BLACK MONEY: AN OVERCOOKED ISSUE IN INDIA

Time and again politicians have come to the podium before and after elections and raised this overcooked issue.

The issue of bringing back black money to India and give it to the poor people. It is not a new phenomenon for politicians to use this issue in order to give mileage to their political prominence.

 

Black money has always been a point of debate everywhere. Swiss bank account holders from India wanting to avoid taxes hold their account in Switzerland.

The amount culminates to more than thousand crores. It is actually surprising that how it can take so long to penalize people who have been evading tax regularly. It doesn’t take very long when a common middle class man tries to evade tax and the IT department nails them within no time.

So it is only unfortunate and worrisome that powerful and rich people in this country can get away from anything. They can commit all sorts of crimes and still not get penalized for it.

The Modi government had been chosen into power with a strong mandate and full majority. They had a list of promises to make to the people of this country, which included bringing back all black money.

Now that the BJP government has managed to get the list of all black money holders in Swiss bank account and submitted to the Supreme Court, all Indians remain hopeful for a change which is waited to be welcomed for more than twenty years now. Government after government have come to power and played with the emotions of people, providing no results.

The SIT has been handed over the list of all the people who hold Swiss bank accounts. However the three names which have been revealed so far are Pradip Burman, director of the Dabur group, Pankaj Chimanlal Lodya, Rajkot based Bullion trader and Radha S. Timblo a Goa based miner and owner of Timblo Pvt. Ltd. Further investigations needs to be carried out and the SIT has been given a deadline of March 2015 by the Supreme Court to wind up this entire case.

We, the common middle class Indian, which comprises of the majority of population, can just switch channels and follow this story and hope for a change to come. A change, which has been due for long. We can only do our part and be less corrupt.

Value the money which we have and spend sensibly. At the end of it, all we can hope for is that we are not fooled again. The common man clings to this hope provided and will cling on to it for the rest of his life.

Posted By: Karan Bhatt, Campus brand ambassador Intern at: http://pickyouropinion.com