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Black Money Issue During the 15th Lok Sabha elections BJP leaders had raised the issue of black money that corrupt Indian millionaires, political leaders and police officials have deposited in the foreigner especially Swiss banks. They were saying that billions of black money will be brought back into the country and India will become world’s most prosperous country in a very short time span. But one question rises that corrupt industrialists and political leaders are the owners of this black money not the ordinary Indians and thus who will bring the black money back into the country and who will allow doing so. During the election time it was a perfect slogan to befool the people but now Congress led UPA government should seriously and honesty think about this problem so by bringing the black money back into the country the progressive works should be given a new impetus.

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Reality In reality the term ‘black money’ is related with cash flow of the currency and only those people know how to use it properly who are the masters in this profession. Firstly black money is deposited in the foreigner countries or properties are bought in and out of the country with this money. Sometimes, people buy land or large farm houses in the names of their relatives which are usually bought in non-existent or bogus names. Whenever some officer or leader is caught red handed taking the bribe they usually decline about their ownership of some property etc. so properties are bought in non-existence names by the corrupt officers and leaders. There are many examples of it that corrupt leaders amassed a lot of property during their rule and they were blamed for corruption. They lost in the elections but after elections their children live the life of kings. CBI raids recovered documents of property that had been bought in non-existent names. Luxury cars were found but they say that their relatives are the owners of these items who are the god fearing people and daily goers to the Gurudwaras or temples. There are many examples when many high class government officials and police officers had collected crores of rupees though corrupt means for the satisfaction of their personal interests.

Corruption Definition United Nations Development Program has given a new definition to the increasing corruption of Asian countries according to which if some political leader or government officer misuses his power for his personal interests or accepts money or gifts as bribe then it can be called corruption. There is also another example of corruption: to earn money by abducting someone, acceptance of commission for doing some government works or earn by fraud. There is another way also. Sometimes people buy the government property in their own name by corrupt means. Then a large amount of money is taken from some bank by giving the guaranty of that property and that loan is never paid back. UNDP has said that a few people are becoming rich by the misuse of their position and by fearing the ordinary people. On the other hand poor are becoming poorer. Thus new investment and the progress rate of the country is adversely affected. There is an organization named Transparency International that keeps a hawk’s eye on the corruption of whole of the world. According to it no other country is as corrupt as is India. It has analyses the reports of 159 countries of the world and India is at number 12th as for as the corruption is concerned. Singapore and Hong Kong are very less corrupt countries. One striking fact is that when a country like Hong Kong can end the corruption then why India cannot do so? The main reason behind most of the world’s corruption is it that officials don’t get enough salaries to meet their daily needs. So they accept bribes. Indonesia is more corrupt country than India. Its government employees can meet only 7-10 days’ daily needs with their salaries. In Mongolia Magistrates don’t get more than one thousand rupees as their monthly salary and half of them don’t have homes to live. Philippines officers are also among the most corrupt people of the world.

NRI’s Politicians and high government officials of Bihar, Uttar Pradesh and Punjab like Indian states earn crores of rupees by corrupt means and deposit that black money in Bangkok or Switzerland. Then that black money is transferred to other banks or countries. NRI’s (Non-Resident Indians) can buy property in India. In most cases these properties are bought in the names of NRI’s but in reality corrupt leaders and bureaucrats spend the money on these properties. Thus black money has started to return to India by this new method and is becoming the white property of corrupt leaders and bureaucrats. Now ordinary people have understood this fact that political leaders and corrupt bureaucrats are looting and grabbing country’s money and property by both hands.

Solution This problem can not be solved till the rise of strong will power in the political circles of the society. The present government should take the help of the Interpol to find out that which leader and bureaucrats has deposited his black money in which country and which bank. And that should be brought back to the country with the help of the governments of those countries. To stop the government officials and police officers from indulging into corruption, government should follow the American pattern. In America nobody’s job is secure and it keeps the fear of losing their jobs. As employees can be thrown out of system in the private sector by giving them three or six month’s prior notice, corrupt government officers should also be thrown out by giving them three or six month notice. This corrupt leaders and bureaucrats have started to take themselves as the rulers of the public instead of understanding themselves public servants. They earn and grab innumerable black money by forming this unholy relationship. If this practice is not put to an end then the economic progress of the country will get stopped.