MONEY !!!

[app_engine]

Probably villainized by Thamizh Cinema, this is a useful tool yet not a cure-all for everything.

The main goal for a lot of people in life even though they cannot carry this at the completion of the project (end of life)

Let's discuss on everything related to money here and try to keep this interesting. It would be nice if experts give answers to specific questions of hubbers!

[app_engine]

Let me start with a doubttu -

From childhood, I've been fascinated with this concept of 'swiss banks'. (I still remember the muthu comics story '10 dollar nOttu' where the swiss account number of a character is the number on a 10 dollar bill).

While it may be easy to deposit legal money in these (How ? Exchange your hard-earned money into US$ / acceptable currency and do a transfer or carry and deposit etc), how do people deposit into these banks their "black money"? My doubt is because "black money" may be in Indian Rupees and how will one get huge amounts of foreign currency without some involvement of banks / authorized agencies that will have to account and pay tax / report?

[dev]

app_engine, hawala irukke!!!...

[app_engine]

What exactly is this 'hawala'?

[app_engine]

I did a google search and there is some info on this wikipedia article,

http://en.wikipedia.org/wiki/Hawala

but still not sure how an average politician / govt. official in India can use this net work?

[sarna_blr]

I did a google search and there is some info on this wikipedia article,

http://en.wikipedia.org/wiki/Hawala

but still not sure how an average politician / govt. official in India can use this net work?

question'layE answer irukku :P

app_engine, black-money'yo white-money'yo, panam irundhaa podhum , indhiya thirunaattula enna venumnaalum pannalaam(with some exceptions)

[dev]

app_engine, even common man can do hawala on small scale... I have seen it being done by some NRIs...

[app_engine]

app_engine, black-money'yo white-money'yo, panam irundhaa podhum , indhiya thirunaattula enna venumnaalum pannalaam(with some exceptions)

பணம் இருந்தா என்ன பண்ணலாம் என்பதல்ல கேள்வி, பணத்தை என்ன பண்ணுவாங்க என்பது தான்

I understand the concept of "hawala" (crudely explained by Shankar in the movie Shivaji - the hero transferring the looted black money to international banks to make it white). While it looks so 'simble' on movie screen, transferring large amounts to swiss bank in regular life may not be that easy, IMO.

[app_engine]

Though the accuracy of the numbers is anybody's guess, a very interesting article...

http://news.in.msn.com/national/indi...mentid=2843719

[Roshan]

Nice topic

Thanks a_e