1 Comment

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  muslim bhagawat - 15 years ago

  we need a directly elected PM govt or presidnetail form of govt who would be responsible to the legislatives not to his party or the pushovers.Now india is havinga westminsiter type govt whoch suitable for nation with 5 to 10 crores of population but when it is beyong 100 crores the will of peole should be reflected in governance.the parliamentary form of govt failed our country people who are going down hill from 10% of BPL to 49% of BPL in 64 years.Before 1947 indian poor ppl were more wealthy than today .But the govt policy and economics has made poor poorer and rich richer.we want to remove poverty but there is no will to do so.the law are bended to help corruption and corrupts.

  » It has been reported that Indian Nationals have deposited $1456 billion or $ 1.45 trillion (Rs.65.52 lakh crore) in Swiss Banks which is more than the rest of the world put together (Swiss Banking Association Report, 2006).
  » 45 crore Indians can receive Rs.100,000 each if this money is returned to India.
  » Deposits of Indian nationals in Swiss Banks is nearly 7 times the total foreign debt of India which presently stands at $222 billion.
  » With just about $1000 billion, India can have world class physical and social infrastructure and need not wait till the year 2020 to join the league of 'developed' nations!
  » 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.
  » It is estimated that one percent of the world's population holds more than 57 percent of total global wealth, routing it invariably through these tax havens.
  » Details of illegal accounts in Liechtenstein's LGT Bank can be made available to the Indian authorities as the German authorities have the list of account holders and are willing to disclose the names but Government of India has not asked for the names!
  » A Study by CMIE found that each parliamentary poll generates between $10.19 billion and $11.33 billion of black money
  » India is ranked as one of the most corrupt nations in the world.
  » India has slipped to 84th place in the Corruption Perception Index released by Transparency International on September 23, 2008 for the year 2008.
  » Country loses nearly Rs. 2 lakh crore of revenue every year due to corruption in taxation departments.
  » Nearly Rs. 32 thousand crore is paid every year as bribes to corrupt officers.
  » Only 3 percent of the population is beneficiary of black economy.
  » Percentage of black economy has grown from about 3 percent in the mid fifties to 7 percent in mid sixties to 20 percent by 1980-81, to around 35 percent by 1990-91 and 40 percent by 1994-95.
  » According to one estimate, the public sector lost Rs. 30,000 crore through corruption in 1990-91. But for corruption, the rate of profit of the public sector would have been at least 30 percent and not the 5 percent as reported.
  » If the size of the black economy was 40 percent of GDP in 1998-99, the loss of direct tax revenue at the prevailing rate of taxes would amount to at least Rs. 200,000 crore.
  » Why has the size of black economy grown from around 10 percent in 1971, when the income tax rate was as high as 97.5 percent to the current size of at least 40 percent when the highest income tax rate is down to 30 percent?
  » Finance Minister in his budget speech in 1993 made the statement that excise duty evasion may be of the order of 40 percent.
  » Money kept abroad (in foreign exchange) by Indians was said to be at least $100 billion (nearly Rs.5 lakh crore) and is growing.
  » In the Transparency International Bribe Payers Index 2006 released in October 2006, India is at the bottom with a score of just 4.62
  » Indian companies are most susceptible to give bribes in order to secure export orders.
  » Switzerland is ranked first for combating bribery in the TI Bri