Only those of you who can ‘Honestly’ answer ‘NO’ to ALL the above, and also, say that your answer would still have been ‘NO’ even if you too had had the opportunity, can claim the right to find fault. If your answer to any of the above or to other such questions that could be asked of you is ‘YES!’, then you too, ‘dear friend’, are culpable because there is no such thing as being “little pregnant” or “little corrupt”.

But don’t berate yourself yet, as the ‘Nuremberg war crimes trial’ made clear, you were and are, not expected to follow unethical or unjust or immoral orders / laws blindly – and the changes in our Laws and Rules governing such transactions as above have clearly made evident that many of them were so in the past, and unfortunately to an extent some are so even today and need to be corrected at the earliest. (See “Equity in TAXATION & Comments on I.T & G.S.T”).

So instead of wasting effort in trying to ‘throw stones’ at each other out of a meaningless ‘holier than thou’ attitude, we need to see what can be done to turn this situation of such vast sums of our Countrymen’s money lying unproductively abroad, to benefit our Country and thus all of us even if it means overlooking the advantages to the account holders themselves in the process.

Bother not about what they gain; they must have already also, paid, to some extent, in transaction costs and lost opportunity costs. We should bother now only about what we as a Country can gain from allowing proper return of, and utilization of these vast amounts in, our Country.

We are also, continuously harping on about our demographic dividend, which has already made itself evident in the Southern States, and is now beginning to be evident in a bigger way in the Northern States (BIMARU States), of our Country. But if this dividend is to be taken advantage of we need to ensure a massive level of investment in infrastructure, to create the jobs, and in health and education, to allow the jobs to be taken up by fit and adequately trained persons and do all this at the earliest. Good wages are the source of growth of the middle class and a decent minimum wage set by the Government along with increased public infrastructure investment and greater incentives to startups and rules and laws that encourage such startups are all essential. This will result in greater consumption and a self sustaining economy. It should be noted that when the ‘Gallup’ organization surveyed the world’s poor (living on less than $ 2/- per day), their first demand worldwide was not for ‘hand – outs’ but for a ‘Good Job’. They were clear that given the opportunity to work at a ‘Good Job’ they could take care of the other things themselves with dignity. (See – Job Creation, Labour and other Regulations, Health Care for All and Education in the 21st. Century).

Failure to do this will only lead to unimaginable discontent and discord resulting in lakhs of uneducated, unemployed and dissatisfied youth resorting to violence and lawlessness, further threatening the very fabric of the Nation. Lack of proper opportunity for even the educated and skilled will also, result in an even greater flight of wealth and ‘brain power’ and skills, in an ever downward spiral soon extinguishing the hope of India ‘Shining’ or ‘Rising’ or ‘Emerging’.

How can this be done? The best solution could be as outlined below, encouraging the money holder to want to bring in his / her funds voluntarily into the Country. If any better solution exists, you dear friend, are welcome to enlighten the rest of us.

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