Definition, sources, movement, top 5 countries, top 5 scams, impact, measures, conclusion

1. By Rohit Agarwal
Roll No. 127

2.  The currency used in “blackThe currency used in “black
economy”.economy”.
 The proceeds, usually received inThe proceeds, usually received in
cash, from underground economiccash, from underground economic
activity.activity.
 Earned through illegal activity &, asEarned through illegal activity &, as
such, is not taxed.such, is not taxed.

3. Sources

4. Movement of Black Money
 By Hawala system (also known as hundi)
i. Money transfer without money movement.
ii. No promissory instruments are exchanged.
iii. Based on the performance and honour of huge network of money
brokers.
 Depositing in Swiss Bank Account.
i. Political stability
ii. Stable currency
iii. Quality
iv. Neutrality
v. Secrecy

5. Top 5 countries generating Black Money

6. Top 5 Scams

7. Impact
 Slow progress of country
 Unequal distribution of money (poverty)
 Recession
 Illegal transfer of funds from India to foreign countries
 Inflation
 Corruption

8. Measures to combat black money
 Co-ordination with other countries
 Creation of awareness on the evil of black money
 Regulation of donation to political parties
 Transparent & accountable governance
 E – money
 You & I

9. Conclusion
Black money has created a big black hole in Indian Economy & entire
burden is beared by the common man.
We Indians have to come forward to fight against corruption.
Let’s change the view
, let’s make a move.

10. Thank You