We hear news about black money in indian economy very often these days but what exactly is black money what makes money black or white this short analysis is a humble attempt to cover essentials one should know about the black money issue in india. In india, black money is funds earned on the black market, on which income and other taxes have not been paid also, the unaccounted money that is concealed from the tax administrator is called black money the black money is accumulated by the criminals, smugglers, hoarders, tax-evaders and other anti- social. Since november 8, pm announced demonetization of 500 and 1000 rupees notes to track the black money so in the short run, there will most certainly be a decrease in prices until the demonetization dust settles, but later on, in the long run, i believe everything will be back here is my article on demonetization essay. 'surgical strike against black money' nivedita ganguly visakhapatnam:, november 09, 2016 00:00 ist updated: december 02, 2016 14:25 ist share article print a a a. The swiss banking association report of 2006 pointed out that indians has more black money abroad than the entire world put together the bjp also relied on another report which stated that india own swiss accounts, assets are worth around 15 times india's national debt with such enormous amounts. Find long and short essay on black money for children and students the issue of black money is prevalent in india and the government has come up with stern measures to deal with it lately here are essays on black money of varying lengths to help you with the topic in your exam, class tests or competitions.
Essay on black money in india - free download as word doc (doc / docx), pdf file (pdf), text file (txt) or read online for free. The reserve bank of india, later in its press conference, said that india remains a cash based economy hence the circulation of fake indian currency notes continues to be a menace in order to contain the rising incidence of fake notes and black money, the scheme to withdraw these currency notes has. The tainted wealth in the country or impact of black money on indian economy illegally earned money is called black money it is the result of hoarding, smuggling, tax evasion and dealing in immovable property for which the consideration is paid in black it has been beyond the. It is expected that the problem of counterfeit currency can be addressed at least for a short period, until anti-nationals develop the technology to print the newly issued currency according to the government of india (2012), the extent of black money is somewhere between $500 billion and $1400 billion.
Hello guys, there is an essay, artwork, video and poem competition on the topic “combating corruption battling black money” by the central government of india it is open until 31st november 2017 each of the categories has four exciting prizes, which are as follows 1st prize – rs 2 lakh 2nd prize – rs. Though prime minister narendra modi pulled off a major coup today to check black money, he had laid its foundation over two years ago, soon after coming to power in may 2014.
In recent years, the purchasing power of rupee came down considerably in other words, there was all-round price rise many factors are responsible for this rise presence of black money is one of. Recently elected indian government in 2014 promished high to bring back the black money from international pockets it also warned in tough tell to take a check on money laundering in this connection supreme court of india issued an order to set up special investigtion team (sit) and had given last day. Prime minister narendra modi's announced a bold measure on wednesday to reduce the role of unaccounted for cash or “black money” in the country's the new policy, which became effective at midnight on november 9 after a short four- hour notice, bans the use of 500 rupee and 1,000 rupee currency.