Posts Tagged 'corruption'

What has UPA Govt. achieved? – A mail from a friend

Dear Friends,

Please take 5 minutes and read it.
General Elections are coming..
And its our right and duty to know what has been achieved and what has happened in last 5 years. Please read and do circulate it…
A) Is this Government really protecting us ??
Nov 7 2006: Mumbai Train Blasts. 209 Killed.
Aug 25 2007: Hyderbad Blasts: 42 Killed
Oct 11 2007: Ajmer Blasts : 2 Killed
May 13 2008: Jaipur Blasts : 68 Killed
July 16 2008: Ahmedabad Blasts : 57 Killed
July 25 2008: Banglaore Blasts: 1 killed
Sept 13 2008: Delhi Blasts: 26 Killed
Sept 27 2008: Delhi Blasts: 2 Killed
Sept 29 2008 : Gujarat Blasts : 1 killed
Oct 21 2008: Imphal Blasts : 17 Killed
Oct 30 2008: Assam Blasts : 40 Killed
Nov 26 2008: Mumbai Attack: 180 killed
Every major city in India has been attacked consistently over the last two years. Since 2004, 3850 Indians have died in Terror attacks in over 3000 incidents. Is the common Indian on the streets really safe ?
Did you know that on the day of the Mumbai train blasts, the Government gave Rs 150 crores for earthquake relief in Pakistan ? Last year our Govt. has given Rs 3,000 crores (600 Million Dollars) to Afghanistan ? This, when victims of terror in India have not yet got aid ? What’s going on ?
B) Is this Government really secular ?
1. When Madrasas are being shut down in Pakistan, the Indian Government is giving them CBSE status !! It is depriving Muslim children in getting secular education. A Madrasa educated person can get a job in any government office without going through the secular education system. Can India afford to have fundamentalists in government departments? Why cannot the government shut down Madrassas and let Muslim children study with the rest ?
2. Our Government has given 25 lakh scholarships ONLY to minority students.
What sin have the majority done not to deserve these ? Why cannot poor students of all communities be given scholarships instead of only Muslim children ?
3. Thanks to the Congress led Government, out of 36000 temples in Andhra Pradesh, 28000 have closed down in the last five years. Do you want the same trend to continue in other parts of the country ? Do you want a Nagaland type of situation in the whole of India ? While government controls most of the Hindu temples, the minority community has had full freedom to organize their religious bodies. The minority communities now have the first right over resources. Is this not a blatant violation of fundamental rights of the majority community ?
4. Why have the minorities in Nagaland, Mizoram & Kashmir not got the similar privileges like the minorities in other states ? Why is the Govt following different rules for different religions ?
C) Is this government really making friends or enemies for India ?
Thanks to a weak and visionless foreign policy, India has created enemies all around. By the Home Minister’s own admission : “India is surrounded by a circle of fire”. Rajiv Gandhi’s vision of a powerful “SAARC” is now defunct.
1. Today, India commands little respect from all its neighbours, despite being the largest democracy in the world.
2. Terrorism has engulfed the country from inside and outside. Of course Pakistan,the motherland of international terrorism continues to be a big threat.
3. China has territorial ambitions on India.
4. Nepal, is now being headed by a Maoist government and is ideologically more aligned to China. While India helped to dismantle the dynastic rule in Nepal our own Government surreptitiously supports dynastic rule within its own party.
5. Myanmar is increasingly aligning with Chinese forces with huge Chinese investments in that region.
6. Indian Policies in Srilanka have made Tamil Nadu burn. Will Tamils ever forgive India for encouraging military assault rather than facilitating peaceful dialogue on their north and north east regions.
7. Bangladesh continues to repeatedly aid and abet terrorism.
D) Is this Government really pro-poor ?
The number of people living below the poverty line has increased by a horrifying 20 per cent. India had some 270 million people below the poverty line in 2004-2005, when the present Government took office. That number has gone up by 55 million, or 20 per cent!
E) Does this Government really care about the nation ?
The Pakistani flag is now being hoisted in five districts of states like Assam where the Muslim population has gone up significantly. 92,000 Hindu and 6,000 Christians are now languishing in refugee camps. The government has turned a blind eye to this.
In the name of security, innocent people have been put in jails, whereas people like Yaasin Malik who has 23 murder charges on him, are moving Scot free and gathering their own strength. Is it acceptable to any patriotic Indian ?
Can the Congress led UPA promise a non-muslim CM in J&K ? Reservation for a Hindu student in Nagaland ? If so, we wholeheartedly support them. Otherwise they should sit at home the next few years and rethink their policies.
Can our politicians stop stooping down to any lengths just for money and power ? Like Mr.Sharad Pawar, who first ditched the Congress and then ditched the people and aligned back with the Congress, just to be in power.
Don’t be deceived. What appears to be communal is not communal, and what appears to be secular is not secular. It is time we change our thinking.
Having said all this even BJP has not proved to be any better. But for now we need a change. Let us choose the lesser of the two evils. The same party brought to power again and again means encouraging unabated corruption.
Stand up for this most tolerant and ancient civilization and prevent this great nation from becoming a communal battleground. As citizens of India we must vote for change.
“And as per the CAG website (Controller Audit General of India) more than 50,000 crores rupees has gone missing from the Govt. Treasury”
WAKE UP INDIANS. LET US VOTE FOR CHANGE.

Vinayachandra B K

Advani on Swiss bank Money from India

‘UPA has adopted a policy of deafening silence and inaction’

March 29, 2009 | 16:08 IST
At a press conference in New Delhi on Sunday, Senior Bharatiya Janata Party leader and the National Democratic Alliance’s prime ministerial candidate L K Advani questioned the United Progressive Alliance’s ‘deafening silence about Indian wealth’, estimated at between Rs. 25 lakh and Rs 70 lakh crore, hoarded in secret Swiss bank accounts.
Advani claimed that the money was a mix of ‘political bribes, crime money and venal business’.
This is the full text of his speech:
Prime Minister Dr. Manmohan Singh is going to attend the G-20 summit in London on April 2. Ahead of this meeting, I wish to bring a highly important matter to the attention of the people of India.
It is well known that Swiss banks provide secrecy and safety for tax evaders, corrupt individuals and criminals of various nationalities to hoard their monies. Several offshore tax havens are also used for murky financial dealings. The extent of illicit money lodged in Swiss banks is mind-boggling. Estimates vary.
According to Wikipedia, they totaled $ 2.6 trillions (Rs. 130 lakh crores in today’s exchange rate) in 2001. In 2007, they were believed to be about $5.7 trillions (Rs. 285 lakh crore), a staggering 80% increase in six years.
It is equally well known that many wealthy Indians have deposited their illicit monies in secret Swiss bank accounts and tax havens elsewhere around the world. As per credible estimates, these amounts range between $500 billion (Rs. 25,00,000 crore) and $1400 billion (Rs. 70,00,000 crore).
So long as the West-dominated world economy was doing well for the western countries, their governments winked at the secretive functioning of Swiss banks and tax havens. However, the current global economic crisis, which put several of their important financial institutions on the verge of collapse, has forced them to take many unconventional steps to revive their ailing economies.
The leaders of France, Germany, UK and other countries have joined forces with the US President Barack Obama in the battle against tax havens. They are mounting pressure on Switzerland and offshore tax havens to put an end to banking secrecy to bring back their tax-evading citizens’ hidden wealth.
This is likely to be an important point on the agenda of the G-20 Summit in London. In February, UBS, the largest Swiss bank, was forced by the US tax authorities to reveal the names of some 300 presumed tax evaders. The US threatened to sue the UBS. Fearing that this could lead to the demise of the bank, the Swiss authorities invoked an emergency clause in their banking law and gave the data to the US. Soon thereafter the Obama administration announced a law to uncover illicit American money in all secretive tax havens, including the Switzerland.

UPA government’s evasive reply to my earlier demand
It is baffling that, in the face of this growing governmental activism in the West, the UPA Government has adopted a policy of deafening silence and inaction. It has taken no steps whatsoever to get information about illicit money kept abroad by Indian nationals and to strive to get it back.
Last year, I had written a letter to Prime Minister Dr. Manmohan Singh about the need to get the names of Indians, presumed to have secret accounts in LGT Bank in Liechtenstein in Germany. I was disappointed to see that the reply I received from the then Union Finance Minister was evasive. (Copies of both letters attached.)
Commenting on India’s ambivalence, Transparency International (TI) said that India has maintained “a stoic silence over the issue and has not approached the German government for this data” (The Economic Times, 25.5.2008). Some ministers in the UPA Government are reported to have made several trips to Switzerland as the personal leg of their official tours abroad.
Considering the size of the Indian wealth hoarded abroad, the government is duty-bound to take proactive steps to bring it back. The amount involved constitutes 3-10 times India’s overseas debt, and 50-120% of India’s GDP. Even if we take the lower limit of the estimated amount of Rs. 25 lakh crore, the money is sufficient to:
Relieve the debts of all farmers and landlessÂ
Build world-class roads all over the country  from national and state highways to district and rural roads;
Completely eliminate the acute power shortage in the country and also to bring electricity to every unlit rural home;
Provide safe and adequate drinking water in all villages and towns in India
Construct good-quality houses, each worth Rs. 2.5 lakh, for 10 crore families;
Provide Rs. 4 crore to each of the nearly 6 lakh villages; the money can be used to build, in every single village, a school with internet-enabled education, a primary health centre with telemedicine facility, a veterinary clinic, a playground with gymnasium, and much more.
What a transformation it can make to the ordinary and poor Indian lives!
Financial RDX with terror links
The need to put an end to hoarding of Indian wealth abroad, and to bring back the wealth already hoarded, is all the greater since the illicit money seems to be a mix of political bribes, crime money and venal business. The money trail in the Bofors scam in the 1980s had revealed the involvement of secret Swiss bank accounts. Last year, when the stock market was booming, National Security Advisor Shri M.K. Narayanan publicly stated that terror money might be operating through fund flows. What he had in mind was the Participatory Note [PN] mechanism for investment of undisclosed funds from abroad in Indian stock markets. The PN mechanism was introduced when India was desperately in need of forex inflow. The UPA government has permitted this mode of investment even after it had grown to alarming proportions. More recently, a hawala operator from Pune was found by the Income Tax department to have unaccounted wealth valued at Rs 35,000 crore. He is also suspected to have secret bank accounts abroad.
The BJP sees in secret banking the RDX that has the potential not only to blow up national financial systems but also to support and fund global terror networks whose attacks on India increased during the UPA regime. We do not expect any action from the UPA Government, which has shown total disinclination to act in this matter. In any case, its days are numbered.
If the people of India elect a BJP-led NDA Government in May 2009, we assure the nation that India will join the global effort to put an end to banking secrecy and intensify it by every means  diplomatic, political and economic � to get back the real Sovereign Wealth of our country. The BJP will intensely and actively educate the public opinion on this issue and take it to the masses and create intense public pressure on the system to uncover this nexus between secret foreign money, terror, and politics.
BJP’s promise and plan of action
1. The Bharatiya Janata Party will conduct mass public opinion polls on April 6, 2009, Foundation Day of the BJP, on Indian money in secret accounts abroad.
2. The Chief Ministers of the BJP-ruled States will write to the Prime Minister urging him to write to the Swiss and other authorities to disclose the names of hoarders of Indian monies abroad, since it is a huge loss to the state exchequer.
3. The BJP will form a Task Force comprising experts in law, accounting, management and intelligence to prepare a strategic document for India to recommend ways to get back the national wealth stashed away illegally by the corrupt politicians, venal businessmen and criminal overlords. Shri S. Gurumurthy, well-known chartered accountant and writer specializing in investigative journalism; Dr. R. Vaidyanathan, Professor of Finance at the Indian Institute of Management, Bangalore; Shri Mahesh Jethmalani, a renowned lawyer; and Shri Ajit Doval, an acclaimed national security expert, have agreed to work voluntarily on this Task Force.
Courtesy:Â http://www.lkadvani .in

IS INDIA A POOR COUNTRY? – Revelation of Swiss bank accounts

IS INDIA A POOR COUNTRY?

by M R Venkatesh

Revelation of Swiss bank accounts

This is so shocking…….If black money deposits was an Olympics event…. India would have won a gold medal hands down. The second best Russia has 4 times lesser deposit. U.S. is not even there in the counting in top five! India has more money in Swiss banks than all the other countries combined!

Recently, due to international pressure, the Swiss government agreed to disclose the names of the account holders only if the respective governments formally asked for it. Indian government is not asking for the details…….no marks for guessing why?

We need to start a movement to pressurise the government to do so! This is perhaps the only way, and a golden opportunity, to expose the high and mighty and weed out corruption!

Please read on……and forward to all the honest Indians to…..like somebody is forwarding to you…….and build a ground-swell of support for action!

Is India poor, who says? Ask the Swiss banks. With personal account deposit bank of $1,500 billion in foreign reserve which have been misappropriated, an amount 13 times larger than the country’s foreign debt, one needs to rethink if India is a poor country?

DISHONEST INDUSTRIALISTS, scandalous politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them. This amount is about 13 times larger than the country’s foreign debt. With this amount 45 crore poor people can get Rs 1,00,000 each. This huge amount has been appropriated from the people of India by exploiting and betraying them. Once this huge amount of black money and property comes back to India , the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably.

Some 80,000 people travel to Switzerland every year, of whom 25,000 travel very frequently. ‘Obviously, these people won’t be tourists. They must be travelling there for some other reason,’ believes an official involved in tracking illegal money. And, clearly, he isn’t referring to the commerce ministry bureaucrats who’ve been flitting in and out of Geneva ever since the World Trade Organisation (WTO) negotiations went into a tailspin!

Just read the following details and note how these dishonest industrialists, scandalous politicians, corrupt officers, cricketers, film actors, illegal sex trade and protected wildlife operators, to name just a few, sucked this country’s wealth and prosperity. This may be the picture of deposits in Swiss banks only. What about other international banks?

Black money in Swiss banks — Swiss Banking Association report, 2006 details bank deposits in the territory of Switzerland by nationals of following countries:

TOP FIVE
INDIA $1,456 BILLION
RUSSIA $470 BILLION
U.K. $390 BILLION
UKRAINE $100 BILLION
CHINA $96 BILLION

Now do the math’s – India with $1,456 billion or $1.4 trillion has more money in Swiss banks than rest of the world combined. Public loot since 1947:

Can we bring back our money? 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 been 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 stripped 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. 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. Further, augmenting these studies of TJN, Raymond Baker — in his widely celebrated book titled ‘Capitalism’s Achilles Heel: Dirty Money and How to Renew the Free Market System’ — estimates that at least $5 trillion have been shifted out of poorer countries to the West since the mid-1970.

It is further estimated by experts that one per cent of the world’s population holds more than 57 per cent of total global wealth, routing it invariably through these tax havens. How much of this is from India is anybody’s guess.

What is to be noted here is that most of the wealth of Indians parked in these tax havens is illegitimate money acquired through corrupt means. Naturally, the secrecy associated with the bank accounts in such places is central to the issue, not their low tax rates as the term ‘tax havens’ suggests. Remember Bofors and how India could not trace the ultimate beneficiary of those transactions because of the secrecy associated with these bank accounts?

IS THERE ANYONE WHO CAN SAVE INDIA ?