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Black money essay in tamil

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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. Estimates of Black Money in India 3. Factors Governing 4. Impact on Economy 5.
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Essay black money indian economy for essay writing school rules

Black money essay in tamil
Black money essay in tamil
Black money essay in tamil
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Essay on black money in hindi pdf

It also refers to various types of unaccounted money earned or gained due to tax evasion graft, smuggling, non-payment of legal taxes and misconduct of business, trade, and commerce, earning money in a most dishonest way is black money. Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering. Black money could arise broadly due to two possible reasons. The first is that the money may have been generated through illegitimate activities not permissible under the law, like crime, drug trade, terrorism, and corruption, all of which are punishable under the legal framework of the state. The second and perhaps more likely reason is that the wealth may have been generated and accumulated by failing to pay the dues to the public exchequer in one form or another. Sources of Black Money: The most common source of black money is illegal means through the black market or underground economy, such as drug trafficking; weapons trading; terrorism; prostitution; selling counterfeit or stolen goods, such as credit cards; or selling pirated versions of copyrighted items, such as software and musical recordings.
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Early political career. The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy. According to a report from the Reserve Bank of India , approximately Initially, the move received support from several bankers as well as from some international commentators. The move was also criticised as poorly planned and unfair, and was met with protests, litigation, and strikes against the government in several places across India.
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