Naresh Kumar Vaid, Director , Vaids ICS

THE Finance Minister Pranabda in the Parliament announced recently that the government will shortly bring out a white paper on black money - the obvious reason is prompting by the movement of Baba Ramdev. BLACK money is a curse for the country, all of us know. We also know that black money is present everywhere, from foreign banks to every household that matters, excluding those who are not in a position to pay income tax as their income is less than taxable income. But even they are responsible for the generation of black money as they don't seek a genuine receipt for their purchase and the cunning shopkeeper turns his profits into black money. There are various estimates of the amount of money that, if declared, could bring prosperity to the country. ACCORDING to the government, hardly about 2.5% Indians pay income tax while there are many more who must pay. What is the way out? Here I am talking only about the means that can be adopted to reduce the generation of black mone...

THE FM Pranabda told the parliament yesterday : Please don't press panic button. He was explaining why rupee is falling against USD and why sensex is plummeting_because government is busy solving other 'important' issues like betting in IPL, Rekha V/s Jayaprada, Cartoon business as also presidential election. IT IS really ironical that players caught in sting operation have been suspended by IPL management (read Srinivasan) while no action is being contemplated on franchises. Rather, action can not be taken on real culprits because many of them are running BCCI and some of them are sitting in Parliament too. That's why, while parliament discussed the issue but, considering it a matter of private organisation, kept aloof from this serious crime. BETTING has been going on since at least 1995 when Cronje admitted to it. The question is  why the young players got into the trap. One thing is very clear, that players are being paid under the table. Can anyone believe tha...