Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-trace').style.display = (document.getElementById('cakeErr681ed66103117-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr681ed66103117-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-code').style.display = (document.getElementById('cakeErr681ed66103117-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-context').style.display = (document.getElementById('cakeErr681ed66103117-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr681ed66103117-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr681ed66103117-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 9665, 'title' => 'Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'subheading' => '', 'description' => '<br /> <div align="justify"> The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /> <br /> An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /> <br /> According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /> <br /> &quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /> <br /> While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /> </div>', 'credit_writer' => 'The Economic Times, 25 August, 2011, http://economictimes.indiatimes.com/markets/real-estate/news-/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted/ar', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 9774, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 9665, 'metaTitle' => 'LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'metaKeywords' => 'black money', 'metaDesc' => ' The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the...', 'disp' => '<br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />&quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 9665, 'title' => 'Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'subheading' => '', 'description' => '<br /> <div align="justify"> The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /> <br /> An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /> <br /> According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /> <br /> &quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /> <br /> While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /> </div>', 'credit_writer' => 'The Economic Times, 25 August, 2011, http://economictimes.indiatimes.com/markets/real-estate/news-/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted/ar', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 9774, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 9665 $metaTitle = 'LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma' $metaKeywords = 'black money' $metaDesc = ' The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the...' $disp = '<br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />&quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma | Im4change.org</title> <meta name="description" content=" The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. "For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through," says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />"An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money," says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. "It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate," adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]Code Context$response->getStatusCode(),
($reasonPhrase ? ' ' . $reasonPhrase : '')
));
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-trace').style.display = (document.getElementById('cakeErr681ed66103117-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr681ed66103117-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-code').style.display = (document.getElementById('cakeErr681ed66103117-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-context').style.display = (document.getElementById('cakeErr681ed66103117-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr681ed66103117-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr681ed66103117-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 9665, 'title' => 'Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'subheading' => '', 'description' => '<br /> <div align="justify"> The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /> <br /> An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /> <br /> According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /> <br /> &quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /> <br /> While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /> </div>', 'credit_writer' => 'The Economic Times, 25 August, 2011, http://economictimes.indiatimes.com/markets/real-estate/news-/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted/ar', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 9774, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 9665, 'metaTitle' => 'LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'metaKeywords' => 'black money', 'metaDesc' => ' The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the...', 'disp' => '<br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />&quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 9665, 'title' => 'Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'subheading' => '', 'description' => '<br /> <div align="justify"> The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /> <br /> An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /> <br /> According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /> <br /> &quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /> <br /> While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /> </div>', 'credit_writer' => 'The Economic Times, 25 August, 2011, http://economictimes.indiatimes.com/markets/real-estate/news-/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted/ar', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 9774, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 9665 $metaTitle = 'LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma' $metaKeywords = 'black money' $metaDesc = ' The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the...' $disp = '<br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />&quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma | Im4change.org</title> <meta name="description" content=" The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. "For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through," says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />"An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money," says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. "It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate," adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]Code Context$value
), $first);
$first = false;
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-trace').style.display = (document.getElementById('cakeErr681ed66103117-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr681ed66103117-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-code').style.display = (document.getElementById('cakeErr681ed66103117-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr681ed66103117-context').style.display = (document.getElementById('cakeErr681ed66103117-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr681ed66103117-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr681ed66103117-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 9665, 'title' => 'Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'subheading' => '', 'description' => '<br /> <div align="justify"> The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /> <br /> An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /> <br /> According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /> <br /> &quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /> <br /> While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /> </div>', 'credit_writer' => 'The Economic Times, 25 August, 2011, http://economictimes.indiatimes.com/markets/real-estate/news-/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted/ar', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 9774, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 9665, 'metaTitle' => 'LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'metaKeywords' => 'black money', 'metaDesc' => ' The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the...', 'disp' => '<br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />&quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 9665, 'title' => 'Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'subheading' => '', 'description' => '<br /> <div align="justify"> The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /> <br /> An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /> <br /> According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /> <br /> &quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /> <br /> While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /> </div>', 'credit_writer' => 'The Economic Times, 25 August, 2011, http://economictimes.indiatimes.com/markets/real-estate/news-/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted/ar', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 9774, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 9665 $metaTitle = 'LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma' $metaKeywords = 'black money' $metaDesc = ' The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the...' $disp = '<br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. &quot;For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through,&quot; says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />&quot;An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money,&quot; says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. &quot;It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate,&quot; adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma | Im4change.org</title> <meta name="description" content=" The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. "For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through," says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />"An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money," says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. "It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate," adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
<head>
<link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 9665, 'title' => 'Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'subheading' => '', 'description' => '<br /> <div align="justify"> The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /> <br /> An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /> <br /> According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. "For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through," says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /> <br /> "An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money," says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. "It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate," adds Sanwalka .<br /> <br /> While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /> </div>', 'credit_writer' => 'The Economic Times, 25 August, 2011, http://economictimes.indiatimes.com/markets/real-estate/news-/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted/ar', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 9774, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 9665, 'metaTitle' => 'LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'metaKeywords' => 'black money', 'metaDesc' => ' The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the...', 'disp' => '<br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. "For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through," says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />"An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money," says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. "It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate," adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 9665, 'title' => 'Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma', 'subheading' => '', 'description' => '<br /> <div align="justify"> The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /> <br /> An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /> <br /> According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. "For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through," says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /> <br /> "An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money," says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. "It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate," adds Sanwalka .<br /> <br /> While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /> </div>', 'credit_writer' => 'The Economic Times, 25 August, 2011, http://economictimes.indiatimes.com/markets/real-estate/news-/anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted/ar', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'anti-corruption-campaigns-flow-of-unaccounted-money-from-politicians-businessmen-may-get-disrupted-by-ravi-teja-sharma-9774', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 9774, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 9665 $metaTitle = 'LATEST NEWS UPDATES | Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma' $metaKeywords = 'black money' $metaDesc = ' The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the...' $disp = '<br /><div align="justify">The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.<br /><br />An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %.<br /><br />According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. "For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through," says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side.<br /><br />"An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money," says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. "It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate," adds Sanwalka .<br /><br />While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. <br /></div>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
![]() |
Anti-corruption campaigns: Flow of unaccounted money from politicians, businessmen may get disrupted by Ravi Teja Sharma |
The anti-corruption campaigns that has brought politicians and businessmen under the scanner-especially their links with the builder community being exposed in recent scams-has got the real estate sector worried. A number of industry insiders and sleuths have confirmed that the flow of unaccounted money (or black money) in the system, a big source of funding for the sector facing funds crunch, will get disrupted.
An unhealthy nexus between builders and politicians as well as businessmen is the source of a considerable amount of black money in the system, say industry watchers. These politicians and businessmen are believed to use real estate to park black money. Even individuals looking at buying homes are willing or unwillingly forced to transact in black a number of times as there is a vast difference between government specified rate in an area compared to the real rate of a property, putting the black money component in many transactions between 50-60 %. According to estimates provided by the former joint director of CBI, BR Lall in his 2010 book Financial Terrorism : Black Money and India's Traitor Elite, the size of the construction industry is close to 12.1% of India's current GDP of $1.8 trillion. Of this, about 60% or about $100 billion would be in black economy. "For a lot of developers, the developments like Jan Lokpal bill are not favourable . They can expect more trouble if it goes through," says Anupama Jha, executive director at Transparency International India, a global civil society organisation. Most parts of the real estate business see black money transactions, including buying land, materials and getting approvals on the developers side and buying a house on the consumers side. "An effective lokpal bill might not be the panacea for all our problems but it will certainly bring down corruption and black money," says Deepankar Sanwalka, head, forensics at KPMG India. The bill is expected to bring the money flow from political and other circles under greater scrutiny. Today, the realty sector has become one of the largest and most lucrative options for speculative investments. "It is the best way to park cash that has been generated through corruption and tax evasion. Such large sums can only be accommodated in real estate," adds Sanwalka . While the use of black money is widespread, it is more prevalent among smaller players, who have little access to bank or PE funding. In the absence of these sources, smaller developers are forced to access the parallel economy for the needs. |