Atleast 100 wealthy Indians can cheer as they have been granted amnesty for bringing the their wealth which they have hidden in accounts in HSBC Holdings' Swiss unit. Moreover they have evaded taxes also so far on that money.
Nonetheless better late than never and now that money can be recirculated in Indian economy and they are entitled to amnesty if they pay the taxes due. The government is still investigating other people on the list and income tax authorities will not trouble making the income tax payments on money brought in India from above bank.
