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Black Money

Black Money

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Published by fahal_zdn

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Categories:Types, Business/Law
Published by: fahal_zdn on Oct 05, 2010
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10/05/2010

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Who has, how much of India¶s money?
 Avg. size of 
34
tax haven countries = 17 kilometers length (312 sq. kms) Avg. population of 
34
tax haven countries = 1 Lac people onlyEstimated Indian black money in tax havens: $500 billion (Rs25 Lac-crores)
Rs. 25 Lac-crores kitna hota hai? (ROAD)
Pradhan Mantri Gram Sadak Yojana
(PMGSY)
makes 1 km concrete road for avg. cost of Rs. 20 lacs ($40,000)With Rs. 25 Lac-crores, India can build 1.25 cr kms of road (33times the distance between Earth & Moon)
Everythingyou wanted toknow about the OverseasBlack Money issue
Overseas Black money
«the curse that stops India from developing
The painting is 4feet by 4feet acrylic on canvas titled
³Aspirations of a rising people´
made by Vishal V. Sharma in 2007
 
What are Tax Havens?
Small countries like Switzerland, Angola, Bermuda, etc that act as places of registration for overseas non-resident companies.They have zero or very low income tax.They ask no questions on the origins of the money coming into their banks.They keep all banking records secret and cooperate very little with other countries.They have no contribution to the world, except as points on theworld-map where µdirty¶ money is kept safely.Avg. size of 34 such point-countries = 17 kms by 17 kms.
Rs. 25 Lac-crores kitna hota hai? (POWER)
1 MW of 
Thermal power 
plant costs India Rs. 4 crores ($800,000)With Rs. 25 Lac-crores, India can build 6 lacs MWs of power, and provide 24x7 3-phase power to all villages.
Who has, how much of India¶s money?
 Avg. size of 
34
tax haven countries = 17 kilometers length (312 sq. kms) Avg. population of 
34
tax haven countries = 1 Lac people onlyEstimated Indian black money in tax havens: $500 billion (Rs25 Lac-crores)
Everything
you wanted toknow about the OverseasBlack Money issue
 
Money involved
Total dirty money in tax-havens = $11.5 trillion (Rs 7.5 crore-crore)Annually $1 trillion (Rs 50 lac-crore) being added50% of this money belongs to the developing countries like India
Estimated Indian black money in foreign banks $500 billion (Rs 25 lac-crores)
2002-2006 (5 years) $137.5 billion Indian black money deposited (Rs 68,750 crores)Source of info: Capitalism's Achilles' Heel: Dirty Money, & How to Renew the Free-MarketSystem.³ (2005) by Raymond W. Baker, MBA (Harvard) & Brooking¶s Scholar Henry, James S., "The Blood Bankers: Tales from the Global Underground Economy."
Rs. 25 Lac-crores kitna hota hai? (NANO)
1
Nano
costs Rs. 1 lacs ($2,000)With Rs. 25 Lac-crores, 25 crores Indians can be gifted one Nano car each.
Who has, how much of India¶s money?
 Avg. size of 
34
tax haven countries = 17 kilometers length (312 sq. kms) Avg. population of 
34
tax haven countries = 1 Lac people onlyEstimated Indian black money in tax havens: $500 billion (Rs25 Lac-crores)
Everything
you wanted toknow about the OverseasBlack Money issue

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