An estimated 500 billion dollars to 1.4 trillion dollars of unaccounted money has been deposited secretly in overseas banks by wealthy Indians and corporate bodies.- the government is aware of the quantum of black money in foreign accounts - Why there is no clear views expressed ?
No control over arresting Black money....Wealthy Indians has ties with ruling politicians.
All the Political parties , politicians are part of black money dealers and well corrupt.
Particularly ruling party.They know everything ...but never reveal.
BJP leader L K Advani also wanted a white paper on the magnitude of the blackmoney
menace and steps taken by the government to tackle it.
Best way to make the black money nul & void is introduce plastic / vertual money, where the money exist in terms of only values in books whereas the cards are used for transaction. Have only limitted currency in the market for petty transactions. All transactions from bus & train tickets to propety sale should be thro' cards only.