Sir, No attempt is being made in the Budget to bring back black money of Indians held in Swiss banks whichis around $ 1456 billion ( about Rs.7,00,000 crore ).Instead of hiking the excise duty on petroleum products,the FM could have taken steps to bring back black money to mobilise more resources. He could have announced an amnesty scheme and shared the inflow of black money between the Govt and the black moneyholders on a 50 : 50 basis.The Govt. lacks political will and doesn't worry about the mounting fiscal deficit.
S. RAGHUNATHA PRABHU
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