Black money? Where is black money in India?
Really a big article on the black money subject. All
politicians seated in opposition raised this question with no answer.
Politicians even gave reason as black money for poverty in India. In fact there
is no much black money stashed in foreign countries at present. So there
nothing much to bring in and remove poverty with this black money locked in
foreign countries!
All the black money stashed in foreign countries have
already come and pushed the property prices 3 to 10 times high in 5 to 7 years
between 2004 and 2010. This money have come as white in foreign exchange while
exporting goods during this period. The real rise in exported goods during this
period as per export data was only 2-3% per year while earning was 30-50% high.
A phenomenal profit in export in terms of return of black money! Now it is time
to forget black money in foreign countries and concentrate in real estate in
India. Still huge black money gets circulated in real estate. Not to mention
high corruption money in black with bureaucrat and politicians. Can government
take actions on bureaucrat and politicians? Corruption run in our blood. It is
from lowest level to highest level in all government area. And it cannot be
removed by making small change in rules here and there. I would say we have live[VV1]
with it!!!!!!!
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