Rs. 35: 1st payment cash: ministers take from builders/financers, to approve projects. Rs. 20: 2nd payment cheque: cost of land Rs. 05: 3rd payment cash: bribes to govt employees, to get all kinds of papers done Rs. 15: 4th payment cheque: cost of construction. iron/cement/wood/etc Rs. 20: 5th payment cash: builders profit and interest on investment Rs. 05: 6th payment cheque: costs to legalize the property in your name
total cash moved: Rs. 60 total cheque moved: Rs. 40
ANNUALLY, approx money moving out from india to foreign nations: (mostly christian, white, europe/usa banks/economies):
considering India`s realty deals at 350,000 crores per year: At 35% bribes, our valued ministers move 140,000 CRORES per year, mostly to usa/europe.
IF THIS MONEY SOMEHOW STAYS IN INDIA, imagine:
1. what it will do to india`s economy
2. may substantially damage usa`s and europe`s economies
maybe some specific deals are different from above. but by and large they`re accurate.
Re: WHERE YOUR MONEY GOES ? cash (about Rs. 60) & cheque (Rs.
by Saraswat Basu on Jan 11, 2009 10:19 AM
Learn something about Indian Economy. Don't write anything garbage. This makes people laugh.
