23. (SOCIAL-23) INVESTIGATION FOR MONEY.

Money....Money...Trillion Dollars/One Lakh Crore Dollars/Sixty Lakhs Crores Rupees--This is the calculation by various agencies in India regarding Black money of unaccounted funds or black money stashed by Indians abroad. As per Central Bureau of Investigation, it is 50.000 thousand crores of Dollars. From decades peoples demand is alive to fight a battle against generation of unaccounted money. Previous Governments from decades Failed/Neglected to bring back the black money which were in Foreign Banks especially in SWISS since post independence.

After 1994 as per our changed economic policies most of the black money came in to India in many ways. Now it is  in the shape of Gold trade, Real estate,Stock Market and Commodity market etc. Research analysis reveals it is up to Twenty three lakhs crore rupees. Proper speed up investigation is needed in this matter.The total Investigation matter is before the Honorable Supreme Court of India. If the calculation are true regarding black money value, Indians are lucky and India will shine. Per Capita income will increase and Taxes will control. Rupee will overcome Dollar. No foreign debts, No inflation. Let us see what will happen.

The Supreme Court of India, 0n 23 May 2014 had granted one week's time to the Central Government to set up SIT under Shah to monitor all black money cases as per its direction. The SIT will be headed by Former Supreme Court Judge Justice M.B.SHAH with Justice ARIJIT PASAYAT(Retd) being the Vice Chairman. Heads or top officers of ten investigative and enforcement agencies of the country will be the members of the exclusive panel. Shall have the jurisdiction all over the cases with regard to instances of black money and illicit funds generated and sent to overseas destination and Tax heaven Nations(Nearly 70 countries).

MODI Government taken positive steps to set up SIT in his first Central Cabinet meet. 

Hope investigation will reach its Goal.

                             -------PENDYALA VASUDEVARAO.