The recent investigation of International Consortium of Investigative Journalists (ICIJ) has sent shock waves on black money holders across the globe by releasing 1.15 crore pages of documents. It is really shocking to know that Rs. 1,550 lakh crore of money is held by prominent people including top level politicians, industrialists, film actors of various countries, including 500 from our country. It may shake the world and if action is taken in real terms, it will have a serious impact on those involved in the black money generation. One should appreciate these journalists for their daring action with lot many risks while collecting a huge data on black money. Black money holders are evading taxes in their respective countries affecting the progress of these nations. Stringent action is needed in India and abroad on these tax evaders.
Dr S V N Vijayendra, Mysuru