Make In India

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Modi government made a plan to develop 100 smart cities in India by investing 7000cr rupees. 2000cr rupees are expected to invest for a technology center. Many officers from foreign countries are also seems interested in this plan and in continuity visiting India time to time.

Smart campus of Cisco:

Smart campus of Cisco at outer ring road of crowded Bengaluru is kind of mini smart city. There are 12000 employees working in Smart campus of Cisco and they are getting enough facilities such as cafeteria, to order something, booking of cab, booking of hotel room, getting appointment of campus doctor all are available on just one application.

In campus of cisco, energy saving is very sensitive issue. They give a lot more importance to energy saving. If any conference room booked by anyone else then the lights, a.c etc. will start itself on time.

Except all these facilities there is an emergency medical primary healthcare facility too. If it is an emergency then you can call on a number and get instant help. Ambulance will come in just few minutes and take you to manipal hospital where you can get a good treatment. There are many ambulances in the campus.

Officials say that after making this campus smart, employee are performing well then before. Other IT companies are also considering this foot prints of Smart campus of Cisco.

More than 100 IT companies are active:

According to a report more than 100 companies in India are providing the facilities of software and hardware. These companies are seeing their bright future in the process of smart cities in India.

Here the meaning of smart city is, to make a residential area where everything is done by use of information technology and providing entire facilities to people who are living in. mainly there are energy saving, water saving and cleanness are the issues for making smart cities.

An initiative by big IT firms:

  • A demo command center has been established in Jaipur by tech Mahindra.
  • Microsoft launched city next initiative.
  • Wipro providing different facilities in lawasa scheme near pune.
  • Companies like cisco and Infosys converted their own campus and offices in smart models.

Smart cities is the future:

According to few Specialists of IT the future will be all about the smart cities. This concept will be adopted by entire India. Only technology can improve the condition of India where population is increasing very fast. Although it will be the great investment to implement is plan but smart cities are need of India at this time.

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Moving ahead with the Diamond Quadrilateral project, railways have selected companies from China,FranceandSpainto carry out feasibility study of three routes connecting Delhi with Mumbai and Kolkata and also between Mumbai and Chennai.

The Rs 2 lakh crore Diamond Quadrilateral project aims to drastically reduce the travelling time between the metros with the introduction of the high-speed trains, which will run at speeds of about 300-kmph.While a company fromChinawill study Delhi-Mumbai route, another company from France has been given Mumbai-Chennai corridor. A Spanish company will conduct the route between Delhi and Kolkata, said a seniorRailwayMinistryofficial.

High Speed Rail Corporation has awarded the contract to the Third Railway Survey and Design Institute (China), Systra (France) and Ineco (Spain) to carry out feasibility study of three highspeed corridors.The feasibility study for the three routes is estimated to cost about Rs 30 crore.Currently, the superfast Rajdhani Express coversthe distance between Delhi and Mumbai in about 16 hours.

With the introduction of the high-speed train, the travel time is expected to be reduced by almost half.Similarly, the travel time between Delhi and the other metros will be reduced with the introduction of bullet trains.At present, a Chinese company is already involved in undertaking feasibility study of the Delhi-Chennai route, also a part of the Diamond Quadrilateral project.

Taking a major step under the Narendra Modi government’s flagship, Diamond Quadrilateral Bullet Train project, the Railway Ministry today handed over three corridors for feasibility study to China, France andSpain to revert back with detailed reports within 12 months.According to high level Railways sources, the Delhi-Mumbai bullet train project would be completely different from the Mumbai-Ahmedabad project.

India’s first bullet train corridor, between Mumbai and Ahmedabad, could turn out to be the cheapest high-speed train service inthe world.The Japanese team working on its feasibility study has worked out its “fare box revenue” model, according to which the bullet train fare will be just one-and-a-half times more than the AC-I fares of other trains on the same route.According to this model, the Mumbai-Ahmedabad bullet train fare works out to about Rs 2,800, calculated on the basis of the current AC-I train fare of Rs 1,895. Currently, trains on this route take about eight hours for the 534-km journey. The bullet train is expected to take less than two hours.

As per the team’s estimates, about 40,000 people are going to use the corridor every day by 2023 — when the bullet train serviceis expected to begin. The AC-1 fares for this sector in 2023 would serve as the reference for the bullet train fares.The study found that pricing the tickets anyhigher would make the flights a more attractive option, and any lower would not support the maximum revenue generation. By keeping the fares low, the bullet train will be able to steer clear of a fare war withairlines, while also retaining the existing business of higher-class railway travel.The corridor is expected to have around 10stations, and is supposed to cost Rs 98,000 crore, after factoring in inflation and taxes. Work on the corridor is expected to be completed about eight years after it is commissioned.

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Modi said that there is no space for cruelty on religion and castism in India. Pm modi was speaking from red fort on the occasion of 69th independence day of India.

 

Pm modi also specked about to increase the growth of India up to 75th Independence Day of India. Pm also announced about the program of startup India. He mentioned in his word that this program will make enthusiasm in Indian youth about hard work and success. There are 1.25 lakhs banks in India which should give opportunity to one female from schedule cast or schedule tribe category.

With all that PM modi gave the slogan of “Startup India , Standup India”. Pm said they will develop the village of India upto 2022 by giving the facility of electricity, houses,lpg. Etc and said that in coming days they will provide electricity to 18500 villages of India which are still apart from these kind of facility.

Modi also talked about the development of north east India and he specked about the development of earlier days . Pm said they will take some strict action against terrorism and crupption.Modi also mentioned his steps took against corruption.

Modi said his government has also focused on social security and introduced the Pradhan Mantri Beema Yojana and Atal Pension Yojana as promised.

Speaking about Swachh Bharat Abhiyaan, the Prime Minister said that a “Clean India” would be the best tribute to Mahatma Gandhi on the occasion of his 150th birth anniversary in 2019.

The Prime Minister praised the children of the country by saying that they had provided the maximum strength to the “Clean India” initiative. He described the children as the brand ambassadors of the Swachh Bharat Abhiyaan.

Modi also made a mention about maintaining the dignity of labour, saying that it has to be country’s national duty and be a part of its national character.

He said his government’s Shramev Jayate Yojna is an attempt to change the way people look at the labourers.

The Prime Minister used the occasion of his address to pay homage to the great people who had sacrificed their lives for India during the country’s freedom struggle

He stressed that unity in diversity will lead to the realisation of the dreams of Indians.

Saying that the people’s participation is the biggest asset of a democracy, he said that Team India of 125 crore people can take the nation to new heights.

He also stressed on the need for financial inclusion and said that all government’s schemes must serve the poor.

Emphasizing that in the year-and-a-half of the NDA Government, there was now a new atmosphere of trust, the Prime Minister said that the doors of banks have been opened to the poor through schemes such as the Jan Dhan Yojana and MNREGA to strengthen financial inclusion.

Modi said bank accounts are essential for integrating the poor into the financial system and substantiated his claim by revealing that Rs. 20,000 crores has been deposited in 17 crore Jan Dhan bank accounts.

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The Modi Government has already showed its intentions with the most productive financial year of the era.

With the introduction of certain pension schemes and insurance schemes in recent applications of the government of India, Modi Government planned well to launch the official application of the Narendra Modi, to get direct responses from the PM.

Now, the official “Narendra Modi” is available for Android play store and is expected to come soon for the iOS store.

The PM tweeted about the launch of the application from his official twitter account and asked citizens to “Come, let’s stay connected on mobile”.

Narendra Modi has always been a tech-savvy leader and is one of the major promoters of the e-governance and policies to make the system and procedures easier.

This android application is basically a one-stop destination for knowledge about the latest updates on the work done by the Modi Government, latest amendments and regulations, statistics regarding GDP growth and development in India.

With just one click user friendly interface, this application will allow the users to connect to the PM quickly.

The latest features of this app are:

  1. Best opportunity to receive messages and emails directly from Prime Minister Narendra Modi.
  2. The best way to interact with the PM and share reviews and ideas with the PM and clear all doubts regarding the government policies and regulations.
  3. The latest updates from Modi Government and steps taken by Modi Government for the development of India. This will help in regulating the GDP and growth prospects in India.
  4. There is also an option to contribute and earn various “Badges” through the to-do tasks.
  5. Another best feature of this application will be the updates from the official blog of Narendra Modi.
  6. One can tune-in and listen to various “Mann ki Baat” editions of the PM Narendra Modi.
  7. Comprehensive information on initiatives and achievements of the Union Government along with a section of “infographics”
  8. The unique insights of the Biography section will give a motivation for the working minds of the nation.
  9. Easy and user friendly graphical user interface that makes it easier for the users to access and connect with the PM Modi.

The application therefore, let us read and know about PM Modi’s style of “Good Governance” and is equipped with a dedicated section that highlights the efforts and hard work of PM Modi in developing Make in India program and giving a Global Tag and Global Recognition to the nation accompanied by the wonderful infographics section that helps improve the know-hows of the lives of the people of India.

 

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The era of Modi-fication has actually arrived in India in terms of health, wealth and properity throughout the country.

The transformation from a lazy government to a powerful and confident government has changed the roots of the country.

Here are top five advantages/Achievements and Disadvantages of the Modi government:

Advantages:

  1. Mid-Day Meals:

The mid-day meal scheme modified by the Modi government is the largest school feeding scheme in the world.

K Kamaraj, the last of congress titans in Tamil Nadu began this scheme and was successful in implementation of this scheme.

In 1995, this scheme was extended by union government across the country. The latest amendment to this scheme was added by Smriti Irani, the youngest of the Modi Government, who was successful in adding buttermilk to the menu.

The main aim was to improve the health of the school children and this buttermilk is traditional and inexpensive providing a complete nutrition to the children.

Currently, this scheme caters to around 11 crore children in the 12 lakh schools of India.

This is a great achievement by the Modi Government.

  1. Junking the Old System & Laws

The title itself says the applicability of new system in the country. This actually goes in favor of the Modi government as well as the government lead by Shri Atal Bihari Vajpayee, who literally worked on removing junk laws from the system.

Modi has in return, removed various dead files and the era of advancement has arrived.

About 1.5 lakh old files were destroyed by the government and according to the Home Minister, Raj Nath Singh, more than 11,000 such files have been shredded and the statistics are still continued.

The longer procedures of the old laws have been modified and cut down to repeal 32 irrelevant acts in the system and about 287 laws are still pending to be repealed.

The overregulation of laws is now in control by the Modi Government.

 

  1. Swachh Bharat Abhiyan

The masterstroke of Modi government is the Swachh Bharat Abhiyan. This mission is being incorporated by Modi government in the memory of Mahatma Gandhi, aiming for a hygienic and a clean India.

The vision is to sweep, mope, dust and wash the surrounding and remove unwanted unhygienic materials from the society to help improve thought and action in Daily Routine.

This has improved the habits of the citizens of India.

  1. Prime Minister- Public discussion on Addiction

The first Prime Minister to formally initiate a discussion on addiction is Narendra Modi. The main aim is to remove and eradicate the addictive drugs from India. The corporates produce more substances and consumption rate also increases side by side. The tax saving helps earn more.

PM himself visited many places in India and generated public awareness campaigns to help people who are addicted to harmful drugs. This is a missionary project and will definitely help to control the addiction rates in India.

  1. Invite SAARC nations to the swearing-in

This was the biggest ever move by the Modi Government following the purpose of positioning India as a leader of South Asia. This move was basically smart, aggressive and big.

The most rousing moment in the Indian diplomacy was to accept India as a leader of South Asia and a permanent member of SAARC. Modi has spread its roots way ahead and is expected to touch great heights of success in future.

With more positives there are some disadvantages of Modi Government:

  • The distrust of people on Modi Government in some areas of railways, petrol prices etc have impacted to be disadvantageous for the nation.
  • The myth revolves still around Modi Government that being a Gujrati, Modi could work only on Gujrat with full power and confidence.
  • People often call Modi a ‘Mollusionist” as he mesmerizes his targest with his charming oratorical skills and a never say die spirit, claims, propagandas and flying claims.
  • The rumor of Modi Government’s disrespect to the Muslim People shows some signs of negativity to the nation.
  • The so called “Flight Mode” of Modi, as he mostly visits different nations for deals and partnerships for the development on India, still people question Modi Government on grounds of wealth and ban of foreign investment in India.

 

 

Has Modi Government Really Delivered the Slogan “Ache Din” fruitfully?

It is always said that “Life’s Battles don’t always go to the stronger or the faster person, but sooner or later the man who wins is the man who thinks he can”

This is the thinking of this cost savvy government, which always wanted the benefit of the nation.

Being into power today, still Modi Government is being questioned on the factors of delivering the so called “Ache Din” fruitfully?

When NDA Government assumed office last year, it was directly confronted with a challenging task of taming raging price rise as the food inflation touched the double digits.

The government basically took challenges to unveil the steps to check the rising prices. It eventually got states on the board for a crackdown on hoarders and steps to improve supplies. It set up to an amount of Rs. 500 Crore price stabilization fund to support the market interventions for the control of prices of mostly the perishable goods.

The modernization in the retail sector as well as the wholesale sectors have prodded the central bank to cut the interest rates and government banks began on sharp interest rate reduction to regulate the investment cycle in the country.

Commercial banks reduced the lending rates is a fantastic move to revive interest rates.

While the price situation remains comfortable with the new government, the forecast below normal monsoon basically added an element of risk in the inflation traction. The Government will have to work on the encouraging farmers in the fight against prices-improving the supply chain, revamping the farming sector, shoring up irrigation across the country.

The major Promises of this Government were the PM’s Sansad Adarsh Yojana, convergence of activities basically under MGNREGA with the help of Swachh Bharat Abhiyan. The announcement of new land acquisition law to replace the 2013 legislations.

The major plus points include new initiatives under MGNREGA to check the delay in payments such as the mobile monitoring systems and to ensure the better quality of assets created by setting the delivery based approach.

The Government began consultations on the New National Education policy covering some points about bottom up approach. The Beti Bachao Scheme has progressed well for the first four months in the selected districts with the introduction of first rape crisis centre in Chandigarh.

A decision has also been taken to introduce new vaccinations in the universal immunization programme launched to eliminate rotavirus that has killed many babies. National health portal has been launched to provide help to TB patients, mentally retarded patients and cancer patients even to cure these dieseases on a large scale.

Overall, the actual struggle and work done by Modi Government has revolutionized the system in the country and have brought up new amendments that strive to make the world around people a better place to live and survive , thus delivering the so called “ACHE DIN” at glance.

 

 

Prime Minister Narendra Modi’s foreign visits have always been enthusiastically followed by the Indian media, right from his first trip to Bhutan last year. The trend continual on similarly once PM Modi undertook a three-nation tour as a part of his tries to woo foreign investors and CEOs to start out business in India. Prime Minister Narendra Modi’s three-nation tour to France, Germany and Canada from 9 April to 17 April 2015 was intended to deepen bilateral strategic partnership, augment investment flows into our economy and enhance bilateral scientific and technological cooperation. The significance of the visit can be well understood by analyzing the initiatives of the Prime Minister in the Strategic and Political and Economic spheres coupled with the domestic economic situation. His trips are a heady mix of everything that includes cultural programs, visits to war memorials and detailed bilateral talks. While his public functions are broadcasted across television channels and plastered across newspaper front pages.

 

PM’s summit level talks with the heads of the three government’s viz., French President Francois Hollande, German Chancellor Angela Merkel and Canadian Prime Minister Stephen harpist resulted in language numerous memoranda of Understandings (MoUs) and Agreements associated with Defense, Energy, Infrastructure, Space, talent Development, etc.

 

India’s relations with France assume importance owing to France’s endorsement for India’s permanent membership in the UNSC. By virtue of being one of the permanent five members of the UNSC, France’s cooperation is of vital importance for India’s entry into the Global elite league. Signing of an agreement to buy 36 Rafale fighter jets in fly-away condition is aimed toward deepening the strategic partnership and to meet immediate domestic defense needs.

India’s relations with Germany assume importance because of its leadership role in the European politics and its sphere of influence in the leading global forums like G8 and G20. India along with Brazil, Germany and Japan have formed the G4 grouping to press for speedy United Nations Security Council (UNSC) reforms and their inclusion in the powerful organ of the world body. The joint statement issued by the two leaders during the visit is a reflection of growing cooperation between the two countries.
India’s emphasis on augmenting relations with energy-rich Canada is evident from the fact that Modi’s visit is the first bilateral visit by an Indian Prime Minister in 42 years. The signing of a business deal with Cameco Corporation to operationalise the India-Canada Nuclear Cooperation Agreement of 2013 is aimed at enhancing bilateral cooperation and overcome the energy deficit.

 

In essence, Modi’s visit to three developed nations centered on articulating the improved simple doing business conditions within the country and to draw in necessary capital and technological resources to make sure quicker and property economic development of the country.

 

International Women’s Day is celebrated in many countries around the world. It is a day when women are recognized for their achievements without regard to divisions, whether national, ethnic, linguistic, cultural, economic or political. International Women’s Day first emerged from the activities of labor movements at the turn of the twentieth century in North America and across Europe.

Since those early years, International Women’s Day has assumed a new global dimension for women in developed and developing countries alike. The growing international women’s movement, which has been strengthened by four global United Nations women’s conferences, has helped make the commemoration a rallying point to build support for women’s rights and participation in the political and economic arenas. All around the world, International Women’s Day represents an opportunity to celebrate the achievements of women while calling for greater equality. Each year International Women’s Day (IWD) is celebrated on March 8. The first International Women’s Day was held in 1911. Thousands of events occur to mark the economic, political and social achievements of women. Organizations, governments, charities, educational institutions, women’s groups, corporations and the media celebrate the day.

Various organizations identify their own International Women’s Day theme, specific to their local context and interests. Many charities, NGOs and Governments also adopt a relevant theme or campaign to mark the day. It’s a day for general celebration of respect, appreciation and love towards women to a celebration for women’s economic, political, and social achievements.

From 1908, the Women’s Social and Political Union (WSPU) in Great Britain adopted the color scheme of purple, white and green to symbolize the plight of the Suffragettes. Purple symbolized justice and dignity – two values strongly associated with women’s equality. The three colors were used for banners, flags, rosettes and badges to show solidarity.

In 2015, International Women’s Day, celebrated globally on 8 March, will highlight the Beijing Declaration and Platform for Action, a historic roadmap signed by 189 governments 20 years ago that sets the agenda for realizing women’s rights. While there have been many achievements since then, many serious gaps remain. This is the time to uphold women’s achievements, recognize challenges, and focus greater attention on women’s rights and gender equality to mobilize all people to do their part. The Beijing Platform for Action focuses on 12 critical areas of concern, and envisions a world where each woman and girl can exercise her choices, such as participating in politics, getting an education, having an income, and living in societies free from violence and discrimination. The UN theme for this year is “Empowering Women, Empowering Humanity: Picture it!” The International Woman’s Day theme for 2015 is ‘Make It Happen’.

International Women’s Day is a time to reflect on progress made, to call for change and to celebrate acts of courage and determination by ordinary women who have played an extraordinary role in the history of their countries and communities. It’s a day to honor the movement for women’s rights and to build support for achieving universal suffrage for women. Suffragettes campaigned for women’s right to vote. International Women’s Day honors the work of the Suffragettes, celebrates women’s success, and reminds of inequities still to be redressed. Let’s move together this year for the support and suffrage of every women across the world and really “Make it happen” for them, a place worth to live despite social and religious obligations; a land where they can freely live and breathe.

 

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A perennial challenge facing all of the world’s countries, in spite of their level of economic development, is achieving monetary stability, economic process, and better living standards. There are many various methods that may be taken to attain these objectives, and each country’s path is going to be completely different given the distinctive nature of national economies and political systems. The ingredients contributing to China’s high rate over the past 20 years have, for instance, been terribly completely different from people who have contributed to high growth in countries as varied as Malaysia and Malta.

Yet, supported experiences throughout the planet, many basic principles appear to underpin larger prosperity. These embrace investment (particularly foreign direct investment), the unfold spread of technology, robust establishments, sound economic science policies, an informed hands, and therefore the existence of a free enterprise. Moreover, a standard divisor that seems to link nearly all high-growth countries along is their participation in, and integration with, the worldwide economy.

There is substantial proof, from countries completely different of sizes and different regions, that as countries “globalize” their voter’s profit, within the type of access to a wider sort of merchandise and services, lower costs, additional and better-paying jobs, improved health, and better overall living standards. It’s in all probability no mere coincidence that over the past twenty years, as variety of nations became additional hospitable world economic forces, the share of the developing world living in extreme poverty—defined as living on but $1 per day—has been cut in 0.5.

Economic “globalization” could be a historical method, the results of human innovation and technological progress. It refers to the increasing integration of economies round the world, significantly through the movement of products, services, and capital across borders. The term generally additionally refers to the movement of individuals (labor) and information (technology) across international borders. There are broader cultural, political, and environmental dimensions of economic process. The term “globalization” began to be used a lot of usually within the 1980’s, reflective technological advances that created it easier and faster to finish international transactions—both trade and money flows. It refers to associate extension on the far side national borders of a similar economic process that have operated for hundreds of years the least bit levels of human economic activity—village markets, urban industries, or money centers.

India is calculable to own the most important growth potential, which suggests it may become the world’s second- largest economy when China by 2050. India’s economic output would then be eight times larger than Germany’s. There square measure many major reasons for this, together with the actual fact that Asian country may be a democracy with a extremely developed academic system and a non-public sector that has been consistently swollen over the past twenty years. However Asian country conjointly faces nice challenges, particularly once it involves increasing infrastructure and combating impoverishment. Four out of 10 folks in Asian country live below the poverty level, whereas just one out of 5 Chinese remains thought of poor.

This quantitative relation was the terribly opposite simply twenty five years past. Though progress in these countries has been spectacular, the United Nations’ Human Development Index, that primarily measures the standard of life, has developed less well. China presently ranks a hundred and first within the Index, whereas Asian country is 134th, Brazil 84th, Turkey 92nd, and Republic of South Africa 124th.

According to the OECD, financial gain difference has multiplied within the nice majority of its member countries since the mid-1980s. Additionally to occurring within the West, this has conjointly occurred in rising markets like China and Bharat. The authors of the planet Economic Forum’s world Risks Report 2012 think about financial gain difference the most important danger within the world at the instant, deeming it to be an excellent bigger risk than the sovereign debt crisis and also the steady increase in green house gas emissions.

They state that but encouraging the expansion figures of the many rising markets and developing countries could also be economic development is commonly restricted to booming core zones, like China’s coastal regions with their centers in Shanghai and Shenzhen, or cities like urban center, Dubai and Singapore.

PricewaterhouseCoopers’ forecasts for 2050 are yet cause for little optimism. China’s per capita financial gain on the idea of buying power parity can then be concerning 0.5 that of the U.S., whereas financial gain in state are concerning one fifth that of the U.S. However what’s going to it mean for planet Earth if billions of at one time poor folks live just like the inhabitants of industrialized nations? That’s exactly the matter, since there aren’t any world solutions seeable for world challenges like financial condition, resource scarceness, global climate change, migration, and world trade. A new, globally valid business model is required to make sure property. It might not solely need to fulfill people’s desires for a better normal of living while not any damaging the setting, however would additionally cut back social inequalities.

In India, Black cash refers to funds earned on the black market, on that financial gain and alternative taxes haven’t been paid. The entire quantity of black cash deposited in foreign banks by Indians is unknown. Some reports claim a complete extraordinary US$1.4 trillion area unit stashed in Suisse. Alternative reports, together with those reportable by Swiss Bankers Association and also the Government of Suisse, claim that these reports area unit false and fancied, and also the total quantity command all told Swiss banks by voters of Republic of India is regarding US$2 billion.

In February 2012, the director of the Central Bureau of Investigation aforesaid that Indians have $500 billion of ineligible funds in foreign tax havens, quite the other country. In March 2012, the government of Republic of India processed in its parliament that the CBI Director’s statement on $500 billion of ineligible cash was associate estimate supported a press release created to India’s Supreme Court in July 2011.

In early 2011, many reports Indian media alleged Swiss Bankers Association officers to own same that the biggest depositors of embezzled foreign cash in European nation are Indian. These allegations were later denied by Swiss Bankers Association still because the financial organization of European nation that tracks total deposits control in European nation by Swiss and non-Swiss voters. In 2011, the Indian government received the names of 782 Indians United Nations agency had accounts with HSBC.

As of December, 2011, the Finance Ministry has refused to reveal the names, for privacy reasons, although they did ensure that no current Members of Parliament are on the list. In response to demands from the Bharatiya Janata Party (BJP) opposition party for the discharge of the knowledge, the government declared on 15th December that, whereas it might not publish the names, it might publish a study concerning the HSBC data. In line with study on Black cash in Republic of India report, printed in May 2012, Swiss commercial bank estimates that the full quantity of deposits altogether Swiss banks, at the tip of 2010, by voters of Republic of India were CHF 1.95 billion (INR 92.95 billion, US$2.1 billion).

Indian Express released the list of 1195 Indians account holders and their balances for the year 2006-07 in HSBC’s Geneva branch. The list was obtained by French newspaper lupus Monde and enclosed the names of many distinguished businessmen, diamond traders and politicians. The amount of Indian HSBC shoppers is roughly double the 628 names that French authorities gave to the Indian Government in 2011. Indian government aforementioned it’ll probe this matter.

The balance against the 1195 names stood at Rs. 25,420 crore. The list that had names of dictators and international criminals, was at the same time revealed by news organizations  in forty five countries together with The Guardian, UK,  Haaretz, Israel; BBC, London. HSBC had helped its shoppers evade taxes and aforementioned during a statement that “standards of due diligence were considerably under nowadays.”

Complying with the Supreme Court directive, the new government on its first day in office  constituted a special investigative team (SIT) headed by a former Supreme Court Judge to unearth black money, including in the case of Hasan Ali. M B Shah, head of the SIT that also comprises another retired Supreme Court judge Arijit Pasayat as vice-chairman, assisted by the Revenue Secretary, directors of CBI, IB, RAW and ED, the CBDT Chairman and an RBI deputy governor.

But is it all that is enough to bring black money. Several protests have been held for the issue. Various social activists and people in common have alleged the government and demanded to ratify the issue of black money. This is really shocking that nation like India where poor people die of hunger and lack of basic amenities; rich make money and curb the poor. The statistics show that dishonest industrialists, scandalous politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them. This amount is about 13 times larger than the country’s foreign debt. With this amount 45 crore poor people can get Rs 1, 00,000 each.

This huge amount has been appropriated from the people of India by exploiting and betraying them. Once this huge amount of black money and property comes back to India, the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably. More smoke than light has been generated on the current outcry on black money. But now it’s time to separate wheat from chaff. We hope that the new government will fulfill its promise and will bring money back to home.