Presentation by- Sonali sarkar course – pgdm 2016-18

roll no.– 004 date – 21 september

BLACK MONEY

MEANING OF BLACK MONEY

HISTORY OF BLACK MONEY

SOURCES OF BLACK MONEY

TOP 10 COUNTRIES INCLUDES IN BLACK MONEY

BLACK MONEY ACT HIGHLIGHT

DISADVANTAGES OF BLACK MONEY

MEANING OF BLACK MONEY

• Black money is money which is earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity

HISTORY

• In 1930s• In late 60s, we got money from several nation as loan/aid,

the politically connected people took the advantage of it and gave donation to the political parties.

• In 80s, IMF and IBRD came starting giving loan to every country for development work.

In1980sIn1960sIn1930s

TOP 10 COUNTRIES IN BLACK MONEY

CHINAMEXICOMALAYSIASAUDI ARABIARUSSIAPHILIPPINSNIGERIAINDIAINDONASIAUAE (UNITED ARAB EMIRATES)

Black money act have came into force on the 1st day of April 2016.

Only resident person covered the act not ordinarily resident in India as defined under section 6 of the

income tax act1961.

DISADVANTAGE of BLACK MONEYWIDENING THE GAP BETWEEN THE RICH AND THE POOR

Growth of the money causes regressive distribution of income in the society . When the black money

grows faster, rich become richer and poor become poorer.

EXample

Conclusion of this topic

• As we know that our prime minister started Aadhar card in India for each and every person .

• If we individually give tax to the government then our country will become a developed country.

REFERENCE

www.wikipidiya.com www.bankeradd.com www.thehindu.com

www.economoctime.com

THANK YOU.