Essay on Black Money in India Jasvir Advertisements: It is a wellrecognized fact that there exists in India a parallel economy based entirely on black money transactions. 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 Essay on the Black Money of India. Article Shared by. Essay on the Factors Governing Generation of Black Money in India Essay on the Impact of Black Income on the Economy The quantum of black money circulating in the Indian economy is at least 6. 6 per cent of the GDP which now would be in the range of Rs 70, 000 crore. 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.
IMPACT OF BLACK MONEY ON INDIAN ECONOMY Essay on black money in indian economy Money in India: Magnitude, Causes and Consequences. Print Reference this. Disclaimer: Indian Economy. Black money is defined as factor incomes, property incomes which should have been reported to income tax authorities but are not. If you are the original writer of this essay and no longer wish to have the essay published on An ArticleEssay on Black money and its disastrous influence on Indian economy Article shared by The money that is earned and hoarded by dishonest and unfair means and kept in secret to evade taxes is called blackmoney.
It results in the loss of revenue of the Government. Black money and tax evasion go hand by hand Honest tax payers are hard hit and it leads to economic inequality.
Unscrupulous businessman, traders, Capitalists and middlemen increase their wealth. They increase conspicuous consumption.
The unproductive assets like precious 1069 Words Essay on Black Money and Its Effects. Some people believe that the black money in India is a parallel economy worth thousands of millions of rupees.
Essay on the Effect of Black Money on Indian Economy; Essay on Black Money in India (Source, Magnitude and Effects) 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 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.
Impact Of Black Money On Indian Economy. Essay on Leadership. Essay on Value Of Time. Essay on Picnic. Essay on National Integration. Certain vulnerable sectors of Indian economy are more prone to underground economy and black money than others. These sectors need systematic reforms. As example, the report offers gold trading, which was one of the major sources of black money generation and even crime prior to the reforms induced in that sector.