‘Black money’ should be used to build our water infrastructure

‘Black money’ is earned through a lot of hard work. It is different from other kinds of money only because tax has not been paid on it. Such tax evasion is a consequence of unfriendly government policies. Is it a crime to save money? Indians want to save money while Americans do not, which has led to their bankruptcy. Instead of chasing this money, termed ‘black, wouldn’t it be better for the government to offer an investment plan that will encourage a voluntary return of this unaccounted ‘national’ wealth? The government should float water bonds, which can be utilised for water conservation, purification and restoration. The supply of pure water will solve the problems of agriculture, inflation and employment.

MANMOHAN GUPTA, Mumbai