ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Black moneySubscribe to Black money

Lost Due To Demonetisation

Sudden demonetisation of ₹500 and ₹1,0000 notes, an elimination of existing money stock that enables economic transactions, is bound to have an economic impact, apart from penalising those who hold this money as store of their tax-evaded illegal wealth. Considering various possible scenarios, a loss of gross domestic product will be inevitable.

Curry Mixed With Demonetisation and a Pinch of Pesticide

When the government outlawed 86 per cent of India’s currency, burying his hope of selling land to pay off growing debts, Varda Balayya of Dharmaram village in Telangana killed himself and tried to poison his entire family by mixing pesticide in their chicken curry

Curbing the Black Economy

The Bharatiya Janata Party-led government, which promised to tackle the generation of black incomes and to even bring black money back to India, has over the past two years made many announcements that have little bite, like double taxation agreements, among others. Without strong deterrence, curbing the black economy is difficult. That is why widening the direct tax base from 1% of the population, evident from the recently released tax data, has not been feasible.

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