Black Money in India

Black money reduces our economy rate and that's why until this is a developing country.

Good morning, afternoon, evening, friends,

Today, I want to come in light the major problem that has been faced by many countries all over the world "Black Money''.

Black money is the part of the personal assets of a person for which no taxes is paid. It is start with a single person and flourish worldwide. Its main cause is corruption. If corruption nipped in bud, black money reduced a lot.

I suggest many measures to abolish black money.

(1) By starting digital India campaign.
(2) A secure planning must have taken before demonetisation.
(3) A citizen of a country must have a single personal account in his own national and state banks.
(4) Transparency in a transaction.
(5) By bringing mutual agreement among different on account of citizen accounts in different countries state banks.

Thank you.

Hello everyone.

My name is Abhishek Sen.

Today, I am discussing 'black money in India '. Nowadays black money is increasing very fast in India. If govt will not prompt action on the black money India never develops like another country. And as we know India is a developing country and moreover. Approximately eighty percent of people in India will fall under the category of the middle class and poor class so they are mostly dependent on the government for getting the benefits of government services. Mostly they won't wait for that. They have to use it quickly. So that they will give some amount to the officers which lead to corruption. And also this forms a way to black money. Simply black money is the money for which the tax yet paid. If the people in India is honest in their work half of The black money can be abolished.

In my point of view, this is one of the reason for India to be still developing nation. By doing illegal activities and earning black money rich people are becoming richer, poor people very very poor. Even after banning of 500, 1000 there is no change. Political leaders must change and even every individual must change to make India as a black money free nation.

Hallo everyone.

Black Money stands for not giving taxes to Goverment that lead to hamper in Nation development. This is the good move that is 'Notebandi' that taken by Goverment of India it reduces black Money in India.

Hello Everyone,

In my opinion, people are avoiding to pay the tax and deposit their money in another country means the money deposit by the people without paying the tax called black money. According to me, demonetisation is good to think for reducing the rate of black money and the new currency has come in the market. Thus the whole people deposit their money in the bank and those people don't pay their taxes, the government can taking legal action for criminals. Black money also reduces our Economy, GDP and inflammation is much higher.

Thank you all.

Hi friends.

In my opinion, the black money is illigal source to collect money, who give no tax they collect black money and other activities collect money, our PM Modi has taken good decision to notebandi, the people who catch by the government they collect black money.

Hello, friends, I am Anil Kumar from Bharatpur Rajasthan.

Today, I want to discuss our gd topic of black money in India. As we all know now black money is soaring high in the sky it can't be caught. It has a bad effect on us. No one country remains from it. All country is suffering from it. To check it our prime minister Narendra Modi rose some steps demonetization is one of them but it was not as affected as we hope. Digitalization is very effected on it now this is time to rise whole youth against it. At the recent time, there were many scams in our country. For example, Chara Ghotala is one of them which was happened in Bihar. As we can see now not a single man can't get any work without giving any bribe so this is a very dark side of it. So, the government and people of India should stand against it. Thanks a lot.

Hello friends.

According to my perception, black money is an illegal collection of wealth without paying taxes to the government. Now it is become a mammoth problem due to the mindset of people. It becomes very ridiculous.

How to reduce it.

A. government should be taken initiate with a visionary plane.
B. people should be aware of it.
C. start a campaign for provoked the people.
D. restriction should be enhanced for this type of flattery.

Thank you all.

Hello there.

I'm Heeramani.

Today we all have gathered here to discuss as I have seen you all are right.

Black money in India it means the money which is consumed or collected by doing illegal activities. As well as they hide their bank balance.

And In my opinion, it can be prevented by taking action against them.

And all the people of our country should aware of this kind of problem.

Thank you.