INDIAN BLACK MONEY

DEFINITION:

Income earned surreptitiously and not

reported to the government in an attempt to avoid paying taxes on it.

SOURCE OF BLACK MONEY Gambling Drug trafficking Terrorism Prostitution Selling stolen goods

WHITE MONEY BLACK MONEY

Got money

Placement

Layering

Integration

MOVEMENT OF ‘BLACK MONEY’

To be at safe side the recipients of the blackMoney moves their black income by using the following two sources:*By Hawala system*depositing in swiss bank.

BLACK MONEY WHITE MONEY

Integration

Layering

Placement

Got money

‘BLACK MONEY’ AND CORRUPTION.

Black money & corruption are two sides of the same coin.

Dishonest indusrialists, scandalous politicians and corrupt officials have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion.

INDIA NOT SERIOUS ABOUT BLACK MONEY IN SWISS BANKS? Dishonest Industrialists, scandalous

politicians and corrupt IAS,IPS,IRS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them.

SWISS BANK

Effect of black money

Slow progress of country

Unequal distribution of money

PANAMA PAPERS

• International collaborative project have leaked the significant documents approximately 11.5 million documents totaling 2.6 terabytes of data about Mossack Fonseca firm in panama (a country in central America which has helped investors around the world to evade tax,launder money ,amoung other .

FACTSOnce the huge amount of black money and Property comes back to India, the entire foreign debt can be repaid in 24 hours.

If the total black money is Recovered then every Indian can have one Tata Nano and every new born baby can gifted with the same for next 1 year.

If the surplus amount after Retaining the black money is invested the amount earned will be more than central government budget.

If the black money is retained the government will have enough money to run the government for 30 years.Every year almost 80,00 people travels Switzerland, out

of these around 25,000 travels frequently.

WHAT WE CAN DO?

“First, you need to be aware”

“distributing pamphlets”

“spread the message”

“organize road shows &seminar”

The world thinks INDIA=black money

Lets change the view Lets make a move.

CONCLUSION

• Black money has created a big black hole in Indian economy & the entire burden is beared by the common people of India.

THANK YOU BY

S.JAYAVARDHAN REDDYGITAM UNIVERSITY