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Our
clean political leaders have to muster courage to act and act now.
In the recent issue of India Today [31-01-2011] it is mentioned that
Sometimes, the money is physically transferred abroad. The CEO of
a Mumbai-based equity firm says that the money is flown abroad in
"specialflights" or chartered aircraft out of Mumbai and Delhi airports
to Zurich.Perhaps this is one reason behind the demand for private
planes. This reveals the gigantic dimension of the problem.
15. There was a report in India Today (February 18, 2008) regarding
foreign travels of Central ministers. It stated that a large numbers of
them visited Switzerland, including on personal trips, certainly not for
skiing in the Alps. Hence the PM should take the nation in to
confidence and inform about foreign travels to tax havens by his
cabinet ministers.
16. There are associated issues of Centre State relations since State
Governments may also have lost substantially due to commercial tax
or entertainment tax or registration revenue due to the actions of tax
evaders keeping funds abroad. Hence it is not just the issue pertaining
to Central Government alone.
17. Very often the discussions veer round to domestic black money.
Domestic black or unaccounted money is definitely important. At
least Domestic black money is used in our economy and to that extent
it is productive. But the money kept in Swiss Banks is neither useful
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19. The Media has a special role in creating awareness about the evil
phenomenon, and arouse the public opinion against it. This will also
force the political parties and the Government to act. In a democracy
the political systems reacts more to pressure than act on its own
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