Black money is hot topic of common debate in the country now this article explains in easily understandable way the various aspects of black money, starting with defining black money, generation of black money, how black money is washed and used as normal money, and need to tackle the black money menace, and other related aspects. Black money is docile money it does not play any economic function thousands of crores of rupees lie idle in lockers and benami accounts making no contribution to the development of the country. To an extent, black money in the financial market is limited due to compulsory legislation that one must have a pan card number, but the money used for daily needs do not come into picture if a person goes to reliance fresh and buys some groceries using black money, it has instantly been converted into white money the moment a receipt is obtained.
Essay on black money we are observing huge transformation in the face of india with the concepts of digital india and make in india, it has already shown its potential to the competing nations but what makes it lag behind are the metrics that every indian talks about are very few yet powerful no wonder they’re black money, corruption, etc. Indian black money from wikipedia, the free encyclopedia in india, black money refers to funds earned on the black market, on which income and other taxes has not been paid the total amount of black money deposited in foreign banks by indians is unknown. Essay on “black money in india” complete essay for class 10, class 12 and graduation and other classes.
The black money is hidden in various forms such as, bonds, securities, shares, benami accounts, cash amounts, and other forms of wealth right now, the black money is being invested in real estate properties (open plots, shops, houses, apartments, duplex), cars, golds, silver, diamonds, and jewellery. Home » 10th class » essay on “black money in india” complete essay for class 10, class 12 and graduation and other classes essay on “black money in india” complete essay for class 10, class 12 and graduation and other classes. Essay on black money is about the money obtained by an individual or an organization illegally, by any unfair means or by not paying taxes probably. Free essays on short essay on black money causes in india get help with your writing 1 through 30. Once bitten, twice shy i stumbled upon an opportunity to indulge in an in-depth conversation regarding black economy with a high customs official who told me that the existence of black money is.
Black money, also described as tainted money, has seeped into every walk of life and is posing a great threat to the stability of our real economy the most unfortunate aspect is that it has come to be accepted as normal fact of life. Black money white paper m a y 2 0 1 2 ministry of finance department of revenue central board of direct taxes new delhi |éhé´é àéöjévééòç pranab mukherjee éê´éké àéæjééò, £éé®ié finance minister india foreword in the past year the public discourse on the issue of corruption and black money has come in the forefront with the active participation of the civil society and our parliamentary institutions two issues have been highlighted in this debate. Child marriages in pakistan essay - ‘pakistan is one of the developing countries and there are various un-researched and ignored problems that are hindering its way to stand out as a stable country.
Black money in india: present status and future challenges rajni arora another aspect of black money emotions and sentiments is very astonishing for society from which significant amount of black significant amount of black moneymoney is generated and used and that is the spirituality. In this essay we will discuss about the black money of india after reading this essay you will learn about: 1 introduction of black money in india 2.
It is believed that there is a huge amount of black money in india, estimated to be 200 million crores it is also said that in our country over 200 crore rupees of black money is created every year this reflects the magnitude of black money market in india.