Black Money in India

Group Discussion
Points to remember before you participate in this discussion:
  • Assume you are one of the members of a real group discussion.
  • Take the initiative to participate and contribute your thoughts.
  • Contribute your positive thoughts towards providing the solution.
  • Post your thoughts here.
Discussion:
137 comments Page 1 of 14.

Shubham said:   4 weeks ago
Black money means money earned in illegal ways and people have no official record of where this money came from and by this people don't pay taxes to the government. That will affect the GDP of India and it will impact a lot on normal people also. Corruption is mostly done by people who have power.
(2)

Nidhi sahu said:   3 months ago
Hello everyone.

My name is Nidhi Sahu.

Today the given topic is black money.

I want to tell you what is black money. Black money means that people earn money which comes from illegal work hide from the government and don't pay taxes, is called black money. This is a big problem for our country.

That's why India is not a developed country, if you don't pay taxes it will destroy our GDP growth.

There are so many people in India who have black money that's a big reason why richer became richer and poorer became poorer. The government made a good decision Notebandi in India it reduced black money.

Conclusion: In my opinion, black money is a big problem in our country, because of black money our GDP growth has decreased, a cashless economy is a good initiative to decrease black money because of cashless economy and last I would like to say that the government should take a strict decision against black money.

Black money is illegal to work and it's very harmful for own country so the Government improve this problem also.

In my opinion, corruption is day-to-day, so the Government is strictly working on this corruption.

Thank you.

Thank you, everyone.
(5)

Arzhxdrxh said:   4 months ago
I wish to talk hereby about black money in India.

Black money is nothing, but Money earned in illegal activities and the unpaid amount as a payment of tax to the government. The person who hides some of the amounts from the total earnings to avoid proper tax payment. Mostly, it is held in India, It is a very important thing to be analyzed by the reputed officers to the development of India's economy.
(3)

Lakshman said:   6 months ago
Hello good morning sir,

Nowadays black money is common because in their particular job, they illegally earn money through corruption. More amount is coming from corruption which is mostly handled by Government officers, and politicians. But some people are being paid by the government perfectly. If they do wrong they hide more money in the house and some hidden places.
(5)

Kittu said:   7 months ago
In India, black money is funds earned on the black market, on which income and other taxes have not been paid. Also, the unaccounted money that is concealed from the tax administrator is called black money. The black money is accumulated by criminals, smugglers, and tax evaders.
(6)

Vinnu said:   1 year ago
Nowadays black money is increasing very fast in India. If the government will not take action on black money. India never develops like other countries. So, it is important to take seriously on black money.
(22)

Vinoth said:   1 year ago
Nowadays black money is increasing very fast in India. If government will not take action on black money. India never develops like others country. So, it is important to take serious on black money.
(40)

Naveen said:   2 years ago
Many people in our country find different types of tactics to save income tax. It's our moral duty to pay the taxes because we are citizen of this country. Without having money govt are unable to do the development work. Due the black money, govt have to rise the prices of the necessary good. Rising prices of essential goods, it effects the pocket of the middle class and lower class family. Due to rising prices, they are unable to full fill their basic needs. People should realise that thing that it's our moral duty to pay the tax and not hide our actual income then the change will come.
(41)

Akshay said:   2 years ago
Hello everyone.

In my opinion, black money is nothing but money earned through illegal activities or through activities where the money received is not disclosed to the government, mainly to evade tax.

Black money is a big problem that India is facing for a long time now. In fact, it is the problem of many countries around the world too.

In order to conclude, the government should thrive more on cashless transactions and the government was successful in introducing UPI in the country.
(32)

Rajdeep kumar said:   2 years ago
Hello everyone.

My name is Rajdeep Kumar.

Today the given topic is black money.

I want to tell you what is black money. black money means that people earn money which comes from illegal work and hide from the government and don't pay taxes, is called black money.

This is a big problem for our country.

That's why India is not a developed country, if you don't pay taxes it will destroy our GDP growth.

There are so many people in India who have black money that's a big reason why richer became richer and poorer became poorer. The government took a good decision Notebandi in India it reduces black money.

Conclusion: In my opinion, black money is a big problem in our country, because of black money our GDP growth is decreased, a cashless economy is a good initiative to decrease black money because of cashless economy and last I would like to say that government should take a strict decision against black money.

Thank you, everyone.

Jai Hind.
(134)


Post your thoughts here:

Your comments will be displayed after verification.