Skip to main content

What is the exact black money stashed in Swiss bank by Indians


What is the exact India black money stashed in Swiss bank

Black money is the money which is earned through black market and in which taxes has not been paid. In context to the amount of black money of India, different people have different way of calculation for black money stashed in LGT, Liechtenstien. According to the IIM professor R Vaidyanathan it is about 7,280,000 Crores or US$1.14 trillion. According to Swiss bank officials (unidentified source) it is about 65 lakh crores.  According to the main opposition party of India BJP it is about 25 lakh crores.
And going far ahead from all these great (mathematician of India) another mathematician Yogic Baba Ramdev through his wit calculated the amount to be 400 lakh crore. That’s about 16 times more than the amount calculated by BJP.  Baba Ramdev is real genius, though he also able to crack out the list of names who have stashed the black money in Swiss bank, but now he is not in the mood to release the names and asking the Govt. to reveal it first.
Pranab Mukherjee signed an agreement called “Double Taxation Avoidance agreement” with about 77 countries by now. According to which Indian govt. will not be able to reveal the name of those who have stashed black money unless they provide a criminal record of that person to the bank. The advantage of this treaty is that now onwards any further deposits in the 77 countries, with which Indian govt. had signed the agreement will be restricted. That is no more stashing of black money will be allowed by any Indian on these countries. And if anyone deposits, it will be informed to the Indian govt.
This is the main reason due to this agreement with Germany Indian govt. unable to reveal the names publicly. Indian govt. has the list of all the names of people who have stashed their money in different bank accounts outside India like UBS bank of Switzerland.

Comments

Popular posts from this blog

The youngest candidate for Member of Parliament (MP) Lok Sabha 2014 Dr Arvind Kumar Singh

Though I really don't want to talk about politics and politicians on my blog, but as I said in my previous post, there are something which you can ignore but can't deny. Politics is the part and parcel of any nation and without politics, a nation may not exist at all. So, I selected one candidate who claims to be the youngest candidate for Member of Parliament (M.P) Lok Sabha 2014 from Aligarh constituency, as "Today's Indian People" Arvind Kumar Singh.

Arvind Kumar Singh was born on 7th November 1988, in Aligarh.

Singh currently is the Chancellor of Noida International University (NIU) and with this post in 2010, Singh became the world's youngest chancellor. Arvind had his schooling in India, moved to England (University of Leeds) for his masters degree in International business. He has been awarded with the Doctorate in Management for his work on “How personal evolution and development of leaders impact growth and success of their organizations.”

Arvind Si…

national song of india Vande Mataram, lyrics and meaning

"वन्दे मातरम 
सुजलाम   सुफलाम मलयज शीतलाम
सस्यश्यामलाम मातरम

शुब्रज्योत्स्ना पुलकित यामिनीम
पुल्ल्कुसुमिता द्रुमदल शोभिनिम
सुहाशिनिम सुमधरा भाशिनिम
सुखदाम वरदाम मातरम

कोटि कोटि कंठ कलकलनिनाद कराले
कोटि   कोटि  भुजी .rdhR^इतखाराकरावाले
अबला  केनो  माँ  ईटीओ  बाले
बहुबलधारिणीम  नमामि  तारिणीम
रिपुदलवारिणीम  मात्र म

तुमि  विद्या  तुमि  धर्मं
तुमि  हृदये   तुमि  मर्म
तवं  ही  प्राणाः  शरीरे

बाहुते  तुमि  माँ  शक्ति
हृदये  तुमि  माँ  भक्ति
तोमार  इ  प्रतिमा  गडी
मंदिरे  मंदिरे

तवं  ही  दुर्गा  दशप्रहरणधारिनी
कमला  कमलदल  विहारिणी
वाणी  विद्यादायिनी  नमामि  त्वं
नमामि  कमलां  अमलां  अतुलाम
सुजलाम  सुफलाम  मातरम

श्यामलां  सरलां  सुस्मितां  भूश्हिताम
ढरणीम  भरणीम  मातरम  "


Translation by Shree Aurobindo

" Mother, I bow to thee!
Rich with thy hurrying streams,
bright with orchard gleams,
Cool with thy winds of delight,
Dark fields waving Mother of might,
Mother free.
Glory of moonlight dreams,
Over thy branches and lordly streams,
Clad in thy blossoming trees,
Mother, giver of ease
Laug…

Padma Shri Arunachalam Muruganantham - Innovator of low cost sanitary napkins

Padma Shri Arunachalam Muruganantham born 1962 is a social entrepreneur from Coimbatore in Tamil Nadu, India.
Update: Bollywood Hindi Film "Pad Man" starred by Akshay Kumar is inspired by the true story of this man Arunachalam Muruganantham.

He is the inventor of a low-cost sanitary pad making machine and has innovated grass-roots mechanisms for generating awareness about traditional unhygienic practices around menstruation in rural India. He invented a set of machines which manufacture sanitary pads for women at a lower price and the best part is that he is employing women to make these pads, thus creating job opportunities for them. His mini-machines, which can manufacture sanitary pads for less than a third of the cost of commercial pads, have been installed in 23 of the 29 states of India. He is currently planning to expand the production of these machines to 106 nations. In 2014, TIME magazine placed him in its list of 100 Most Influential People in the World.
He is al…