Here are five points which give a comparison of the quantum of amount declared by the Sayed family:
Their declaration of Rs 2 lakh crore is thrice the amount of total Rs 67,382 crore black money disclosed under Income Declaration Scheme. That amount declared by the ministry does not take into consideration the Rs 13,860 crore declaration made by Ahmedabad-based Mahesh Kumar Champaklal Shah.
The money the Sayed family has disclosed is 53 times of the total Rs 3,770 crore disclosed under last year’s foreign asset disclosure scheme.
The quantum of the amount accounts up to nearly 14 per cent of the total value of banned 500 and 1000 rupee notes, which is around Rs 14 lakh crore, under the demonetisation drive.
The declared sum is nearly 2 per cent of the market capitalisation of all the companies listed on the BSE. And it is 45 per cent of the market value of India’s most valuable company, Tata Consultancy Services.
In comparison, the average amount declared by around 65,000 declarants under Income Disclosure Scheme is just Rs 1 crore.
(Sourced from agencies, feature image courtesy:oneindia.com)
