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PostPosted: Mon Apr 25, 2011 7:56 am 
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India`s total external debt as of 2009 is Rs. 12 lakh crore.
http://www.economywatch.com/indianecono ... ation.html

India`s loans during 2009-10 is Rs. 4 lakh crore.

India`s total receipts during 2009-10 is Rs 6 lakh crore.

India`s planned expenditure during 2009-10 is Rs 3 lakh crore.

India`s unplanned expenditure during 2009-10 is 7 lakh crore.


Total budget during 2009-10 is 10 lakh crore.

Why is India`s unplanned expenditure so high?

Our former prime minister, Rajiv Gandhi said that 85% of budget goes in corruption, that is 8.5 lakhs crore went away in corruption.

http://indiabudget.nic.in/ub2010-11/bag/bag1.htm

One trillion dollars equals to 50 trillion rupees equals to 50 lakh crore rupees.
which is said to be the amount lying in Swiss banks.
If you consider that total budget in one year is 10 lakh crore and in more than 60
years will be 400 to 500 crores.
Then , the reported Swiss bank money is only 10% which is quite possible. I think the black money in Swiss banks should be more considering Rajiv Gandhi`s statement.

Even if we are able to reduce this non planned expenditure and stop taking loans, it will do us a lot of good.


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PostPosted: Mon Apr 25, 2011 7:58 am 
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Joined: Sun Sep 12, 2010 2:49 pm
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On 22 April 2011 21:38, Utsav Anand <utsavanand@gmail.com> wrote:

http://en.wikipedia.org/wiki/List_of_co ... ernal_debt



External debt reflects the amount that a country has to pay to other countries in the form of foreign exchange currency.

We find the so called developed world(US, Western Europe, Australia and Japan) are under tremendous debt. This clearly shows that they are in reality the poorest. More glaring is the per capita debt where we find that each person in for example UK has on him an external debt of more than US $140,1000!

All this debt is due to the money they borrowed from international banks. Major share of the money loaned is infact the BLACK MONEY stolen from the so called 3rd world nations (I call them impoverished Ist World :) ) and deposited in the foreign banks.

Once this money is brought back by these countries (major share is of our country), chances are that the entire economy of the Western world may collapse.


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