Indians have Rs 500 lakh crore black money: Ramdev
Claiming that black money to the tune of Rs 500 lakh crore was stashed by Indians in foreign banks, yoga guru Baba Ramdev today advocated for bringing those money back.
Shillong: Claiming that black money to
the tune of Rs 500 lakh crore was stashed by Indians in
foreign banks, yoga guru Baba Ramdev today advocated for
bringing those money back.
Continuing his tirade against corruption, he said if
brought back, the huge amount of black money could change the
economy of the country.
"The finance minister in his budget speech today was
categorical in admitting that black money and corruption were
the two major concerns for the country. But the steps he
pledged to take are not sufficient," he told a gathering here.
He said looters in high posts should be prosecuted and
the money looted by them should be taken back.
"Unless exemplary punishment is given to these
looters, such corrupt practices will continue," he said.
Questioning the rationale behind existence of branches
of four Swiss banks and eight Italian banks in the country, he
asked, "Who are the people who keep money in these banks? Of
course, it is not the common man."
Alleging that the lawmakers themselves do not follow
the law of the land, he said, "80 per cent of the budget is
non-plan expenditure, while 20 per cent is for planned
expenditure which is for developmental projects. Of this 20
per cent, 80 per cent is goes into corruption and the
remaining little is spent for development."
On bills like the Right to Education (RTE), he said
"When the country has a shortage of 20 lakh teachers, what can
the RTE do in improving the education scenario?"
Ramdev, who arrived here today, will address a series
of gatherings in Jaintia Hills district.