Black money
Black money is one of the serious scourges facing India, which is acting as a stumbling block to unsure inclusive growth and development of the country. It is the root cause of growing inequality and deprivation. Any body who takes up the issue genuinely should be supported by all. It is interesting to note that Baba Ramdev's protest against black money found supporters across political parties, with many of them including Nitin Gadkari, Sharad Yadav, Mayawati, Nitish Kumar and Mulayam Singh Yadav backing the movement. Estimates about black money are largely conjectural. The estimate of black (unaccounted) money held by Indians, both in India and abroad is estimated to be around $1000 to $ 3000 billion. The estimated black money stashed abroad by Indians and Indian entities varies between $500 and $1,500 billion. This huge amount has been appropriated from the people of India by exploiting and betraying them. If this huge amount of black money and property comes back to India, the entire foreign debt can be liquidated. And after paying the entire foreign debt, India will have huge resources to invest in development programmes and welfare measures. Dependence on FDI can be substantially reduced. If corruption is controlled, generation of black money can be controlled to a large extent. Of course, for significant dent on corruption and black money there should be change in the mind set of politicians, bureaucrats and the public. Dr.C. Murukadas,The Economic  Times (Chennai), 13Aug,2012