Path to Riches~I

A recent Oxfam report, published in January 2023, found that the richest one per cent in India own more than 40 per cent of the country's total wealth, while the bottom half together share just 3 per cent. Also, during FY 2020-21, approximately 64 per cent of the total Rs. 14.83 lakh crore in Goods and Services Tax (GST) came from the bottom 50 per cent of the population, with only 3 per cent coming from the top 10 per cent

Path to Riches~II

There are several countries which sell their citizenship. So as the real India's socio-economic situation worsens, keep an escape route open. Bear in mind that 2.25 lakh High Net worth Indians gave up their Indian nationality in 2022 alone. Obviously they were not idiots, they knew pretty well how the nation was being hollowed out and why it was worth their while to find a safe haven, from where they could continue with their predatory behaviour in India, while enjoying the privileges of an honoured citizen abroad

Cash, no Cash

Many methods have been tried for elimination of black money; we had several rounds of demonetisation, several voluntary disclosure schemes, some schemes to regularise undisclosed foreign assets, and so on. The only commonality between all such measures was their failure to prevent generation of black money. Strategically declaring their black money, tax evaders took full advantage of the frequently announced Government schemes. However, not many of the tax evaders discontinued their tax evading ways, so, after a few years, things came back to square one