According to Swiss Banking Association report of 2006..."Dishonest Indians" have stashed away some US Dollars 1,456 Billions. This is more than all the money deposited there by the rest of the world combined.
Then when the young entrepreneur bears thru this all, sets up a factory, he is assaulted by CTO and district Panchayat officials 4 backsheesh. This is even b4 he has paid the EB deposit 4 the factory.
Even after handling that, and finishing his purchase orders on time, his goods get intercepted by checkpost cops who want...backsheesh.
And even after clearing that backsheesh, when the goods make it to port, customs authorities who have 0 clue of economics want ...more
And the IRONY is that the MAJORITY of Indians still take PRIDE in the GREAT INDIAN CULTURE... Arsha bharatha samskaram.
any way we need to check our system and nature of funds raised by people or group of people.
The news is indeed shocking but as I said in my answer to your last question on the subject there is much much distance between the cup & the lip and absolutely remote chances of getting the money back or even if recieved back being utilized for public welfare.