$ 500 billion of money illegal has been deposited in banks abroad---M Venkaiah Naidu

Nellore: BJP national leader M Venkaiah Naidu demanded the UPA government to clarify its position to return to India, billions of black money stashed in foreign banks.
Addressing participants of one-day policy seminar for executives mandal in the district, where he inaugurated on Thursday, he said CBI Director, AP Singh revealed that $ 500 billion of money illegal has been deposited in banks abroad, but the union government has yet to make its position clear on what to do about it.

He wondered why the UPA Chairperson, Sonia Gandhi and PM Manmohan Singh, have been reluctant to make a decision in this regard. "Are they concerned about the collapse of the government, if the names of persons who stashed money in foreign banks, were made public," he questioned.
The BJP leader said that, despite having prominent economists as Ahuwalia Montek Singh, Chidambaram, Manmohan Singh, the UPA government had left the Indian economy and declining growth rates in all sectors declined. He said that inflation is rising in the country and the commercial sector has been facing much of the.
The agriculture sector has taken place too, with the lack of adequate support and encouragement of government, with 42 percent of farmers have abandoned farming. That would only cause a food crisis soon, said Naidu.
Criticizing dynastic politics of the Congress party and the UPA government, he said that the names of Nehru, Gandhi were used for growth rather than self to ensure that the programs taken in their names have been implemented in mind and action.
"Although NES was a coalition of 26 parties, the rule is stable and there was no law and order or any other problem in the country. But the UPA, particularly the UPA-II, which has only four active partners is to allow anarchy to reign in the country. The last terrorist attack on Israeli diplomat and a few Indian citizens near the residence of the Prime Minister in New Delhi is a clear indication that failure to clear the security apparatus, "he said and added that the conditions in the state are too similar.
Venkaiah said citizens across the country were looking at BJP as the only alternative to the UPA, it was high time for executives to improve human relations and contacts with the masses at the grassroots level. BJP leaders, the G Bhanuprakash Reddy, Rama Rao, K Anjaneya Reddy and others were present.