black money

The Switzerland Government has reportedly passed a federal act on the restitution of assets of savers. The closest example of this is former President of Egypt Hosni Mubarak. As per this act the authorities have the right to confiscate frozen assets and, subject to conditions, return them to the country of origin. Hence the hefty […]


What was Rajiv Gandhi’s fatal error in politics? It does not need a seer to say that it was his claim to honesty — branding himself as ‘Mr Clean’ — that proved fatal to him. Indira Gandhi was his contrast. Asked about corruption in her government, she said nonchalantly, ‘it was a global phenomenon’. This […]


According to the data provided by the Swiss bank, India has more black money than rest of the world combined. India topping the list with almost $1500 Billion black money in swiss banks, followed by Russia $470 Billion, UK $390 Billion, Ukraine $100 Billion and China with $96 Billion. It’s embarrassing for any country to top the list […]