India is debating about the black money. Government is trying to get the details of all account holders of foreign bank. Government has details of few account holders. Government can not provide the details of Foreign accounts holder due to double taxation act.
Swizz economy has grown on the Income of Black Money. It's not easy to get the details of black money deposited in Swizz bank. Swizz Banks won't allow our government to withdrawn all the Money deposited with them as that will lead to revenue to them.
Supreme Court of India is also asking several questions to Government. Supreme Court wants the report for action taken on black money. Supreme Court is now the only institution left on whom people can trust. Supreme Court has taken stand on Black Money.
Everyone in India is looking for the inward remittance of Black Money but it's not so easy. There are several issues involved with Black money as below
Powerful people are involve in Havala racket
Supporters of Government has major share in Black Money
Corporate World has share in Black Money
Swizz Bank won't allow so easily to go money out
Inward remittance of Black Money can make India one of the Super Power Country in day time. There should be political will to get the Black Money back into the country. There should be strong position from opposition on Black Money issue.
Income Tax people raided Priyank's flat early in the morning and caught Mr.Kapoor in shorts. Why Income Tax people never raided Kalmadi or Raja in such way. Isn't it true that Income Tax department is one of the corrupt departments in India.
Government should take strong action against all Black Money issue without thinking for the Name of their own people. Government should all CBI and Income Tax to work Independently.
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