Download - Black Money
![Page 1: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/1.jpg)
By Rohit AgarwalRoll No. 127
![Page 2: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/2.jpg)
The currency used in “black The currency used in “black economy”.economy”.
The proceeds, usually received in The proceeds, usually received in cash, from underground economic cash, from underground economic activity.activity.
Earned through illegal activity &, Earned through illegal activity &, as such, is not taxed.as such, is not taxed.
![Page 3: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/3.jpg)
Sources
![Page 4: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/4.jpg)
Movement of Black Money
By Hawala system (also known as hundi)i. Money transfer without money movement.ii. No promissory instruments are exchanged.iii. Based on the performance and honour of huge network of
money brokers. Depositing in Swiss Bank Account.i. Political stability ii. Stable currencyiii. Qualityiv. Neutralityv. Secrecy
![Page 5: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/5.jpg)
Top 5 countries generating Black Money
![Page 6: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/6.jpg)
Top 5 Scams
![Page 7: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/7.jpg)
Impact
Slow progress of country Unequal distribution of money (poverty) Recession Illegal transfer of funds from India to foreign
countries Inflation Corruption
![Page 8: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/8.jpg)
Measures to combat black money
Co-ordination with other countries Creation of awareness on the evil of black money Regulation of donation to political parties Transparent & accountable governance E – money You & I
![Page 9: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/9.jpg)
Conclusion
Black money has created a big black hole in Indian Economy & entire burden is beared by the common man.
We Indians have to come forward to fight against corruption.
Let’s change the view , let’s make a move.
![Page 10: Black Money](https://reader033.vdocuments.site/reader033/viewer/2022061606/58ac19251a28ab33178b6e4b/html5/thumbnails/10.jpg)
Thank You