The document discusses the scale of corruption and scams in India, estimating the total scam money in India to be 73 trillion rupees, which is 27% more than India's GDP. It provides details on some major scams over the years totaling to this large amount. It then discusses what improvements could have been made for healthcare, education, housing, infrastructure, and other sectors if this money was used properly for public welfare instead of being lost to corruption.
The document discusses the scale of corruption and scams in India, estimating the total scam money in India to be 73 trillion rupees, which is 27% more than India's GDP. It provides details on some major scams over the years totaling to this large amount. It then discusses what improvements could have been made for healthcare, education, housing, infrastructure, and other sectors if this money was used properly for public welfare instead of being lost to corruption.
The document discusses the scale of corruption and scams in India, estimating the total scam money in India to be 73 trillion rupees, which is 27% more than India's GDP. It provides details on some major scams over the years totaling to this large amount. It then discusses what improvements could have been made for healthcare, education, housing, infrastructure, and other sectors if this money was used properly for public welfare instead of being lost to corruption.
Total scam money in India = 73000000000000 This might look awkward but it is true that, the total Scam money of our country is 27% more than the GDP of our country.
What is Black Money ?? Any money that a person or organization acquires illegally, as by a means that involves tax evasion is called as Black Money. As this money is not reported to the government, it is virtualy hidden and no tax is charged on this money so consequently it effects the economy of the country. Acoording to the data revealed by Swiss Bank our country tops the charts of Black money with an amount of $ 1456 billion. The amount being so huge, its effect are adverse to the economy of our country.
Total Scam Money in India
Today, Who cares about hundred crores rupees scam anymore !! As India has seen thousands of crores rupees scams every now and then, now the total scam money exceeds about 73 lakh crore rupees. The amount itself explains the situation of corruption in India. Most of this scam money comes from politics and politicians of the country. The money which was actually meant to be utilised in public interest is now an integral part of bank accounts of politicians. If this whopping amount would have been executed in proper way, the scenerio of our country would have been completely different.
Scams in India Scam Year Scam Money Telgi stamp paper scam 2003 Rs 172 cr IPO-Demat scam 2005 Rs 146 cr Bihar flood relief scam Rs 17 cr Scorpene submarine scam
Rs 18,978 cr Punjab's City Centre project scam 2006 Rs 1,500 cr Taj Corridor scam Rs 175 cr Pune billionaire Hassan Ali Khan tax default 2008 Rs 50,000 cr The Satyam scam
Rs 10,000 cr Army ration pilferage scam
Rs 5,000 cr The 2-G spectrum swindle
Rs 60,000 cr State Bank of Saurashtra scam Rs 95 cr Illegal money in Swiss banks, as estimated in 2008 Rs 71,00,000 cr The Jharkhand medical equipment 2009 Rs 130 cr scam Rice export scam 2009 Rs 2,500 cr Orissa mine scam 2009 Rs 7,000 cr Madhu Koda mining scam 2009 Rs 4,000 cr Total Scam Money 73 lakh crore Scam Year Scam Money Harshad Mehta securities scam 1992 Rs 5,000 cr Sugar import scam 1994 Rs 650 cr Preferential allotment scam 1995 Rs 5,000 cr Yugoslav Dinar scam
What could have been done with this money ?? Health Care 2.4 crore primary healthcare centres. Thats at least 3 for every village, at a cost of Rs 30 lakh each. Education 24.1 lakh Kendriya Vidyalayas at a cost of Rs 3.02 crore each, with two sections from Class VI to XII. Housing 14.6 crore low-cost houses assuming a cost of Rs 5 lakh a unit. Infrastructure 2,703 coal-based power plants of 600 MW each. Each costs Rs 2,700 crore. Supply 12 lakh CFL bulbs. Thats enough light for each of Indias 6 lakh villages Clean Up 50 major rivers for the next 121 years, at Rs 1,200 crore a river every year. Transport 14.6 lakh km of two-lane highways. Thats a road around Indias perimeter 97 times over. Public Welfare Schemes 90 NREGA-style schemes, each worth roughly Rs 81,111 crore. 121 more loan waiver schemes. All of them worth Rs 60,000 crore. Hand Out 60.8 crore Tata Nanos to 60.8 crore people. Or four times as many laptops. Rs 56,000 to every Indian. Even better, give Rs 1.82 lakh to 40 crore Indians living BPL. Defence Can provide all our soldiers technologies like night vision, bullet proof jacket and other safety equipments.