The document discusses black money in India, including its sources, movement, and impact. It states that India has more undeclared black money stored in Swiss banks than any other country, totaling an estimated $1,456 billion. It identifies major sources of black money as gambling, real estate undervaluation, false income statements, drug trafficking, and other illegal activities. Common methods of moving black money include India's hawala system and storing funds in Swiss bank accounts. The consequences of black money include increased poverty, inflation, and reduced economic development. The document advocates for measures like amnesty schemes, tax reform, technology use, and international cooperation to help reduce the generation of black money.
Black Money and its Impact on Indian Economyijtsrd
In the present era, issue of BLACK MONEY has come into forefront of the society with active participation of our youth and parliament. Government took various steps about the problem of Black money. The main aim of this research paper is to know how it is generated, committees and report of black money. This paper represents the framework, policy options and strategies that Indian Govt. should adopt to tackle with this issue and also describes various measures taken by Government. It also studies the impact of Demonetisation on black money and also describes the size of Black money and also includes recent news of SIT. The corruption leads to its generation which has considerable impact on various sections of the society. At last but not least, conclusion of this paper is provided representing the ongoing issue of black money in our country and its future course of action. Hopefully, this would contribute to an informed approach on this issue as we move forward in this context. Manish Dubey"Black Money and its Impact on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17042.pdf http://www.ijtsrd.com/humanities-and-the-arts/economics/17042/black-money-and-its-impact-on-indian-economy/manish-dubey
Black Money and its Impact on Indian Economyijtsrd
In the present era, issue of BLACK MONEY has come into forefront of the society with active participation of our youth and parliament. Government took various steps about the problem of Black money. The main aim of this research paper is to know how it is generated, committees and report of black money. This paper represents the framework, policy options and strategies that Indian Govt. should adopt to tackle with this issue and also describes various measures taken by Government. It also studies the impact of Demonetisation on black money and also describes the size of Black money and also includes recent news of SIT. The corruption leads to its generation which has considerable impact on various sections of the society. At last but not least, conclusion of this paper is provided representing the ongoing issue of black money in our country and its future course of action. Hopefully, this would contribute to an informed approach on this issue as we move forward in this context. Manish Dubey"Black Money and its Impact on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17042.pdf http://www.ijtsrd.com/humanities-and-the-arts/economics/17042/black-money-and-its-impact-on-indian-economy/manish-dubey
Presentation given for Crowe Horwath Auditor's training session on 26/03/2016.
AML regulations are applicable to professional service providers also. See the presentation for more information
Income earned surreptitiously and not reported to the government in an attempt to avoid paying taxes on it is called Black Money. The presentation shows the Causes and Effects of Black Money in India.
Presentation given for Crowe Horwath Auditor's training session on 26/03/2016.
AML regulations are applicable to professional service providers also. See the presentation for more information
Income earned surreptitiously and not reported to the government in an attempt to avoid paying taxes on it is called Black Money. The presentation shows the Causes and Effects of Black Money in India.
Do you know that the New York City has the world’s highest corporate income tax. Read similar interesting facts about taxes that you didn’t hear about.
A global overview for WWE wrestling. One of the best visuals I have ever seen in a teaser deck. Superb creative layout and a good amount of important marketing information within. No specific sponsorship sell here; that would come in a different deck
Policy measures to be taken to empower the Demonetization decision by India for effective eradication of Black Money - applicable to emerging as well as developed economies
How can India tackle the challenge of Black Money. A very easy to understand and yet comprehensive look at the topic.
Do you have difficulty in understanding what is Black Money and what can be done about it? Our experts have simplified the topic for you. Do you find that your friends talk about this topic without understanding the basic? Send them this presentation.
Demonetization and its effects
Dr. Abdul Azeez N.P.
Assistant Professor of Economics,
Aligarh Muslim University Malappuram Centre abdulazeeznp@gmail.com
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
2. What is ‘Black Money’?
Black money is:
the currency used in ‘black economy’.
the proceeds, usually received in cash, from underground
economic activity.
earned through illegal activity and, as such, is not taxed.
Fact: Once the huge amount of black money and property comes back to
India , the entire foreign debt can be repaid in 24 hours.
3. Sources of ‘Black Money’.
Gambling
Undervaluation of Asset and Over Valuation of Liabilities
False Income Statement
Drug trafficking
Weapons trading
Terrorism
Prostitution
Selling counterfeit or stolen goods
Selling pirated versions of copyrighted items such as software and
musical recordings and
Through any other act forbidden by law.
Fact: After paying the entire foreign debt from retained black money, we
will have surplus amount, almost 12 times larger than the foreign debt.
4. Movement of ‘Black Money’.
To be at a safer side the recipients of the black
money moves their black income by using the
following two sources:
By Hawala system.
Depositing in Swiss Bank.
Fact: If the surplus amount after retaining the black money is invested,
the amount of interest earned will be more than the annual budget of the
Central government.
5. Hawala System.
Hawala:
also known as hundi
origins in classical Islamic law
an informal value transfer system
based on the performance and honour of a huge network of
money brokers.
no promissory instrument
Fact: After retaining black money even if all the taxes are abolished, then
also the Central government will be able to maintain the country very
comfortably.
6. Swiss Bank.
1854 - Swiss Bank Corporation(SBC).
3rd largest in Switzerland with over 300
billion CHF(Converted Swiss Francs) of assets
and 11.7 billion CHF of equity.
1998 - SBC merged with UBS, the largest bank
in Europe and the 2nd largest bank in the
world.
The company's logo - three keys -
Fact: If the black money is retained the Government will have enough
money to run the country for 30 years.
7. ‘Black money’ and Corruption.
Black money & Corruption are two
sides of the same coin.
Dishonest Industrialists, Scandalous
Politicians and corrupt officials
have deposited in foreign banks in
their illegal personal accounts a
sum of about $1500 billion.
Fact: If the total Black Money is recovered then every Indian can have
one Tata Nano car and every new born baby can be gifted with the same
for next 1 year.
8. Top 5 countries generating ‘Black Money’.
INDIA $1,456 BILLION (NEARLY 76,00,000/- CRORES)
RUSSIA $470 BILLION
U.K. $390 BILLION
UKRAINE $100 BILLION
CHINA $96 BILLION
Fact: If black money is brought home and added to our GDP of Rs 55 lakh crore our new
GDP would become Rs 363 lakh crore, we will become No. 2 after USA in terms of GDP.
9. Total ‘Black Money’ in economy?
Swiss bank revealed India has more
money than rest of the world.
The second highest, Russia has 4 times
lesser black money as compared to
India.
U.S. is not even there in the counting
in top
five.
India has more money in Swiss banks
than all the other countries combined.
10. Top 5 scams in India.
•2G Spectrum Scam.
•Commonwealth Games Scam.
•Telgi Scam.
•Satyam Scam.
•IPL Scam.
11. 2G Spectrum Scam.
• Known as India’s
biggest scam.
• Person responsible
was telecom
minister Mr. A. Raja.
• Evaded norms at
every level and gave
fictitious licenses.
• Amount involved in
the scam: 1.76 lakh
crores.
Commonwealth
Games Scam.
• Indians hang their
head in shame on
global front.
Revelations by the
Central vigilance
council:
• Discrepancies in
tenders.
• Payments to non-
existing parties.
• Willful delays in
execution of
contracts.
• Over inflating price
of sports
equipment.
• Misappropriation of
funds.
• Person responsible:
Mr. Suresh Kalmadi.
• Amount involved in
the scam: Rs. 35000
crore.
Telgi Scam.
• Abdul Karim Telgi
mastered the art of
preparing fake
stamp papers.
• Sold them to various
banks and other
financial
institutions.
• These stamps were
sold across 12
states.
• Various government
departments were
involved in the
scam.
• Person responsible:
Abdul Karim Telgi.
• Amount involved in
the scam: Rs. 20000
crore.
Satyam Scam.
• The scam that
shattered the
investors:
• The books of
accounts were
fudged.
• Scam took place for
more than a
decade.
• Revenues and profits
were inflated.
• Shareholders were
kept in the dark.
• Biggest corporate
fraud.
• Person responsible :
Mr. Ramalingam
Raju.
• Amount involved:
Rs. 14000 crore.
IPL Scam.
• The Shame behind
entertainment:
• The Indian Premiere
League(IPL) was
considered as the
best form of
entertainment in
the country.
• But slowly its darker
side emerged.
• IPL commissioner Mr.
Lalit Modi and
external affairs
minister Mr. Shashi
Tharoor were the
persons involved.
• Claimed to have
stakes in many IPL
teams.
12. High rates of taxes.
Complicated Tax-laws.
Numerous controls, licenses and other
governmental regulations.
Lack of control by the government.
Lack of awareness among public.
Major reasons for generation of ‘Black
Money’.
Fact:
Fact: Total black money of Indians in other tax haven countries (60 countries) is Rs 158
lakh crore. total black money of Indians outside India (100+158) is Rs 258 lakh crore.
13. Consequences of ‘Black Money’.
Poverty.
Inflation.
Reduces Development.
Illegal transfer of funds from India to other countries.
Fact: In India more than 450 million people live below the poverty line.
14. Amnesty Scheme by the govt.
Simplify/Rationalize tax laws.
Reduce red tapism.
Use technology for economic intelligence.
Co-ordination with other countries.
Stringent laws to curb money laundering/corruption.
Creation of awareness among students on the evil of black money.
Regulation on election spendings and donation to political parties/
organizations.
Measures to be taken to reduce ‘Black
Money’.
Fact: Every year almost 80000 people travels Switzerland. Out of these
around 25000 travels frequently. Those who travel frequently might be
travelling for some reasons, this should be investigated.
15. Conclusions.
Black money has created a big black hole in Indian economy & the entire
burden is beared by the common people of India.
To stop corruption which creates black money, we the people of India have
to come forward to fight against corruption.