They keep it in USD as far as I know.. The money is sent thru to Swiss bank thru Hawala... i.e someone pays the money in cash in India and funds are deposited in Swiss Bank by someone else in cash in any of the currencies. The actual cash still remains as cash in India and changes hands for someone who is looking to bring the money back into the country... but remains unaccounted and black more
Hi Vinay ji, I agree with you. But what you are saying might take years to happen. We are a country of 1.2 billion with over 300 million relatives outside India. The money could be stashed in anyone's name... it will be extremely hard to track. My idea to change the currency will deposit huge amount of unaccounted funds directly into Reserve bank - since all the missing money or unaccounted / unclaimed funds will become property of the RBI if the funds are not exchanged in given year. Before this happens a "Vol Disclosure Scheme" could be launched just to give the last chance to the people who wish not to loose all the money once the currency is changed to "Indian Dollars"? Regards Ashish more
there are analysis in the market that the govt won't be able to get the money stashed abroad back because of legal hassles. however, i am of the view that the point of treason is above any law and person who so ever had sent the money out should be treated like a traitor. i am of the view that the govt agencies can start tracking money even from the present position. even if the govt is able to catch one person and sets example rest shall follow the precendent. any body who has become rich and famous overnight can be the most suspicious person more
See attached friends. Average summer have gone up in India by 5-8 degrees in last 5 years. Like this we will have 50 degrees in Delhi soon. This is climate change for us.
The most important parameter for judging any government is the inflation vs. increased incomes. A study was conducted in Maharashtra on the cost of making two thalis in 2019 and 2024. The data used...
AstraZeneca, for the first time, admitted in its court documents that its Covid vaccine can cause rare side effects, paving way for a multi-million pound legal payout, The Telegraph reported on Sun...
Musk canceled his visit to India "because of a busy schedule." He arrived in China today but could not find time to fly five hours southwest. Despite having 1/6th of the world's population, India i...
LocalCircles has been doing phenomenal work in the area of aviation reforms. In fact its the only hones public voice out there. Even many newspapers dont cover public issues with airlines.
The LocalCircles survey on food safety was nicely carried here in Kolkata by Telegraph and it makes it clear. FSSAI and state food departments are failing the people.
Several users have reported being able to view other customers' ICICI Bank credit cards on their iMobile app. Since the full card number, expiry date, and CVV are visible on iMobile, and one can ma...
Super excellent work LC and great to see this clip I received in one of the groups of LocalCircles work getting recognised on the issue on NDTV. Children under 12 now have to be seated with parents...
The RBI has directed Kotak Mahindra Bank to cease and desist, with immediate effect, from (i) onboarding of new customers through its online and mobile banking channels and (ii) issuing fresh credi...
Please read and share the post link with all your WhatsApp groups friends. Especially senior citizens and teenagers 1) Urgency for Medical or Police Cases Parents receive a ca...
Last week it was reported in media that nestle has been adding sugar in baby formulae which likely led to many of these babies liking sugar and needing sugar as the grew into toddlers and then even...
By Radhika Maheshwari
/
Share
Sign Petition
Enter your email and mobile number and we will send you the instructions