Monday, December 26, 2011

Arundhatee an odia poem by Prasanna Kumaree Debee

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Arundhatee an odia poem by Prasanna Kumaree Debee at http://www.ameodia.com/?p=3105

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Saturday, November 26, 2011

पैसे का ग्रुप चेक किया क्या

इंसान जब जन्म लेता है,
तब उसका वजन ढाई किलो होता है,
और मरने के बाद, अग्नि संस्कार के बाद,
उसकी राख का वजन भी ढाई किलो होता है |
जिंदगी का पहला कपडा,
जिसका नाम है झबला, जिसमें जेब नहीं होती ,
जिंदगी का आखरी कपड़ा है कफ़न,
उसमें भी जेब नहीं होती है |

तो बीच के समय में जेब के लिए इतना झंझट क्यों?
इतने चल और कपट क्यों?

खून की बोतल लेने से पहले ब्लड ग्रुप चेक करते हैं,
पैसे लेते समय जरा चेक करो की पैसा कौन से ग्रुप का है ?
न्याय का है ? हाय का है ? या हराम काहै ?

और आज गलत ग्रुप का पैसा घर में आ जाने से ही
घर में अशांति, लड़ाई और झगडा होता है |
हराम और है का पैसा – जिमखाने, दवाखाने,
क्लब और होटल में खत्म हो जायेगा
और आपको भी खत्म कर देगा

बैंक बैलेंस तो बढ़ेगा, पर फॅमिली का बैलेंस कम होगा |
तो समझना की पैसा हमें सूट नहीं हो रहा है |

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Wednesday, November 9, 2011

ameodia completed 2nd glorious year

The online odia magazine ameodia completed it's 2nd year. Thanks to the contributor and readers around the globe.

Feeling proud to be an odia.

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Sunday, October 9, 2011

Why is CBI not coverting PE to FIR for TATA? See Letter to CBI by Rajeev Chandrasekhar

Despite so many instances of irregularities prior to 2007, why is CBI not converting its Preliminary Enquiry (PE) into Regular Case (FIR)??

Please read this letter to CBI by Rajeev Chandrasekhar - Member of Parliament, Rajya Sabha to Mr Vivek Priyadarshi - CBI's chief investigating officer in the 2G scam case.

Wherein Mr Rajeev Chandrasekhar is showing that there has been issuance of licenses to Tata Tele in 2003-04 in violation of DoT guidelines.

This shows that Tata is not as small as is being portrayed by CBI in its chargesheet. Tata has been influencing the policies in the past – so, how he can be made victim by new small players.

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MANARASHANTI TANURA ROGA by Shreebatsa Prasad Nath

Our Village Playground by Jyoti Prakash

Remedies to Farmer's Suicide by Nilamadhab Kar

Monday, September 12, 2011

Indian black money abroad: How to bring it back

Indian black money abroad: How to bring it back
By OP Gupta, IFS (Retd)

WHILE serving as Indian High Commissioner to Jamaica (1998-2001) I was concurrently accredited to two tax ‘havens’: the Cayman Islands and the Turk & Caicoos Islands as Commissioner of India. One day Delhi informed me that an Indian politician (named in the communication) was holding illegal money of about Rs 800 crores in a bank in the Cayman and that we should take it up with the Government of Cayman.

Accordingly I took it up with the Chief Secretary of the Cayman Islands and he informed me that even without any bilateral agreement with India his Government would ask banks registered in the Cayman to furnish information sought by India if three conditions were met: (i) subject person is an Indian citizen and he has opened account under investigation by Indian authorities using his Indian nationality; (ii) principle of dual criminality is satisfied in eyes of legal officers of the Cayman Government i.e. subject person has committed a criminal offence in India to acquire the money under question, and, that it is criminal offence in the Cayman Islands too, (iii) prima facie evidence to be furnished by India to the Cayman Islands linking crime to money under investigation. The Government of India could not give specific details so matter did not proceed.

If a person who is taken as an Indian citizen by Indian public and by Indian media but has dual nationality, say, Italian and opens an account in a tax haven using Italian citizenship documents, Indian authorities can never have any access to such an account of that Indian citizen.If a person is a naturalised citizen of India in a name which is different from his/her original foreign name, Indian authorities can not access his/her account held in his/her foreign name.

In other words if taking advantage of the Right of Information Act Indian NGOs or civil society activists could obtain a letter rogatory from a criminal court in India meeting above three conditions they can directly approach the Law department of a tax haven to give full information. It will be more successful fast track. If India ratifies the UN Convention against Corruption (UNCAC) there are good chances to get back the black money stashed by Indian citizens in foreign banks.

The UPA government is trying to mislead Indian people about its sincerity to bring back black money by negotiating and signing Avoidance of double taxation agreements with many countries as such agreements generally cover matters which are civil in nature and prospective in nature.

The difficulty would arise if one ‘shell’ company incorporated in one tax haven ‘A’ by an Indian citizen opens an account in another tax haven jurisdiction ‘B.’ In such cases Indian authorities would not get any information from tax haven B as the shell company is not a juridical person of India but has juridical personality of A.

Money not declared to Indian tax authorities is popularly known as ‘black money’. It is widely known that a vast amount of black money is kept abroad by Indians in foreign banks especially in tax havens. No one knows the correct amount of black money held abroad by Indians.

Baba Ramdeo ji believes it to be about Rs 400 lakh crore. The Global Financial Integrity a NGO projected it to be US $500 billion i.e. about Rs 25 lakh crores. The task force constituted by the BJP relied upon Rs 25 lakh crore figure. GFI says: “From 1948 through 2008 India lost a total of US $ 213 billion in illicit financial flows through tax evasion, corruption, bribery, kickbacks and criminal activities.”

The GFI estimates that about US $ 1.3 trillion black money flows every year from the developing countries to tax havens.

The Swiss bankers inform that in Swiss banks Indians hold not more than US $ 2.5 billion but the BJP task force estimated it to be about $ 250 billion.

Black money abroad is generated through many means both civil as well as criminal activities. Civil acts are tax evasion, over invoicing and under invoicing of bills etc. Criminal acts are bribery and kickbacks, drug trafficking, gun running, prostitution rackets, robbery etc. In India tax evasion, under/over invoicing are not criminal offences. There is linkage between black money and terrorism. It is known that Al Qaeda uses narcotics money to a large extent to finance its jihadi activities.

It is also reported that a major chunk of Indians’ black money abroad is invested in Indian market through NRI/FII routes and Mauritius route.

A tax haven is a state or a country or territory where certain taxes are levied at a very low rate or not at all. Following characteristics are generally taken as indicative of a tax haven , (i) nil or nominal taxes; (ii) lack of effective exchange of tax information with foreign tax authorities; (iii) lack of transparency in the operation of legislative, legal or administrative provisions; (iv) no requirement for a substantive local presence of foreigners holding account or company in that tax haven. There are about 70 tax havens in the world including about 25 in Europe.

There are many tax havens such as Andorra, Anguilla, Antigua, Aruba, Alland Islands, Austria, Bahamas, Bahrain, Barbados, Belize, Belgium, Bermuda, British Virgin Islands, Campione d’Italia, Cayman Islands, Cook Islands, Costa Rica, Cyprus, Djibouti, Dominica, Dubai, Dublin, Gibraltar, Grenada, Guam, Guernsey, Hong Kong, Hungry, Isle of Man, the Channel Islands of Alderney and Sark, Israel, Japan, Jersey, Labuan off-the coast of Malaysia, Lebanon, Liechtenstein, Luxembourg, Macau, Malta and Madeira, Marianas Marshall Islands, Mauritius, Maldives, Micronesia, Montserrat, Monaco, Nauru, Netherlands Antilles, Nevis, Niue, Panama, Philippines, Puerto Rico, Seychelles, Singapore, St Kitts, St Lucia, St Vincent – Grenadines, Switzerland, South Africa, Sao Tome and the Principe, St Pierre et Miquelon, enclave of Melilla, Tahiti, Tangier, Thailand, Tonga, Turks and Caicos, United States – Delaware, Uruguay, Vanuatu and Western Samoa.

Residency of real account holder or real owners of a company in a tax haven is not necessary. For opening and running a company in a tax haven general requirement is to have at least one director who lives in tax haven and generally a local advocate is shown as a local director against a fixed annual salary. It costs about US $ 1500 to 5000 per annum to open a shell company in a tax haven.

India has signed the United Nations Convention against Corruption (UNCAC) but has not yet ratified it. The UNCAC provides for recovery of assets as the fundamental principle of the Convention vide Articles 51-59 of the Chapter V of the UNCAC. Article 54(1)(a) provides: “each state party shall ……take such measures as may be necessary to permit its competent authorities to give effect to an order of confiscation issued by a court of another state party.” Ratification of UNCAC by India would help Indian authorities to seek confiscation of black money in foreign banks pending trial which would help India retrieve black money without leakages.

(The writer belongs to 1971 batch of Indian Foreign Service. Contact opg5555@gamil.com

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Friday, August 19, 2011

When Muslims in Iran can adopt Zoroastrian's language Persian, why not India's Muslims learn Sanskrit?

When Muslims in Iran can adopt Zoroastrian's language Persian, why not India's Muslims learn Sanskrit?

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Tuesday, August 16, 2011

EC unable to answer why EVMs have a Japan micro controller when Japanese do not use EVMs !

New ground to go back to ballot paper. EC unable to answer why EVMs have a Japan micro controller when Japanese do not use EVMs !

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Sunday, August 14, 2011

A shared Y-chromosomal heritage between Muslims and Hindus in India.

Abstract

Arab forces conquered the Indus Delta region in 711 AD: and, although a Muslim state was established there, their influence was barely felt in the rest of South Asia at that time. By the end of the tenth century, Central Asian Muslims moved into India from the northwest and expanded throughout the subcontinent. Muslim communities are now the largest minority religion in India, comprising more than 138 million people in a predominantly Hindu population of over one billion. It is unclear whether the Muslim expansion in India was a purely cultural phenomenon or had a genetic impact on the local population. To address this question from a male perspective, we typed eight microsatellite loci and 16 binary markers from the Y chromosome in 246 Muslims from Andhra Pradesh, and compared them to published data on 4,204 males from East Asia, Central Asia, other parts of India, Sri Lanka, Pakistan, Iran, the Middle East, Turkey, Egypt and Morocco. We find that the Muslim populations in general are genetically closer to their non-Muslim geographical neighbors than to other Muslims in India, and that there is a highly significant correlation between genetics and geography (but not religion). Our findings indicate that, despite the documented practice of marriage between Muslim men and Hindu women, Islamization in India did not involve large-scale replacement of Hindu Y chromosomes. The Muslim expansion in India was predominantly a cultural change and was not accompanied by significant gene flow, as seen in other places, such as China and Central Asia.

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