on off on off......
Rs. 9.12 quintillion face value... most of them should be corrected to reflect the cost in today's terms. That could be even in multiples of this. Lets calculate this Rs 9.1 * 1015 Lets see the GDP of India. Today it is $1.43 trillion which is ~ Rs 50 * 1012. The period in question is since 1948. So even considering that today's GDP was there in 1948, the total GDP is ~3100 * 10 ^12.
Swiss Bank: A safe heaven for any money
India is poor ? nope...
1.4 TRILLION USD HELD IN SWISS ACCOUNTS
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 b...een 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 striped 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.
Indian GDP croseed 1 trillion usd for first time ever in 2007 and the amount of black money held in swiss accounts amounts more than indian GDP.
Deposits in Banks located in the territory of Switzerland by nationals of following countries
India---- $1456 billion
Russia----- $470 billion
UK-------- $390 billion
Ukraine $100 billion
China------ $96 billion
Now do the math India with $1456 billion or $1.4 trillion has more money in Swiss banks than rest of the world COMBINED.