"Fourth of Currency may be fake "says DNA news paper of India.It further adds "the fake currency racket helps agencies inimical to India's interests to finance terrorism practically for free.The main cost is the printing of notes.The cost can be easily recovered when fake notes are exchanged for genuine currency @ 30 to 40 % discount on the face value.The cash is then used to finance terror.
The ISI of Pakistan is cleverly fighting a proxy war in India with Indian Moneybleeding our financial systemwhile spilling blood on the streets"
Intelligence and security officials believe that large amount of fake currency has tainted the property market, which has seen dramatic price risetill last year.
Usually anywhere from 30 to 60%of the amount paid for real estate deal in the countryis in the form of black money. A significant portion of this could be fake money.
Now te question is why people have the tendency to deal in black money? The answer is simple. The finance minister virtually fleeses all the income of middle class population by way of direct and indirect taxation.The middle class man finds it difficult to meet the exigencies of life with what is left over.
None of the business people pay tax from their own pocket everything is charged to the product with 12-1/2 % finance ministers share. Even talk on telephone is not spared. If Indias eonomy is destroyed the finance minister will be the one to take all the blame. All politicians are rich businessmen .They have their vested interests.They also make their own black money. They consider them selves above the law. If this is not true how a convicted murderer is asked to vote in support of the government in exchange for the post of chief minister of one of the richest states of india?
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