The Total Budget allocated for Expenditure in the 2008-2009 Indian Budget was Rs 7,50,884 Crores.
The black money stashed in Swiss Accounts by tax evading Indians amount to approximately 10 times of the Expenditure of the country in one year.
Which in effect means, we have ready cash available to fund Indian Governments expenditure for the next 10 years at current levels without collecting Re.1 as tax in any form.
Considering that the outlay for Education in the Budget is a measly 3% (even that is not spent), recovering the money from the Swiss Accounts will increase the level of Educational infrastructure in the country 330 times.
Imagine the difference it will make to our life!
But who will bell the cat? Who will lift even a small finger to get Re 1 out of this amount from Swiss Banks.
No one.
Therein lies the tragedy
