Poor nation, rich people

 

 

Prasoon Majumdar has correctly pointed out the truth behind the Swiss accounts. In India, there are two ways of earning and saving money. The first, also the honest way of paying tax, is the white way where each paisa is thoroughly scanned, with no room for hiding anything. The second is where huge amounts of unaccounted money changes hands or vanishes into secret accounts, the way of the super rich and gangsters. Harshad Mehta, Telgi, Raju, Dawood are some examples of how to earn money by fooling the system which keeps a so-called hawk-eye on anyone evading rules. There is a solid banking system in place in India, while the hawala racket also flourishes.

Santosh Mohan Joshi

Maharashtra