Black Money in India

According to me, black money is the illegal assets. Illegal asset means which do not pay the any taxes for them or they may be got through the currupted way.

Corruption in India is the most menance threat to our economy. India has been battling with ever, since the independence.

The main reason for corruption or black money is lack of transparency in bureaucracy and lack of implementation in rules and laws. By this black money the poverty is increasing in India. Unfortunately most of the black money is in the hands of politicians who are ruling us. Unless the general people became vigilant, the black money cannot unplugged from our nation.

First of all, thanks for this opportunity.

My point of view about black money is the illegal assets when we are not paying the taxes, or our assets is not in surveillance under the government (income tax). It is a big issue in our country as well as in other countries. We can't say this problem is in only our country. On other sentence is corruption is the main part of this problem. Today black money ' s issues are not only in the individual sector. Politics, business industries. Everywhere it is the main problem.

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.

In India, most of the Black Money is in the hands of "Politicians" and "Businessmen". This black money is hidden from the government under their "Benami's". To collapse this black money government recently came with "Demonetization". But as the citizens, we should also make India free of "Black Money" by making all the operations and pays legally.

Hello everyone.

According to my ideology is to concerned,

Black money means to earn money in an illegal way that is black money.

In our country what is happening, the people from rich background they think we are the best nobody is above then them, in order to control this curb we must take a step towards this, we have to make everyone aware about this, example, educated person, illiterate person, and especially students because they are Nation builders.

Some of the politicians are having black money in India. These activities are illegal and because of this India is not a republic but this country can be a republic but some of the politicians are hiding the black money which is money to develop India. Those politicians are not good so now India is not a republic country.

Black money is a serious problem with us it was the money of unpaid taxes that corrupted all the roots of the country slowly which resultant a very big drop-down in the economy.

Black money is one of the major issue which is going without a problem. As earlier everyone spoke about it we as an individual must take a step forward for ending this everlasting problem. I could like to finish my discussion by highlighting a sentence "GOVERNMENT DOES NOT CORRUPT PEOPLE, ITS PEOPLE THAT CORRUPTS GOVERNMENT".

Black money is one of the major problem of any nation.

The money earned through by not paying taxes is termed as black money. The black money effects the growth any nation. The Abolishing of black money is responsible of every citizen by paying taxes on time. Black money not only corrupt nation but also increases sources for other illegal activities in nation.

Black money is a serious problem. Because all the corruption occurs for this black money. Corruption in example unpaid tax, price products increased.