IS INDIA REALLY POOR?

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
> Geneva ever 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. Remember Bofors
> and how India could not trace the ultimate beneficiary of
> those
> transactions because of the secrecy associated with these
> bank
> accounts?
> IS
> THERE ANY ONE WHO WOULD SAVE INDIA ?God... No, even he
> can't....... ....!!
>
>
>
> forward
it to all your Indian friends....
>