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Thursday, March 18, 2010

Who wants Black Money from Swiss and other banks?

I was little curious. Who wants the stashed 75000 crores of Indian rupees? Government of India - NO; Political parties - No; Public of India - Not Interested; RBI - Interested but helpless.

The process says that an amendment or say Bill has to be passed with more than 50 % votes in both houses of Parliament, further signed by President of India. Money should be rooted to RBI and Governor- RBI has to channelize money to other associate national banks for money flow in National market.

The election result of 2009 general poll was: UPA (262 + {82}), NDA (160 - {60}), Third Front (79 - {29}), Others (42 - {36}). Value in {} shows the deviation w.r.t. 2004.

UPA's main constituent Congress (207) and DMK (18) do not even promised anything in their Election Manifesto 2009 (I have copies of them) about Black money or any effort in bringing back Black money from Swiss and other banks. BJP and CPI have written boldly that they will do their hard work in bringing the money back, but time frame has not been given.

I look at it as a propaganda, or say Political stunts. Some months back we saw big politicians saying that money will be back in 100 days. One year is about to be over. No one bothers. People raise voices, Govt. assures of action, then things dies out.. again someone from opposition party or NGO or Baba Ramdeo speaks of stashed money... Govt. wakes and give another promise. All become Happy!

I was wondering about the black money. Obviously Gulaam India will not have Indians depositing money in foreign banks (if Yes, then only veteran Congress Leaders and other rich people like Maharaja's of that time). The money has flown from India only after Independence. So, when a poor country like India was trying to uplift its status, when people were dying of hunger- who was busy filling his/her bank balance abroad? There was Congress Government from 1947 to 1996...! So, people can only be either White colored aristocrats or Ministers or members of Political parties... Why will they allow the money to come back? Who wants to become poor? Who doesn't love money?
Hon. Finance Minister says he is talking to 60 countries on the same. Mr. Advani says he is critical about bringing the money back. Third front, who are good economists are keeping their mum on the issue. Who will put the amendment or bill in Parliament? Who will initiate the process? If congress wishes, UPA has 262 seats! Adding to it is NDA and Third front... I don't see the bill requesting swiss bank to deliver money to India can not pass in either of the house, if people are Patriotic. If they are concerned over Developing and making India a no. 1 country in the World.

Why the general public is made fool? Why Government is not sincerely looking at burning issues - at present Terrorism and Price Rise? Why government is not sincerely working on eradicating Bribery? Bringing transparency in all Govt. offices?

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