{"id":86334,"date":"2019-11-03T17:27:48","date_gmt":"2019-11-03T11:57:48","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11369"},"modified":"2019-11-03T17:27:48","modified_gmt":"2019-11-03T11:57:48","slug":"elephant-bonds-can-bring-back-500-billion-stashed-overseas","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/elephant-bonds-can-bring-back-500-billion-stashed-overseas\/","title":{"rendered":"Elephant bonds can bring back $500 billion stashed overseas"},"content":{"rendered":"\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.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>About Elephant Bonds:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The elephant bonds are a way for people to bring their offshore undisclosed wealth into India without fear of prosecution.<\/li><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><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.&nbsp;<\/li><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><li>The fund gathered by the issuance of these bonds will be utilized to finance infrastructure projects only.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Bonds:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><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.&nbsp;<\/li><li>Bonds are used by companies, municipalities, states and sovereign governments to raise money to finance a variety of projects and activities.&nbsp;<\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 offshore undisclosed wealth into India without fear of prosecution.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/elephant-bonds-can-bring-back-500-billion-stashed-overseas\/\">Continue reading <span class=\"screen-reader-text\">Elephant bonds can bring back $500 billion stashed overseas<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3611],"class_list":["post-86334","post","type-post","status-publish","format-standard","hentry","category-economy","tag-elephant-bonds","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704907384},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86334","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=86334"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86334\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}