BLACK MONEY

Definition:

Income earned surreptitiously and not

reported to the government in an attempt to avoid

paying taxes on it.

Black Money in India

• India tops the list of Black Money in the world• Estimated US$ 1,456 Billion Black money in Swiss

Bank• India has more Black Money than rest of the World

combined• Has potential to become the richest country in the

World

Causes of Black Money

BLACK MARKET

Definition:

A black market or underground economy is

the market in which illegal goods are traded. Due to the nature of the goods

traded, the market itself is forced to operate outside

the formal economy, supported by the

established state power

High Rate of TaxAn unrealistic and

disproportionate increase in taxes and duties compel

some people to evade tax and accumulate black

money

INFLATION

Definition:

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a

period of time.

Elections in Democracy

Elections are a part of the democratic process. Elec tioneering has become a costly affair

today. Hence the candidates contesting for elections are bound to spend more than what

is legally permissible for them. These elections are generally financed by the

black money holders.

Effects of Black Money

Slow Progress of

Country

Unequal Distribution of Money

Recession

The world thinksIndia = Black money

Lets change the view,Lets make a move.

ThankYou