{"id":74213,"date":"2020-12-24T15:48:06","date_gmt":"2020-12-24T10:18:06","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=74213"},"modified":"2020-12-24T15:48:25","modified_gmt":"2020-12-24T10:18:25","slug":"elephant-bonds","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/elephant-bonds\/","title":{"rendered":"Elephant Bonds"},"content":{"rendered":"<h3 class=\"entry-title\">Elephant bonds can bring back $500 billion stashed overseas<\/h3>\n<p><strong>News:<\/strong>A High Level Advisory Group on Trade Policy(HLAG) headed by Surjit Bhalla has suggested that the Centre could bring up to $500 billion of black money if it issues elephant bond.<\/p>\n<p><strong>Facts:<\/strong><\/p>\n<p><strong>About Elephant Bonds:<\/strong><\/p>\n<ul>\n<li>The elephant bonds are a way for people to bring their offshore undisclosed wealth into India without fear of prosecution.<\/li>\n<li>Under this mechanism,the people disclosing their black money will receive immunity from all laws including under foreign exchange, black money laws and taxation laws.<\/li>\n<li>Once they declare their offshore money,they will be asked to invest 40 % of that amount in these elephant bonds.A fixed coupon security will be issued.<\/li>\n<li>Further,45% of the wealth brought in by subscribing to these elephant bonds will be credited with the depositor but the remaining 15 % will be collected as tax deducted at source by the government.<\/li>\n<li>The fund gathered by the issuance of these bonds will be utilized to finance infrastructure projects only.<\/li>\n<\/ul>\n<p><strong>Additional information:<\/strong><\/p>\n<p><strong>About Bonds:<\/strong><\/p>\n<ul>\n<li>A bond is a debt instrument in which an investor loans money to an entity (typically corporate or government) which borrows the funds for a defined period of time at a variable or fixed interest rate.<\/li>\n<li>Bonds are used by companies, municipalities, states and sovereign governments to raise money to finance a variety of projects and activities.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Elephant bonds can bring back $500 billion stashed overseas News:A High Level Advisory Group on Trade Policy(HLAG) headed by Surjit Bhalla has suggested that the Centre could bring up to $500 billion of black money if it issues elephant bond. Facts: About Elephant Bonds: The elephant bonds are a way for people to bring their&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/elephant-bonds\/\">Continue reading <span class=\"screen-reader-text\">Elephant Bonds<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1351,1310],"tags":[],"class_list":["post-74213","post","type-post","status-publish","format-standard","hentry","category-daily-news","category-daily-news-updates","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1701604070},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/74213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=74213"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/74213\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=74213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=74213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=74213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}