Monday, 20 January 2014

In nutshell

How to remove poverty from India
Totally, Permanantly and absolutely
Wiki leaks posted in their website that Indian money in Swiss banks is more than any other nationality.
$ 1.4 Trillion Indian Black money is there in Swiss Banks. India has deposited more black money than rest of the world combined.
(The list of the persons is also given, but we are not interested in the names)
The above figures are as on 2/8/11.
The total black money accounts for 40% of GDP of India, if all the money comes back to India then that could result in huge growth burst for India.
In February 2012, the Director of the Central Bureau of Investigation said that the Indians have $ 500 Billion of illegal funds in foreign tax heavens.
If you deposit money in Swiss bank, as per their rules your name and amount used to be secret, so black money used to travel from India and rest of the world to Switzerland, popular heaven for illicit income.
The Switzerland has been under severe pressure from India and other countries across the world to disclose the data. Switzerland has finally agreed to share information on funds held in its banks.
They have declared that Indians have $2 Billions only in Swiss Banks as on October 2013.
Let us not be that innocent to accept that we have so little amount in there.
Then what has happened.
Simple, the money is either siphoned out from Swiss Banks to some other tax heaven or in Switzerland itself they might have created some inner bank where they need not disclose anything.
Whatever.
The fact is that if somehow we could bring this huge amount in India. The poverty will be removed from
India Totally, Permantly and Absolutely.
Baba Ramdeo & many others are also saying that if this money is brought back in India we can abolish all types of taxes for so many years. We can build so many hospitals, so many schools or simply distribute the amount amongst us everybody will get Rs xxxx each so and so on.
These investors have created this huge wealth keeping at risk everything. They will not be ready to distribute this amount amongst us to enjoy that is for certain.
Fundamentally they have chosen to deposit in Swiss banks because it is safe there, no questions asked up to the end of the world. Their children or children of their children or children of children of their children so on can get this amount intact. This is the reputation earned by Swiss banks. That is why people from all over the world deceive their countries make money by keeping their everything at stake and deposit in Swiss banks.
Do you really feel that they will happily hand over this huge amount to us?
I don’t feel so.
If not Switzerland then Malaysia or ………….
These countries have realized that simply if we don’t ask how? From where? etc.Just guard the money. The world is ours.
What plus point we have? We have these genius people with us. Who make huge amount befooling all the watch dogs we have created. And they are No 1 in the world. We should praise these people. We should salute their talent. Whatever you call it but I call it talent.
These people can be of great use to us. They can remove all our problems. If Switzerland can do it, if other 70 places can do it. Why can we not do it?
These countries are getting benefited by us.
Why should we our self not get benefited by our own people.
We have even a serious edge to this. It is said that money travels to Switzerland via Dubai. No transaction can go beyond Dubai without the knowledge of ISI.Thus ISI has details of all and hence can command these people.
So
I appeal to all the concerned people to open a bank in India on the lines of banks in Switzerland.
These banks should have following qualities
1:-They should keep the amount names secret.
2:-Money should remain safe for generations together.
3:-The banks should be run professionally so that money will be intact.
4:-Bank should not do any charity work, they should mean only business.
5;-Whichever Government comes in power it should not be in a possession to change the structure. Amendments will have to be made accordingly.
And so and so on readers are invited to give their suggestions so that foolproof bank will be formed.
Agreed that people will not immediately bring the amount from Swiss bank and deposit it in our bank. It will take time to earn the trust. But sooner or later there will be huge amount. Why only Indians people from other countries will also keep their money in our banks.
After reading this you will say that our laws do not permit this.
But it is not true. Laws can be changed. Amendments can be made you point out the hindrance and solution can be suggested by somebody else.
Let us appeal this jointly to the people in position, to bring into reality.
This is only a synopsis.It will be completed by us.

Sanjiv Deshpande