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Showing posts from October 26, 2014

Black India

BLACK money has been an important issue with Sangh but, as ever, BJP has betrayed Sangh (Previously it has been ignoring the concerns of other Sangh affiliates like BMS, BKS, VKA, BBA et al. ) Court's order was clear : give us the names; we will decide the rest (regarding investigation, prosecution etc). It is really unfortunate that Judiciary should step into what has to be done by the government. THE country, by some estimates, generates more than 5.5 lakh crore rupees in black money, a share of which ends up in foreign banks. Again, by some estimates, more than 28 lakh crore rupees have been siphoned out of the country in last more than two decades, i.e. ever since we entered  globalization in 1991. A major part must have returned through tax havens. This has resulted in loss of several hundred lakh crore of rupees in taxes as also in investment. BJP is claiming the credit for Court's directive. It is also thumping its back for constituting SIT. But what has been the o