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The black money racket essay


the black money racket essay

New Indian Express. Largest depositors in Swiss Banks are also reported to be Indians". This measure has been introduced in over 800 securities by the exchanges. Old and complicated laws such as the Urban Land Ceiling Regulation Act and Rent Control Act need to be repealed, property value limits and high tax rates eliminated, while Property Title Certification system dramatically simplified. It is feared that a lot of black money is being generated by the religious, social and educational trusts throughout the length and breadth of the country. It is used to get illegal weapons in the hands of the groups of unsocial elements. People should be continuously made aware of the benefits of paying taxes. Inactive and suspended companies many a time are used as harbours of manipulative minds. 3 Other sectors of Indian economy needing reform, as identified by the report, include equity trading market, mining permits, bullion and non-profit organisations. The great scams like the Bofors, 2 G Scam, the Commonwealth Games Scam, Adarash Society Scam, etc have already come to the light of the public. These companies then masqueraded at Mauritian companies.

the black money racket essay

Recently a racket of fake certificates of OBCs and SCs has been found for admission into Delhi University. 19 In 2011, the Indian government received the names of 782 Indians who had accounts with hsbc. Retrieved "Dollar denominated bonds a preferred choice to earn extra yield overseas". But the problem is that the law enforcement agencies have precious little evidence to back their claims. Subramanian Swamy said that DTA was not a valid reason for not revealing names of the accounts of Indians held definitional argument essay in foreign banks. Impact of demonetisation on black money. 98 The value of fake notes received by RBI is negligible compared to total value. Government imposed penalty on real estate cash transactions above Rs 20000.

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