Black Money in India

Good morning friends,

I am discuss about 'Black money in India'. I start this topic. People are seen that every department is hungry for money which corruption increases. Black money is example of corruption. That is increasing day by day. Black money is that money which government is not got form tax by people. In India 80% people belong to middle families and poor families, these people do give the tax the government and 20% people these people do not pay the tax that is poison for economic of our country. It is the reason that economic growth is not increasing.

Thank you.

Hello, I'm Sakshi.

The topic given for GD is black money.

Black money is not limited to unpaid taxes but it has different faces, either in the form of gold, currency, foreign deposits, market shares or land.

Unless and until the Government takes any strict action it becomes a serious issue.

80% of the people from the country belong to the middle class or poor class category. This Black money affects their basic needs and this affects the GDP of our nation. Because of black money corruption rises and India is still a developing country not a developed country.

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.

Hello everyone, today we are gathered here to discuss on the topic of black money.

In my opinion, black money is money earned through illegal activity by not paying taxes on time. This is one of the major reason for corruption in India and Our PM Narendra Modi took a beautiful move by banning Rs. 500 and Rs. 1000 notes. I think this is the best move till now in politics. Black money can vanish only when every citizen think for a better and clean India. It is the duty for every citizen of India to pay taxes for countries development.

Thank you all.

Hello everyone, today we are gathered here to discuss the topic of black money.

In my opinion, black money is money earned through illegal activity by not paying taxes on time. This is one of the major reason for corruption in India and Our PM Narendra Modi took a beautiful move by banning Rs. 500 and Rs. 1000 notes. I think this is the best move in politics. Black money can vanish only when every citizen think for a better and clean India. It is the duty for every citizen of India to pay taxes for countries development.

Thank you all.

Was a nice expectations from the government point of view but it failed on the large basis and the timing was incorrect too. It shows the worst face of the economic failure of the current government. In the time when farmers if our country had no rains and had less money in the pocket because of draught in the country, our government had to increase the MSP of the country but instead of doing that they banned the 500 and 1000 notes and our economy apparently collapsed due to that and our GDP is no longer stays at the international forum.

It's our responsibility to pay taxes timely. Bt many people run from paying taxes and thus carrying black money with them. Even after demonetization, India didn't get the culprit carrying black money because the tax collectors were given bribes and they have hidden the data. If tax will not be paid effectively then black money will keep on growing and India will lack behind in civilization. Most of the private employee doesn't pay taxes as they think rich people should pay this but it's the right of each and every individual to pay tax.

Hi everyone my name is Veeramani.

Black money is one of the main issues faced by India. Black money also destroy the development of the country. In my point of view, main reason for black money is only a middle class people paying tax properly but some rich people do not pay tax correctly that mean they keep money in their home or invest in out side country. So, we for getting about past, we are the future of India, so do our work properly and don't expect extra money for work and follow the rules and regulation of govt.

Thank you.

Black money is money earned by illegal resourse. In my opinion, black money is not good for any country.

It is curse for any country.

According to government, low unpaid tax and uncounted money come in category of black money.

If I talk about black money in india, most of politician is engaged in corruption and corruption leads to illegal activities.

Another reason is system of country, system of any country play very vital role in development of any country.

So, if system of any country is not good then it increase corruption.

Now that we have understood what is black money, it is important to discuss why this is affecting India adversely. This black money, gives rise to a parallel economy, which affects the transparent transactions which happen through cheques and banks. Black money further leads to malpractices like corruption, bribery, crime etc. Black money in India is also used for funding extremists, which cause a lot of damage to life and property. Hence, black money is something which is corrupting India and dampening its progress.