Short Essay on Black Money: Evils and Remedies.
Black money also manifests itself in many other malpractices,money laundering being the prime fallout. Any attempt toconvert illegally accrued black money into legal money, known as white money is known as money laundering. This is done through hawalatransaction in which money is transferred illegally from one region to another without using.The problem of unaccounted money, or black moneyas it is commonly known, has attracted a good deal of attention by the present regime. Since the raid on the lockers of some well known people in the major cities in Pakistan, the unearthing of black money has caused considerable excitement, both in the official as well as private circles.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 black money issue in India.
It is a well-recognized 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.Essay on “Black Money Impact on Economy” Complete Essay for Class 10, Class 12 and Graduation and other classes. Black Money Impact on Economy It is a well-recognized fact that there exists in India a parallel economy based entirely on black money transactions.
One cannot deny the importance of money because it is the most necessary thing that we require. Just like you need food to live similarly you need money to survive. It is difficult to sustain without money as it is the basic necessity. In order to live a happy life, you need money. From buying the necessary stuff to paying the fee for your kids.
