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Black money puts a spanner on this, since the money which should rightfully enter the government coffers does not find its way and thus causes financial loss to the country’s economy. In a developing nation like India, where infrastructural growth is of such critical essence, this diversion of national fund is appalling. We rue about the state of our nation but the fact that the onus lies on.
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Black money has also played a big role in the development of the services sector mainly due to the fact that valuation of the activity is difficult, as a result of which an activity which is probably worth around Rs 5lakh is instead quoted at 10lakh to hide 5lakh of black money. Also, it has a large component of the unorganised sector in it. In India, the demand for services has increased.Learn More
Black money is money which is earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity and, as.Learn More
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As the matter of fact, inflation is both the cause as well as consequence of the growth of black money in the Indian economy. 5. Deficiencies of the Tax System pays way for black money. There are various lacunae in the tax system that encourages generation of black income. First, high personal Income Tax Rates cause people to try and evade taxes, and thus lead to generation of black income.Learn More
First, money to a young man, When I was young, my father always said that is power of money although it makes a person becomes happy or sad in their life. It effects to a mental person. When I was young, I had money. I feel the sky is shiny and bright look like a rose is delicious and beautiful, but when I didn't hang out, my father knew that I didn't have money. At that time I feel that there.Learn More
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