK TAKEN BRIBE OF RS.50 LAKHS TO EXTEND TIME TO BHUSHAN STEEL AND PRAKASH INDUSTRIES,OF COURSE OPENLY TAKING OR ACCEPTING BRIBE IS NOT NEW IN INDIA THE INCOME TAX OFFICER SENIOR RAILWAY OFFICERS, IAS AND IPS OFFICERS OPENLY ACCEPTING/TAKING BRIBE AS IF BRIBE BEING LEGALISED IN INDIA. It is found STATE BANK OF INDIA is always in the top the list followed by IOB and other banks those who always made huge provision for NPAs against the defaulted loans that is why in the recent past IOB in its quarterly result shown Rs.275 core net loss(whose fault is it?).LET THE DEMOCRATIC GOVERNMENT NOT BEHAVE LIKE SNAKE OR DHRUTARASTRA OF MAHABHARAT SINCE SNAKE CAN SEE AND BUT NOT HEAR THE REASON BEING IT HAS NO EAR.MY APPOEAL TO NARENDRA BHAI PRIME MINISTER PLEASE FORM/CONSTITUTE A JPC (THE WAY DURING VAJPAYEE GOVERNMENT OF NDA A JPC BEING CONSTITUTED TO INQUIRE THE CORRUPTION AND FRAUD OF UTI,NATIONAL HOUSING BANK AND OTHERS) IMMEDIATELY TO INQUIRE THE FRAUD AND CORRUPTION IN PSU BAKS,SEBI,NSE & BSE OFFICE TO STOP CORRUTPION AND CHECK BLACK MONEY AND INFLANATION,THEN ONLY PEOPLE WILL COME AND INVEST IN INDIA AND YOUR MAKE IN INDIA WILL BE SUCCESSFUL,WITHOUT CLEANING THE HOUSE IF YOU WILL CLEAN OUTER PART ON YOUR SWATCH BHARAT ABHIYAN IT HAS NO MEANING? Manojit Saha | Mumbai Nov 04, 2014 Last Updated at 12:59 AM IST GTL default: Banks stare at fresh NPAs of Rs 6,000 cr This is likely to deteriorate the already-stressed asset quality of banks A series of failed loan recast programmes continues to haunt banks. More than a dozen banks are now staring at Rs 6,000 crore of fresh non-performing assets, as GTL Infrastructure, a Mumbai-based company in the business of shared passive telecom infrastructure in the country, has failed to repay its restructured loans. Sources claimed Indian Overseas Bank, one of the lenders to GTL Infra, had already classified its advances to the firm as NPA; other lenders were expected to follow suit. This is likely to deteriorate the already-stressed asset quality of banks. GTL Infra is the latest addition to banks' failed loan restructuring programme list, which also includes Vijay Mallya-controlled Kingfisher Airlines. GTL Infra had opted for a corporate debt restructuring in September 2011, with SBI Caps as advisor. Like in the case of Kingfisher Airlines, banks had taken a hair-cut while restructuring their loans to the telecom infra firm. SBI Caps had, in fact, helped GTL Infra raise syndicated loans from a group of banks in June 2010 to pay for Aircel Cellular's tower business. A year later, the loans were recast as part of efforts to help the company manage a financial crisis. Banks had also converted a portion of the loans into equity as part of the restructuring package. But the company's shares have plunged from a high of Rs 44.10 in 2011 to Rs 1.34 apiece (according to BSE data), leaving banks without much scope to recover dues even through share sale. more