I read Ashok V Desai
(Former Govt Finance Consultant & ex secretary of of Finance Govt of
India) article about black money. He said it is misconception that
black money put in swiss and other bank. Major part of money invested in
different business.
He said if a person invest money out of country & get less interest rate how is it possible? Means their is investment of black money. It is a matter of balance of payment. Their is opportunity of currency exchange similar to currency pair because every country have own currency. We can see if gold import tax decrease it will effect on balance of payment.
After a long discussion in our country is it possible any person can keep money in banks.
Mr Desai also said some money also invest in Real Estate.
So, Need of time is to think at another level & take strong action to pull all money in Indian economy.
If that money will inflow in our economy, it can boost to growth rate. Govt can create fearless environment for those person who keep money out of country. Govt can make policy regarding this neither all money can move to other country & upgrade to that economy. Indian economy need inflow of money therefore our PM visited Japan China and other country. So. Govt. Should work out sincerely.
Ajay
ajay.mrim@gmail.com
He said if a person invest money out of country & get less interest rate how is it possible? Means their is investment of black money. It is a matter of balance of payment. Their is opportunity of currency exchange similar to currency pair because every country have own currency. We can see if gold import tax decrease it will effect on balance of payment.
After a long discussion in our country is it possible any person can keep money in banks.
Mr Desai also said some money also invest in Real Estate.
So, Need of time is to think at another level & take strong action to pull all money in Indian economy.
If that money will inflow in our economy, it can boost to growth rate. Govt can create fearless environment for those person who keep money out of country. Govt can make policy regarding this neither all money can move to other country & upgrade to that economy. Indian economy need inflow of money therefore our PM visited Japan China and other country. So. Govt. Should work out sincerely.
Ajay
ajay.mrim@gmail.com
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