Essay On Solution For Black Money

Essay On Solution For Black Money-38
It has also agreed on not letting Account holders know this information.Switzerland has given information about Indian holding in Switzerland bank as around. 9000 crore or 2.18 billion Swiss francs till 2012 record.India was ranked 94 out of 176 countries in Transparency. We should also find out a way to check the evil activities of few politicians who think that what is other's is theirs and what they have is already theirs.

It has also agreed on not letting Account holders know this information.Switzerland has given information about Indian holding in Switzerland bank as around. 9000 crore or 2.18 billion Swiss francs till 2012 record.India was ranked 94 out of 176 countries in Transparency. We should also find out a way to check the evil activities of few politicians who think that what is other's is theirs and what they have is already theirs.

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The Indian economy stands badly shattered because of the huge amount of this trainted wealth lying in the coffers of the rich.

It has given rise to parallel economy operating in the country.

Black money is used by the rich in various evil activities.

They use this money for corrupting and demoralizing social and political life.

It is difficult to form an exact idea of the amount of black money in circulation in the country.

Essay On Solution For Black Money Personal Plan Coursework

Searches and raids by Income Tax authorities are conducted from time to time. But the people are, at times, cleverer, than the Government.As a becoming poorer while the rich go on becoming richer.The gap between the haves and the have-nots is widening every day.They display it in ostentatious living and wasteful luxuries.They bribe Government officers and lead them to corruption and dishonesty.Lack of strong political will and due to weak judiciary system, black money system grows and persists in our society. It is prevailing about everywhere except few places; where value of life is overruling all the negatives of human values.It is also because dishonesty, greed, selfishness etc by the people for the few people creates very good atmosphere of black money dealings.It is also because government sometime unfairly does not prove itself in truthful action despite collecting tax fairly, thereby compelling people to think in black way.For example while buying a land people many times deal by lowering the values of a land to evade tax.People used right to information ( RTI) tool to know about any financial or important deal or information.Recently elected Indian government in 2014 promished high to bring back the black money from international pockets.

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