There are no plans to curb
flight of capital and money laundering and instead efforts to regularise these irregularities.
According to PAGE source, ABAD has demanded to withdraw this mechanism for valuation of immovable property, which has created panic in investors and caused for
flight of capital from construction and real estate.
News that the US central bank would keep borrowing costs at zero was broadly welcomed across Asia, with most stock markets up, as it eased concerns about a feared
flight of capital from the region's struggling economies.
The
flight of capital, which could have otherwise been deployed to productive investment domestically, has worsened the investment outlook.
Even then there were periods when the country had political stability and
flight of capital slowed substantially while direct foreign investment (DFI) inflows were huge.
Many people especially Saudis criticize this trend as "
flight of capital" from their country.
Fearing a
flight of capital from Scotland's big banks, the governor revealed, under questioning, that he has contingency plans in place to stand behind them in the financial turmoil that would follow a Yes vote.
For the first time, the EU sought to hobble broad swaths of Russian industry with the goal of accelerating the
flight of capital from the $2 trillion economy.
Experts say that black money stashed away in banks abroad is hindrance in India's economic growth and this
flight of capital has only helped widen inequality in this country.
Mr Shapps said: "Their regional managing director in Wales actually said last year: 'As a Welshman this situation is deeply disappointing for me, and as a businessman in Wales hugely concerning...He said: "There is a major risk - actually it is already happening - of a
flight of capital that would have gone into Wales going elsewhere."
Hitting out at the Congress on corruption which, he said, touched an all- time high, the BJP leader highlighted the 2G spectrum allocation, coal block allocation, Commonwealth Games and VVIP chopper scams which " brought down the image of the country, leading to decline on investment and
flight of capital." He added that the UPA inherited a robust economy with 8.4 per cent growth in May 2004 but had left it shattered with growth rate of less than 5 per cent and high inflation.
This
flight of capital caused a temporary liquidity crunch, he added.
