Dear Sir!
I agree and this is the voice of nation. Plz keep it up.
Thx
Ashok Kumar
Advocate

On Sat, Sep 6, 2008 at 2:42 AM, A Ganesh Puranik
<[EMAIL PROTECTED]>wrote:

>
>
>
> Jharkhand Forum <http://www.jharkhand.org.in/>
>  <http://egroups.com/list/Jharkhand>
> *  *
>
>
> What is the final source? how can we rely only on merinews.com
>
> On Fri, Sep 5, 2008 at 8:59 AM, J.venkata subramanian <
> [EMAIL PROTECTED]> wrote:
>
>>
>>
>>
>> Jharkhand Forum <http://www.jharkhand.org.in/>
>>  <http://egroups.com/list/Jharkhand>
>> *  *
>>
>>
>>  
>> <http://www.merinews%20.com/catFull.%20jsp?articleID=%20137213>http://www.merinews
>> .com/catFull. jsp?articleID= 137213
>>
>> *Is India poor, who says? Ask Swiss banks**
>>
>> *With personal account deposit bank of $1500 billion in foreign reserve
>> which have been misappropriated, an amount 13 times larger than the
>> country's foreign debt, one needs to rethink if India is a poor country?.
>>
>> DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS
>> officers have deposited in foreign banks in their illegal personal
>> accounts a sum of about $ 1500 billion, which have been misappropriated
>> by them. This amount is about 13 times larger than the country's foreign
>> debt. With this amount 45 crore poor people can get Rs 1,00,000 each. This
>> huge amount has been appropriated from the people of India by exploiting and
>> betraying them.
>>
>> Once this huge amount of black money and property comes back to India ,
>> the entire foreign debt can be repaid in 24 hours. After paying the entire
>> foreign debt, we will have surplus amount, almost 12 times larger than the
>> foreign debt. If this surplus amount is invested in earning interest, the
>> amount of interest will be more than the annual budget of the Central
>> government. So even if all the taxes are abolished, then also the Central
>> government will be able to maintain the country very comfortably.
>>
>> Some 80,000 people travel to Switzerland every year, of whom 25,000
>> travel very frequently. "Obviously, these people won't be tourists. They
>> must be travelling there for some other reason," believes an official
>> involved in tracking illegal money. And, clearly, he isn't referring to the
>> commerce ministry bureaucrats who've been flitting in and out of Genevaever 
>> since the World Trade Organisation (WTO) negotiations went into a
>> tailspin!
>> *
>> Just read the following details and note how these dishonest
>> industrialists, scandalous politicians, corrupt officers, cricketers, film
>> actors, illegal sex trade and protected wildlife operators, to name just a
>> few, sucked this country's wealth and prosperity. This may be the picture of
>> deposits in Swiss banks only. What about other international banks?
>> *
>> Black money in Swiss banks -- Swiss Banking Association report, 2006
>> details bank deposits in the territory of Switzerland by nationals of
>> following countries:
>> *
>> Top five*
>> *
>> India---- $1,456 billion*
>> Russia ---$ 470 billion
>> UK -------$390 billion
>> Ukraine - $100 billion
>> China -----$ 96 billion
>>
>> Now do the maths - India with $1456 billion or $1.4 trillion has more
>> money in Swiss banks than rest of the world combined. Public loot since
>> 1947: Can we bring back our money? It is one of the biggest loots witnessed
>> by mankind -- the loot of the *Aam Aadmi* (common man) since 1947, by his
>> brethren occupying public office. It has been orchestrated by politicians,
>> bureaucrats and some businessmen. The list is almost all-encompassing. No
>> wonder, everyone in India loots with impunity and without any fear.
>>
>> What is even more depressing in that this ill-gotten wealth of ours has
>> been stashed away abroad into secret bank accounts located in some of the
>> world's best known tax havens. And to that extent the Indian economy has
>> been stripped of its wealth. Ordinary Indians may not be exactly aware of
>> how such secret accounts operate and what are the rules and regulations that
>> go on to govern such tax havens. However, one may well be aware of *'Swiss
>> bank accounts,'* the shorthand for murky dealings, secrecy and of course
>> pilferage from developing countries into rich developed ones.
>>
>> In fact, some finance experts and economists believe tax havens to be a
>> conspiracy of the western world against the poor countries. By allowing the
>> proliferation of tax havens in the twentieth century, the western world
>> explicitly encourages the movement of scarce capital from the developing
>> countries to the rich.
>>
>> In March 2005, the Tax Justice Network (TJN) published a research finding
>> demonstrating that $11.5 trillion of personal wealth was held offshore by
>> rich individuals across the globe. The findings estimated that a large
>> proportion of this wealth was managed from some 70 tax havens.
>>
>> Further, augmenting these studies of TJN, Raymond Baker -- in his widely
>> celebrated book titled 'Capitalism' s Achilles Heel: Dirty Money and How
>> to Renew the Free Market System' -- estimates that at least $5 trillion have
>> been shifted out of poorer countries to the West since the mid-1970.
>> It is further estimated by experts that one per cent of the world's
>> population holds more than 57 per cent of total global wealth, routing it
>> invariably through these tax havens. How much of this is from India is
>> anybody's guess.
>>
>> What is to be noted here is that most of the wealth of Indians parked in
>> these tax havens is illegitimate money acquired through corrupt means.
>> Naturally, the secrecy associated with the bank accounts in such places is
>> central to the issue, not their low tax rates as the term *'tax 
>> havens'*suggests.
>>
>
>
>
> --
> From:
> Ganesh Puranik
>
> Wardha / Sindkheda (Dhule) / Mokhada (Thane) / Pandharpur / Varanasi /
> Nagpur / Pune / New Delhi
>
> Let me not pray to be sheltered from dangers, but to be fearless in facing
> them. Let me not beg for the stilling of my pain, but the heart to conquer
> it...- Rabindranath Tagore
>
>
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