21 - Jun - 2021

Common citizens suffer but billionaires continue to deposit huge black money in Swiss banks.

Media reports say that 23 crore Indians have lost their livelihoods due to COVID-19 and have been pushed below the poverty line. This is the fate of the common citizens in India. At the same time, the Indian billionaires continue to deposit huge amounts of black money in the Swiss banks. The Business Standard, one of the leading newspapers of India, has reported on 18.06.2021 that, in 2020 alone, over Rs.20,700 crore has been deposited by Indians in the Swizz banks. It is important to note that, only Rs.6,625 crores was deposited by Indians in Swiss banks in 2019. It is needles to state that, this jump is the result of the pro-corporate and anti-worker policies being adopted by the government. Further, It is also very important to note that, before coming to power, Prime Minister, Narendra Modi promised that, he would bring back  the entire black money stashed in foreign banks. However, nothing has been done by the government to fulfill this poll promise.