Black Money in India

Black money in India is a serious problem. Corruption occurs at all levels of government and organization structure in the country which affects our country's economy badly. A few years ago, Modi Government launched "Demonetization" that was a noble move to curb corruption but it did not make a meaningful impact and now we need better methods to reduce the use of black money in the country.

We have find ways that do not negatively impact the economy of our country. A beneficial move would be to transition into digital currency which is more traceable and safe too and also environmental friendly. It would not affect the country's economy instead do more good.

Other options could be to increase the satisfaction and incentives of all levels of workers because people usually tend to black money because of financial problems. If they are happier psychologically they would opt for less bad measures. Nabbing criminals like mafias and underworld dons can also reduce black money consumption as they are the major perpetrators of corruption.

To sum it up, if we gradually adopt digital currency and more meaningful changes and take small measures in our systems, the consumption of black money can vanish from the country.

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 the people who are corrupt. Why they are so greedy that even on seating on the chairs of responsibilities. And getting dignity respect from a citizen of India. Still, they are running out of money through illegal way. It's not the Government which has to change its mindset of the people which has to change.

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.

Whatever all people said was right.

Even though our prime minister Narendra Modi introduced the scheme banning of 500 and 1000 notes but still the malpractices have occurred during this scheme by many ministers and all.

Most of the middle-class families faced a lot of problems.

I hope in the coming years, the government will take a good step towards eradicating black money in India.

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.

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.

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".

Unpaid tax money is called black money or you may say the money that earned by illegal is called black money eg bribe is also a kind of black money. I think that there are a number of professions are in India where people can easily earn black money. Such as in govt offices, police, central govt etc.

In my opinion, Black money occurs crime or accident s because a person who earns black money then he will go to the wrong way to earn extra money which is known as black money. Black money creates corruption which is more harmful to every person.