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Proper utilisation of black money
6:33 PM on 20-Jul-2008
Filed under: Social

 It is humble request to go through Swiss bank black money, secret money and is India poor site and one will know what is the reality behind the India’s economy and why India is, is and is poor. Indian black money report says about $1500billion in foreign reserve that has been misappropriated an amount 13 times is larger than the country’s foreign debt, one needs to rethink is India a  poor country.

 

The recent rate for saving the UPA government is 25 to 30 crorers. From where would such money come, if I say something it will certainly small capacity and tall talk because our Prime Minister and the Finance Ministers are renounced economists. Even then I would dare to submit some thing odd though general public may not directly enjoy the black money it self but can certainly dream about such money that may, In future come in their hands through developments in the country.

 

 How it is possible let us look. India should officially open Jet Black Bank of India on the Swiss black money banking lines. It should be kept beyond the preview of judicial review and hence such law should be put on the Schedule 9 of the Constitution of India. If the law is challenged the expert advocates on Constitutional side should argue that the law cannot be reviewed as it is the policy matter! There after permit any one on the earth to have his account opened in that bank and the amount deposited will never be subject to any accountability. Their would be absolutely secrecy of such accounts and no one even the courts would not be allowed to exercise any jurisdiction under any article of the Constitution including Article 32 and 226-227.Hoe ever the government shall have right to use such money as interest free loan! If it is done the financial position of India will improve a lot. I hope any political party may come in power and in particular BSP or Congress comes to power these parties can with the help of their strong back ground of experience manage the affairs of the bank well though they may not be able to manage the affairs of the nation! It is well said that the experience counts! There is no other party that can learn by the experience of these parties. Let the black money [not the truth] prevail. Let people vote these parties only!  If my suggestion is accepted I may be given some subsistence allowance only and no more money!



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