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Q.

Does bringing Black money back from foreign banks solve all the problem Of India

Tags: india, money, money back
Asked by Amol Raikar, 11 Jan '13 09:50 pm
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Answers (7)

1.

Bringing back black money is a very uncertain and vague term. any financial irregularity is set right with imposition of tax, interest and penalty under different acts, which can also entail prosecution leading to various periods of imprisonment. That's a big complex legal process. But repatiation of such money will certainly be beneficial to such a situation of resource crunch.
Answered by soumyen sarkar, 11 Jan '13 10:15 pm

 
  
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2.

Can't say but definitely all foreign countries will fail completely and die with hunger.
Answered by ashwani agarwal, 11 Jan '13 10:02 pm

 
  
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3.

But they use that money in India for development
Answered by yusuf syed, 11 Jan '13 10:02 pm

 
  
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4.

The money deposited in foreign banks by dishonest Indians cannot be brought back by any one. Reason being that foreign banks don't consider it as bad money and they consider these dishonest Indians as just customers who deposited their money in their banks. Foreign banks are not under Indian laws and those countries are sovereign and India cannot force them to send that money back to India.
Answered by QueSera Sera, 11 Jan '13 09:59 pm

 
  
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5.

Yes, according to a recent study that the whole black-money, if brought in, can be enough to run at least a dozen governments with surplus budgets...!
Answered by Dil Se, 11 Jan '13 09:54 pm

 
  
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6.

No
Answered by DNA, 13 Jan '13 08:00 pm

 
  
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7.

No way
Answered by iqbal seth, 12 Jan '13 08:50 am

 
  
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