Retrieve Indian money stashed abroad

Abstract

Prof. Vaidyanathan was lecturing on “Effect of Black Money In The Indian Economy” at the monthly lecture conducted by the Bharatiya Vichara Kendram. “When the recession struck the west, countries tried to get the money their citizens had stacked away in tax havens. India should also put pressure on these places to get back their share. Countries like Switzerland have a huge investment in our country. We should ask them to cooperate or face the consequences,” he said. He lined out statistics of ministers’ foreign trips to these tax havens, which is unknown to the Prime Minister’s Office. Prof. Vaidyanathan talked about his suspicions that most of these trips were to these safe locations for stashing black money.He said: “When the German government announced that they had procured a list of people who had hidden their wealth in one of these places, and it was available for free, most of the countries were interested in getting it. India was not interested.” Read more at: https://rvaidya2000.com/2010/09/01/retrieve-indian-money-stashed-abroad/