R.T.Sakthidaran

UBS AG already handed over 500 accounts of UBS clients to the United States. Around 2,900 files had already been prepared for handover and 1,550 more accounts were still being processed. All this is going on to get back $20 billion (Rs 1,00,000 Cr) undisclosed money in foreign banks. Now imagine $1456 billion (Rs 72,80,000 Cr) undisclosed money of India in Swiss Banks. Don’t you think that we should be more serious than US authorities. Indian stashed money is 72 times that of US. Come on, let us demand the Prime Minister to form an exclusive ministry to recover stashed money.

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On 25th September 2009, I was invited to a national seminar organized by MBA department. The topic was �organizational strategies � current global economic recession�. Speakers expressed that the global recession had affected India. To overcome the recession, many strategies were suggested: 1.If you produce commodity type goods/service and if you are not strong in [...]

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According to The Korea Herald, Mr Roh, 62, fell from a mountain near his home at 6:40 AM (1540 Hours GMT, on 23rd May 2009) leaving a brief suicide note. He was alleged to have taken bribe of the order of $6 million (Rs 30 Crore) during his 2003-2008 term in office. Allegations concerning his [...]

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President Obama Signed on 20th May 2009 the “Helping Families Save Their Homes Act” and the “Fraud Enforcement and Recovery Act”. I draw the attention of my readers to the following part of the Act: QUOTE: Increasing Consumer Protections Related to Housing Establishes right of a homeowner to know who owns their mortgage Often mortgage [...]

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QUOTE: Tuesday,�May 19th,�2009�at�2:17 pm A Culture Change on Climate Change Today, the President was joined on stage by the Presidents, CEOs, or other top executives from Ford, Toyota, General Motors, Honda, Chrysler, BMW AG, Nissan, Mercedez-Benz, Mazda, Volkswagon, and the United Auto Workers to announce a new consensus. The program covers model year 2012 to [...]

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“……….GDP at current market prices is projected at Rs. 46,93,602 crore in 2007-08 by the Central Statistical Organisation CSO) in its advance estimates (AE) of Gross Domestic Product. Thus, in the current fiscal year, the size of the Indian economy at market exchange rate will cross US$ 1 trillion………” – Economic Survey 2007-2008 (India). The [...]

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“……But tax systems also need to be fairly administered. Governments need to be able to prevent money due to them being siphoned offshore. Every year, billions of dollars are transferred from developing countries to foreign tax havens. If more of that money stayed at home, it could finance bigger development budgets……“ Who said it? Answer: [...]

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Thursday April 30, 2009 11:37pm Reuters News: “UBS AG asked a U.S. court on Thursday to reject demands by U.S. tax authorities for confidential information about its American clients, saying disclosure would violate Switzerland’s bank secrecy laws”. Endless Headaches to Obama Refer my earlier blog on 22 February 2009 with the heading “Fraud Bank UBS [...]

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Today, the situation is different. People have become very intelligent due to early exposure to lot of information from different media. Information and Communication Technology has shrunk the world and anything happening anywhere is available to the willing. For those willing and interested, information is available free and instantly. Today’s cameras are fully electronic, extremely [...]

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India was very rich, fertile,famous for its artisans and top quality goods for thousands of years. It has rich heritage and voluminous literature on maths, science, governance and spiritual matters. It was and still is an envy for the rest of the world. It’s Universities like Nalanda was a place of highest learning for learned [...]

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