Money comes in all hues and color and in different forms . If you look at the preferred color , it is undoubtedly BLACK and that too in safe havens . The Swiss banks make a killing out of this global phenomenon and charge a hefty interest for keeping the ill gotten tax free booty and for their confidentiality . If the number of Indians using this facility has gone up significantly in recent times , it is a sign of Indian prosperity – of our parallel economy . It is also a strong indictment of our governance and monetary vigil or lack of it .
Black money funds political parties , terrorism , drug traffic and trans border illegal business ventures . No government has been able so far to prevent this malady even without the existence of Swiss Banks . Unless there is total transparency in government and corporate functioning , no cosmetic measures will work in eradicating this cancer in the economic fabric of nation states globally .
Can the Indian Government show moral courage to expose all those whose data is now available with them ?