The Indian Black Money Saga
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The document summarizes India's Black Money (Undisclosed Foreign Income & Assets) & Imposition of Tax Act of 2015. It provides a one-time 90-day window for holders of undeclared foreign assets to declare them and pay a 60% tax and penalty. Failure to do so within this timeline will result in additional penalties of 90% for a total tax liability of 120% of undisclosed black money. The government collected Rs. 4,147 crore from 638 disclosures under this compliance window. Going forward, India is working with other countries to exchange tax and financial information in order to crack down on undisclosed wealth held abroad.
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Blackmoney ppt final
This document discusses black money in India, including its sources such as illegal activities, movement through hawala systems and Swiss banks, and impact through major scams that have cost India trillions of dollars. It provides details on several large scams like 2G, Coalgate, Commonwealth Games, and IPL and estimates that over 250 scams since 1947 have lost India approximately $20 trillion. It concludes that black money burdens the economy and people through poverty and inflation and that citizens must fight corruption to reduce its creation and impact.
Black money
This document discusses black money in India. It provides information on the sources and movement of black money, including through hawala systems and Swiss banks. Several major scams in India are outlined, totaling an estimated loss of over 20 trillion USD. The 2G spectrum scam under the telecom minister A. Raja and Commonwealth Games scam under Suresh Kalmadi are described in detail. Lastly, the consequences of black money like poverty and reduced development are mentioned, along with measures that could be taken to reduce the impact of black money.
Black money in INDIA
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 in India
This presentation summarizes information about black money in India. It reports that India has $1,500 billion in black money stored in Swiss banks, approximately 13 times larger than India's foreign debt. This money could provide $100,000 to 45 crore poor people. However, the Indian government is not aggressively pursuing this money from Swiss banks. Common sources of black money include corruption, tax evasion, and illegal activities. Politicians and government officials are often involved in generating and using black money. It estimates that black money constitutes 30% of India's GDP and outlines some of the largest corruption scams in India. The consequences of black money include increased poverty, inflation, and reduced development. Steps must be taken to reduce corruption
Black economy in india
This document discusses black economy and black money, defining them as income that remains illegally undeclared to avoid taxes. It notes that India's black economy is estimated to be around 40% of GDP, or Rs. 25 lakh crore. Common sources of black money generation include licensing systems, tax structures, political donations, and ineffective tax enforcement. The impacts include misdirected resources, income inequality, corruption, and transfer of funds overseas. Steps to reduce black money include transparent governance, electronic payments, and voluntary disclosure programs.
Indian black money
Corruption is a serious problem in India, which tops lists for black money worldwide. Several major scams like 2G and Commonwealth Games have involved large amounts of illegally gained money. An estimated 70 lakh crores ($1 trillion) is held in foreign bank accounts, enough to eliminate India's foreign debt or distribute 1 lakh ($1,333) to each of 45 crore poor citizens. Common forms of corruption include fake medicines, tax evasion, judicial corruption, and within the armed forces and media. Citizens can help by educating themselves, distributing information, refusing to pay bribes, and organizing awareness events.
Black Money in India.
Black money refers to funds earned through illegal or underground economic activities that are untaxed. India generates the most black money in the world at $1,456 billion, mostly through corruption, tax evasion, and money laundering. Much of this black money is stored in Swiss bank accounts and moved using hawala networks. Recovering black money could repay India's foreign debt 24 times over and boost the economy tremendously by adding to GDP. However, black money also fuels poverty, inflation, and hinders development. Measures like amnesty schemes, simplifying tax laws, and increasing enforcement could help reduce the generation of black money.
Black Money
Black money refers to funds earned through illegal or underground economic activities that are untaxed. Major sources of black money in India include gambling, tax evasion, drug trafficking, and pirated goods. It is estimated that India has over $1.5 trillion in undeclared funds stashed in Swiss banks alone. Several major scams in India have also involved massive amounts of black money, such as the 2G spectrum scam valued at $1.76 trillion. High tax rates, corruption, lack of transparency, and weak enforcement have allowed black money to flourish in India, with negative economic and social consequences. Measures such as amnesty schemes, simplifying tax laws, international cooperation, and increasing awareness are needed to eliminate the
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Blackmoney ppt final
This document discusses black money in India, including its sources such as illegal activities, movement through hawala systems and Swiss banks, and impact through major scams that have cost India trillions of dollars. It provides details on several large scams like 2G, Coalgate, Commonwealth Games, and IPL and estimates that over 250 scams since 1947 have lost India approximately $20 trillion. It concludes that black money burdens the economy and people through poverty and inflation and that citizens must fight corruption to reduce its creation and impact.
Black money
This document discusses black money in India. It provides information on the sources and movement of black money, including through hawala systems and Swiss banks. Several major scams in India are outlined, totaling an estimated loss of over 20 trillion USD. The 2G spectrum scam under the telecom minister A. Raja and Commonwealth Games scam under Suresh Kalmadi are described in detail. Lastly, the consequences of black money like poverty and reduced development are mentioned, along with measures that could be taken to reduce the impact of black money.
Black money in INDIA
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 in India
This presentation summarizes information about black money in India. It reports that India has $1,500 billion in black money stored in Swiss banks, approximately 13 times larger than India's foreign debt. This money could provide $100,000 to 45 crore poor people. However, the Indian government is not aggressively pursuing this money from Swiss banks. Common sources of black money include corruption, tax evasion, and illegal activities. Politicians and government officials are often involved in generating and using black money. It estimates that black money constitutes 30% of India's GDP and outlines some of the largest corruption scams in India. The consequences of black money include increased poverty, inflation, and reduced development. Steps must be taken to reduce corruption
Black economy in india
This document discusses black economy and black money, defining them as income that remains illegally undeclared to avoid taxes. It notes that India's black economy is estimated to be around 40% of GDP, or Rs. 25 lakh crore. Common sources of black money generation include licensing systems, tax structures, political donations, and ineffective tax enforcement. The impacts include misdirected resources, income inequality, corruption, and transfer of funds overseas. Steps to reduce black money include transparent governance, electronic payments, and voluntary disclosure programs.
Indian black money
Corruption is a serious problem in India, which tops lists for black money worldwide. Several major scams like 2G and Commonwealth Games have involved large amounts of illegally gained money. An estimated 70 lakh crores ($1 trillion) is held in foreign bank accounts, enough to eliminate India's foreign debt or distribute 1 lakh ($1,333) to each of 45 crore poor citizens. Common forms of corruption include fake medicines, tax evasion, judicial corruption, and within the armed forces and media. Citizens can help by educating themselves, distributing information, refusing to pay bribes, and organizing awareness events.
Black Money in India.
Black money refers to funds earned through illegal or underground economic activities that are untaxed. India generates the most black money in the world at $1,456 billion, mostly through corruption, tax evasion, and money laundering. Much of this black money is stored in Swiss bank accounts and moved using hawala networks. Recovering black money could repay India's foreign debt 24 times over and boost the economy tremendously by adding to GDP. However, black money also fuels poverty, inflation, and hinders development. Measures like amnesty schemes, simplifying tax laws, and increasing enforcement could help reduce the generation of black money.
Black Money
Black money refers to funds earned through illegal or underground economic activities that are untaxed. Major sources of black money in India include gambling, tax evasion, drug trafficking, and pirated goods. It is estimated that India has over $1.5 trillion in undeclared funds stashed in Swiss banks alone. Several major scams in India have also involved massive amounts of black money, such as the 2G spectrum scam valued at $1.76 trillion. High tax rates, corruption, lack of transparency, and weak enforcement have allowed black money to flourish in India, with negative economic and social consequences. Measures such as amnesty schemes, simplifying tax laws, international cooperation, and increasing awareness are needed to eliminate the
Indian black money
IN this powerpoint presentation we can know something about indian black money .
and any suggestion please do comment
Black money in indian economy
Black money refers to wealth that is unaccounted for and on which taxes have not been paid. It is estimated that over $1.4 trillion in illegal Indian funds are stored in foreign bank accounts and tax havens. The accumulation of black money has significant negative impacts, including less tax revenue for the government, inflation, poverty, corruption, and distorted economic growth. Proposals to reduce black money include penalties, voluntary disclosure programs, international cooperation, and citizens taking personal responsibility by refusing to pay or accept bribes.
black money
1) Black money refers to wealth that has not been reported to tax authorities and on which taxes have not been paid, while white money refers to legally obtained and declared wealth.
2) India has more money stashed in Swiss banks than any other country, estimated at $1.456 trillion according to a 2006 report. This black money comes from tax evasion, illegal activities, and undisclosed incomes and assets.
3) Retrieving the large amounts of Indian black money hidden in Swiss banks could significantly boost India's economy and development; however, the Indian government has been reluctant to fully pursue this money due to influence from politicians and businesspeople with deposits in Swiss accounts.
Black money final
- The document discusses issues related to black money in India such as the estimated annual spending on social programs like NREGA and the food security bill, and causes of black money such as corruption, tax evasion, and illegal activities.
- It provides an overview of the macroeconomic impacts of black money like inflation and fiscal deficit, and methods used to estimate black money levels like input-output and velocity of money approaches.
- The effects of black money on the Indian economy are outlined as well as government initiatives and suggestions to curb black money such as demonetization, international agreements, and tax reforms.
Presentation1
Black money in India accounts for 20% of GDP, estimated at Rs. 500,000 crore or $100 billion annually. This huge sum exceeds the central government's entire budget and is more than twice India's annual exports. Kerosene, an essential commodity for cooking, is often purchased on the black market due to ration card limits not meeting increasing demand. The Hawala scandal in the 1990s was India's first major political corruption case, involving $18 million in alleged bribes to politicians through hawala brokers with possible connections to militant groups in Kashmir.
Black Money
The document discusses black money, which refers to funds earned through illegal or underground economic activities and not taxed. It notes some sources and movement of black money, such as through hawala systems or depositing in Swiss bank accounts. Some impacts of black money are slow country progress, unequal wealth distribution, recession, inflation, and corruption. Suggested measures to combat black money include international coordination, awareness campaigns, political donation regulations, transparent governance, and individual action.
Overseas Black money …the curse that stops India from developing
The document discusses estimated black money from India held in offshore tax havens. It states that $500 billion (Rs. 25 Lac-crores) of Indian black money is estimated to be held in tax havens. It provides examples of how much development could be enabled in India with that amount of money, such as building roads, power plants, hospitals in every village, and more. It calls for India to take action to pressure tax havens like Switzerland to disclose bank account details and recover black money.
Black money nishmitha
Black money refers to funds earned through illegal means on which taxes have not been paid. In India, a large amount of black money is estimated to be stashed abroad, with some reports indicating over $500 billion in foreign tax havens. Common methods for generating and hiding black money include under-invoicing exports and over-invoicing imports, undisclosed income from cash businesses, and round-tripping of funds where money is taken out of India illegally and brought back. Recent leaks like the Panama Papers have exposed many Indian individuals and politicians with undisclosed funds abroad. The government has introduced various measures and schemes to curb the generation and hoarding of black money.
Black money
The document discusses black money in India and around the world. It notes that India has $1.4 trillion in black money, more than any other country. It lists some of the major scams in India that have contributed to black money. Baba Ramdev led a protest movement in 2011 called Bhrasthachar Mitao Satyagrah to demand that the government bring black money from foreign accounts back to India and take other measures against corruption. The protest was forcibly dispersed by police, and Ramdev was arrested before ending his fast days later.
Black economy in india
The document summarizes the black economy in India. It states that the black economy has grown from 3% in the 1950s to 50% today. Some components of the parallel black economy are tax evasion, smuggling, bribe-taking, and foreign currency racketeering. Statistics show that Indians have accumulated over $1.5 trillion in black money, especially stored in tax havens like Switzerland. Bringing this unaccounted money back could fund infrastructure and development projects and eliminate poverty in India. However, legalizing the massive black economy would require people to declare it and pay taxes, which is unlikely.
Black money ppt
Indian black money refers to undisclosed funds and income earned through illegal means that have not been taxed. Estimates suggest over Rs. 7,280,000 crores of Indian money is deposited in foreign banks, especially Swiss banks. While exact numbers are unknown, Swiss banking officials say Indians are among the largest depositors of illegal foreign money in Switzerland. In 2010, India revised tax agreements with Switzerland to facilitate investigations into black money held in Swiss accounts. A whistleblower provided Wikileaks with a list of famous Indians alleged to have stashed money from activities like mining, stock market manipulation, and drug dealing in Swiss banks since the 1970s.
parallel economy.ppt
This document discusses parallel or black economies. It defines parallel economies as unreported economic activities and explains how they pose threats such as loss of government revenue and incorrect GDP estimations. The document outlines effects of parallel economies like unequal income and wealth distribution and corruption. It then discusses measures governments can take to reduce parallel economies, such as voluntary disclosure schemes, privatization, and international cooperation on foreign black money holdings. Major tax evasion scams in India are also listed with estimated amounts. The conclusion estimates India has the highest amount of black money globally at $1,456 billion.
Regulation on black money- Step in the right direction PPT
In ancient times, India was known as the "Golden Bird" because its people worked cooperatively and honestly. Black money refers to illegally obtained or unreported funds. It can come from smuggling, bribery, drug trafficking, and tax evasion. Historically, black money accumulated due to shortages during World War II, faulty taxation systems, and large public spending. Today, black money is generated through hawala networks and the gold trade, as well as under-reporting of business activities and property values. The government has taken steps to curb black money domestically through policies like mandatory PAN quoting and encouraging cashless transactions, and internationally by signing treaties on information exchange and tax compliance.
Black money
The document discusses black money in India, which refers to assets that have not been reported to tax authorities. It was generated through illegal means like smuggling or tax evasion, and also legal activities manipulated to avoid taxes. Estimates of black money's size use input-output, monetary circulation, and survey approaches. If black money returns to India, it could reduce fiscal deficits and inflation but also increase inequality and impact banking systems and currency value. The government faces challenges in obtaining details of offshore accounts and assets and ensuring foreign investments are not laundered black money.
BLACK MONEY
1) Black money refers to assets and resources that have not been reported to tax authorities and remain undisclosed. It includes money earned from corrupt activities like bribes.
2) There are four types of economic activities - innovative enterprises that comply with regulations, an informal sector with unreported transactions, an underground economy involving corruption, and an "intellectual corruption" sector that uses policy manipulation.
3) While most money is created through hard work, a small minority owns most wealth through corruption. This diverts resources away from innovation towards speculation.
Black Money and its Impact on Indian Economy
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 economy
The document discusses the black economy in India. It defines the black economy as the hidden sector where cash transactions go unreported, including trades, goods and services not part of the official economy. A large portion of the black economy, estimated at 50% of GDP in 2012-13, is controlled by the top 3% of the population. This exacerbates inequality. The black economy undermines the macroeconomy, sectors like education and health, and weakens democracy. Tough steps are needed like getting details from Swiss banks, replacing high denomination notes, and increasing public awareness, to resolve its negative impacts on India's growth.
Economics report on black money
This document summarizes several estimates of the amount of black money in India's economy from the 1960s to the 1970s. It discusses commissions formed by the Indian government to study the issue. Estimates of black money ranged from Rs. 700 crores to Rs. 1800 crores for 1961-1962 and 1965-1966, increasing to Rs. 1400 crores by 1969-1970 according to the Wanchoo Committee. Later estimates by Rangnekar, Chopra and Gupta et al. found higher amounts of black money reaching billions of rupees by the late 1970s, accounting for a growing percentage of India's GDP. The commissions found correlations between a stronger economy, higher taxes and inflation with greater opportunities and
Black money
Black money refers to funds generated through illegal activities that are unreported to tax authorities. It exists in cash form and is often stored in secret overseas bank accounts. Common sources of black money include gambling, drug trafficking, tax evasion, and political corruption. India is estimated to have over $1.4 trillion of undisclosed funds stored in Swiss banks alone. Recovering this black money could help fund critical infrastructure and development projects in India. However, its return could also cause economic issues like inflation if not managed properly by the government. Citizens need to actively fight corruption to reduce the generation of new black money.
How can we reduce Black Money in India?
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.
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Indian black money
IN this powerpoint presentation we can know something about indian black money .
and any suggestion please do comment
Black money in indian economy
Black money refers to wealth that is unaccounted for and on which taxes have not been paid. It is estimated that over $1.4 trillion in illegal Indian funds are stored in foreign bank accounts and tax havens. The accumulation of black money has significant negative impacts, including less tax revenue for the government, inflation, poverty, corruption, and distorted economic growth. Proposals to reduce black money include penalties, voluntary disclosure programs, international cooperation, and citizens taking personal responsibility by refusing to pay or accept bribes.
black money
1) Black money refers to wealth that has not been reported to tax authorities and on which taxes have not been paid, while white money refers to legally obtained and declared wealth.
2) India has more money stashed in Swiss banks than any other country, estimated at $1.456 trillion according to a 2006 report. This black money comes from tax evasion, illegal activities, and undisclosed incomes and assets.
3) Retrieving the large amounts of Indian black money hidden in Swiss banks could significantly boost India's economy and development; however, the Indian government has been reluctant to fully pursue this money due to influence from politicians and businesspeople with deposits in Swiss accounts.
Black money final
- The document discusses issues related to black money in India such as the estimated annual spending on social programs like NREGA and the food security bill, and causes of black money such as corruption, tax evasion, and illegal activities.
- It provides an overview of the macroeconomic impacts of black money like inflation and fiscal deficit, and methods used to estimate black money levels like input-output and velocity of money approaches.
- The effects of black money on the Indian economy are outlined as well as government initiatives and suggestions to curb black money such as demonetization, international agreements, and tax reforms.
Presentation1
Black money in India accounts for 20% of GDP, estimated at Rs. 500,000 crore or $100 billion annually. This huge sum exceeds the central government's entire budget and is more than twice India's annual exports. Kerosene, an essential commodity for cooking, is often purchased on the black market due to ration card limits not meeting increasing demand. The Hawala scandal in the 1990s was India's first major political corruption case, involving $18 million in alleged bribes to politicians through hawala brokers with possible connections to militant groups in Kashmir.
Black Money
The document discusses black money, which refers to funds earned through illegal or underground economic activities and not taxed. It notes some sources and movement of black money, such as through hawala systems or depositing in Swiss bank accounts. Some impacts of black money are slow country progress, unequal wealth distribution, recession, inflation, and corruption. Suggested measures to combat black money include international coordination, awareness campaigns, political donation regulations, transparent governance, and individual action.
Overseas Black money …the curse that stops India from developing
The document discusses estimated black money from India held in offshore tax havens. It states that $500 billion (Rs. 25 Lac-crores) of Indian black money is estimated to be held in tax havens. It provides examples of how much development could be enabled in India with that amount of money, such as building roads, power plants, hospitals in every village, and more. It calls for India to take action to pressure tax havens like Switzerland to disclose bank account details and recover black money.
Black money nishmitha
Black money refers to funds earned through illegal means on which taxes have not been paid. In India, a large amount of black money is estimated to be stashed abroad, with some reports indicating over $500 billion in foreign tax havens. Common methods for generating and hiding black money include under-invoicing exports and over-invoicing imports, undisclosed income from cash businesses, and round-tripping of funds where money is taken out of India illegally and brought back. Recent leaks like the Panama Papers have exposed many Indian individuals and politicians with undisclosed funds abroad. The government has introduced various measures and schemes to curb the generation and hoarding of black money.
Black money
The document discusses black money in India and around the world. It notes that India has $1.4 trillion in black money, more than any other country. It lists some of the major scams in India that have contributed to black money. Baba Ramdev led a protest movement in 2011 called Bhrasthachar Mitao Satyagrah to demand that the government bring black money from foreign accounts back to India and take other measures against corruption. The protest was forcibly dispersed by police, and Ramdev was arrested before ending his fast days later.
Black economy in india
The document summarizes the black economy in India. It states that the black economy has grown from 3% in the 1950s to 50% today. Some components of the parallel black economy are tax evasion, smuggling, bribe-taking, and foreign currency racketeering. Statistics show that Indians have accumulated over $1.5 trillion in black money, especially stored in tax havens like Switzerland. Bringing this unaccounted money back could fund infrastructure and development projects and eliminate poverty in India. However, legalizing the massive black economy would require people to declare it and pay taxes, which is unlikely.
Black money ppt
Indian black money refers to undisclosed funds and income earned through illegal means that have not been taxed. Estimates suggest over Rs. 7,280,000 crores of Indian money is deposited in foreign banks, especially Swiss banks. While exact numbers are unknown, Swiss banking officials say Indians are among the largest depositors of illegal foreign money in Switzerland. In 2010, India revised tax agreements with Switzerland to facilitate investigations into black money held in Swiss accounts. A whistleblower provided Wikileaks with a list of famous Indians alleged to have stashed money from activities like mining, stock market manipulation, and drug dealing in Swiss banks since the 1970s.
parallel economy.ppt
This document discusses parallel or black economies. It defines parallel economies as unreported economic activities and explains how they pose threats such as loss of government revenue and incorrect GDP estimations. The document outlines effects of parallel economies like unequal income and wealth distribution and corruption. It then discusses measures governments can take to reduce parallel economies, such as voluntary disclosure schemes, privatization, and international cooperation on foreign black money holdings. Major tax evasion scams in India are also listed with estimated amounts. The conclusion estimates India has the highest amount of black money globally at $1,456 billion.
Regulation on black money- Step in the right direction PPT
In ancient times, India was known as the "Golden Bird" because its people worked cooperatively and honestly. Black money refers to illegally obtained or unreported funds. It can come from smuggling, bribery, drug trafficking, and tax evasion. Historically, black money accumulated due to shortages during World War II, faulty taxation systems, and large public spending. Today, black money is generated through hawala networks and the gold trade, as well as under-reporting of business activities and property values. The government has taken steps to curb black money domestically through policies like mandatory PAN quoting and encouraging cashless transactions, and internationally by signing treaties on information exchange and tax compliance.
Black money
The document discusses black money in India, which refers to assets that have not been reported to tax authorities. It was generated through illegal means like smuggling or tax evasion, and also legal activities manipulated to avoid taxes. Estimates of black money's size use input-output, monetary circulation, and survey approaches. If black money returns to India, it could reduce fiscal deficits and inflation but also increase inequality and impact banking systems and currency value. The government faces challenges in obtaining details of offshore accounts and assets and ensuring foreign investments are not laundered black money.
BLACK MONEY
1) Black money refers to assets and resources that have not been reported to tax authorities and remain undisclosed. It includes money earned from corrupt activities like bribes.
2) There are four types of economic activities - innovative enterprises that comply with regulations, an informal sector with unreported transactions, an underground economy involving corruption, and an "intellectual corruption" sector that uses policy manipulation.
3) While most money is created through hard work, a small minority owns most wealth through corruption. This diverts resources away from innovation towards speculation.
Black Money and its Impact on Indian Economy
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 economy
The document discusses the black economy in India. It defines the black economy as the hidden sector where cash transactions go unreported, including trades, goods and services not part of the official economy. A large portion of the black economy, estimated at 50% of GDP in 2012-13, is controlled by the top 3% of the population. This exacerbates inequality. The black economy undermines the macroeconomy, sectors like education and health, and weakens democracy. Tough steps are needed like getting details from Swiss banks, replacing high denomination notes, and increasing public awareness, to resolve its negative impacts on India's growth.
Economics report on black money
This document summarizes several estimates of the amount of black money in India's economy from the 1960s to the 1970s. It discusses commissions formed by the Indian government to study the issue. Estimates of black money ranged from Rs. 700 crores to Rs. 1800 crores for 1961-1962 and 1965-1966, increasing to Rs. 1400 crores by 1969-1970 according to the Wanchoo Committee. Later estimates by Rangnekar, Chopra and Gupta et al. found higher amounts of black money reaching billions of rupees by the late 1970s, accounting for a growing percentage of India's GDP. The commissions found correlations between a stronger economy, higher taxes and inflation with greater opportunities and
Black money
Black money refers to funds generated through illegal activities that are unreported to tax authorities. It exists in cash form and is often stored in secret overseas bank accounts. Common sources of black money include gambling, drug trafficking, tax evasion, and political corruption. India is estimated to have over $1.4 trillion of undisclosed funds stored in Swiss banks alone. Recovering this black money could help fund critical infrastructure and development projects in India. However, its return could also cause economic issues like inflation if not managed properly by the government. Citizens need to actively fight corruption to reduce the generation of new black money.
How can we reduce Black Money in India?
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.
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Overseas Black money …the curse that stops India from developing
Overseas Black money …the curse that stops India from developing
Regulation on black money- Step in the right direction PPT
Regulation on black money- Step in the right direction PPT
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The High Court Committee meeting discussed three NSEL defaulters, including Vimladevi Agrotech Ltd, which owes Rs 13.94 crores to NSEL. Vimladevi Agrotech filed an affidavit stating documents requested by the Committee were with the Economic Offences Wing, but the Committee found Vimladevi did not comply with their previous directions and made no statements about providing documents. Therefore, the Committee agreed with NSEL's suggestion that Vimladevi is not cooperating and the matter should be taken up directly by the High Court, as Vimladevi showed no intention of complying with the Court's directions.
Merger of SEBI and FMC
The document discusses the history and regulation of commodity and securities markets in India. It summarizes that the Forward Markets Commission regulated commodities markets since 1953 while SEBI regulated securities markets since 1988. It proposes merging these regulators and other financial regulators into a single Unified Financial Agency to regulate the financial sector. The merger of FMC into SEBI is also discussed to increase regulatory scope, scale, and address issues like the 2013 National Spot Exchange crisis. SEBI has now established departments and transferred officials to regulate the commodities market, though some expertise will need to be developed.
HCC Proceedings of NSEL Defaulters
The document summarizes proceedings from a HCC meeting regarding defaulters in the NSEL case. Several parties such as Aastha Minmet, Yathuri Associates, Namdhari Foods, White Water, and P.D. Agro Processors were directed to submit documents, respond to affidavits, and appear at future meetings to determine their liabilities and comply with court orders. Many of the parties did not attend or provide the requested documents, and the committee discussed recommending actions against them to the Bombay High Court. The matters for all the listed defaulters were then adjourned until October 10, 2015.
Greedy Online Vandals Misusing Social Media
Greedy traders and their vested interest group who are misusing social media to obstruct and derail the path to justice.
Indians making India proud
This document highlights several Indians who have developed innovative solutions to various problems. It describes Anirudh Sharma's haptic shoes to guide the blind, Shubham Banerjee's Braille printer made from Lego blocks, Mansukh Bhai Prajapati's electricity-free clay fridge, Gautam Kumar's gas leak alarm, Amol Suhas Ghemud's adventure activities website TrekTo, Deepak Ravindran's SMS-based internet access for feature phones, and Harsh Songra's app to help parents screen for mental disorders in children. The document encourages applying new approaches rather than the same thinking that created problems.
Truth of ftil’s shake down collude
Maharashtra Protection of Interest of Depositors (MPID) court observed a delay in liquidation of attached properties of NSEL Defaulters
Fmc being mute spectator in nsel crisis
The document criticizes the Forward Markets Commission (FMC) for its role as a mute spectator during the 2013 National Spot Exchange (NSEL) crisis. It alleges that despite NSEL sharing information with FMC for years, FMC wrongly advised the government to abruptly close NSEL. It also questions why FMC allowed NSEL to operate for so long if it was violating norms from the beginning. Furthermore, the document claims FMC overstepped its powers by recommending the merger of NSEL and FTIL and changing FTIL's board. It argues FMC failed to take actions like SEBI did in a similar 2008 crisis, and has passed pecuniary benefits to defaulters and brokers while remaining silent about broker involvement in money laund
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Quantico
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Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTD
Court Proceedings of NSEL Defaulter VIMLADEVI AGROTECH LTD
What Happens When You Own Google.com For A Minute?
What Happens When You Own Google.com For A Minute?
Similar to The Indian Black Money Saga
Regulation to curb black money and benami transaction
The document summarizes regulations to curb black money and benami transactions in India. It defines black money as income on which taxes have not been paid and benami transactions as transactions done without official documentation between two parties in trust. Sources of black money are identified as income from illegal activities and tax evasion on legal income. Regulations discussed include the Black Money Act, FATCA, demonetization, increased reporting requirements, and the Benami Transactions Prohibition Amendment Act, which defines benami transactions and outlines penalties for participation including imprisonment and fines based on the fair market value of properties. The amendment aims to curb black money held overseas and domestically.
Black Money Act - Sandeep Jhunjhunwala - ICSI Study Circle
The document summarizes the key aspects of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. It explains that the Act aims to tax undisclosed foreign income and assets held by resident individuals and companies in India. Some key points covered include:
- Who qualifies as an assessee under the Act based on residency conditions.
- How undisclosed foreign income and assets located outside India are defined and the flat 30% tax rate imposed on them.
- Exclusions from undisclosed foreign income and the computation of total undisclosed foreign income and value of undisclosed foreign assets.
- Key charging provisions and consequences for non-compliance including penalties and prosecutions.
Undisclosed foreign income and assets and imposition of tax act
The Black Money Act of India has garnered a lot of attention in India and abroad. It is being projected as a harsh law to tackle the menace of unaccounted wealth accumulated in foreign countries by Indians. This presentation gives some idea about the various provisions of the law.
The BMR View UnFINA & Money Laundering In India
While a lot has been said and written about Undisclosed Foreign Income and Assets (Imposition of Tax) Bill (UnFINA) over the last few days, most of this is based on the bill’s sections, directives and penalties, as cleared by the Cabinet. The conversations around UnFINA have been relegated to the number of years of imprisonment, fines and percentage of penalties. In our view this has led to a case of missing the forest for the trees. I look forward to your inputs on the proposed law and its effects on the general politico-economic environment in India
The BMR View - Black Money Act (2015
While a lot has been said and written about The Black Money Bill (2015) over the last few months, most of this is based on the bill’s sections, directives and penalties, as cleared by the Cabinet. The conversations around this bill have been relegated to the number of years of imprisonment, fines and percentage of penalties. In our view this has led to a case of missing the forest for the trees.
Presentation on Black Money Bill 2015
The document summarizes key aspects of the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 in India. It discusses (1) the background and objectives of the bill which are to tax undisclosed foreign income and assets and punish those generating illegitimate money, (2) key features of the bill including penalties for concealment of foreign income/assets and criminal liability for tax evasion, and (3) important definitions related to the bill such as "resident", "undisclosed foreign income and asset", and rules around computing total undisclosed income and disallowing expenses/losses against such income.
Black money act article
Prime Minister Modi announced that Rs. 6,500 crore of undisclosed income had been declared under the Black Money Act as part of a one-time compliance window. This allows those with undisclosed foreign assets to declare them by September 30, 2015 by paying a tax and penalty totaling 60% of the assets' fair market value to receive amnesty. The Act aims to curb black money and targets undisclosed foreign income and assets not previously declared in tax returns, imposing a 30% tax on such amounts. It provides an opportunity for tax evaders to come clean before more stringent provisions take effect.
Curbing of black money
The initiatives proposed by honourable Finance Minister in his budget speech on February 28, 2016 to effectively deal with the problem of black money, which eats into vitals of our society and economy, are highly commendable. The measures initiated by the government in the last nine months to bring back the black money in Swiss Banks has already brought very fruitful results and the names and the details of possible offenders have already been disclosed to Special Investigation Team set up by honorable Supreme Court.
Undisclosed foreign income and assets(imposition of taxes) bill, 2015
A comprehensive presentation on the proposed Undsclosed Foreign Income and Assets(Imposition of taxes) Bill, 2015. The move by the government to tackle black money stashed abroad to bring back to India. Including the Jurisprudence of the Bill, scope, coverage, definitions, explanation, penalties and prosecution and impact. Guidance what to do if you have any foreign land, house or property
Tax Fraud
Tax fraud occurs when an individual or entity underreports income or overstates deductions on a tax return to reduce the amount of taxes owed. In India, major areas of tax fraud include falsification of invoices, unreported income, and bribery of tax officials. The Indian government estimates an annual loss of 14 trillion rupees from tax evasion. Recent government efforts to curb fraud include new laws targeting undisclosed foreign assets, a proposed nationwide goods and services tax, and increased use of technology in tax administration. However, tax fraud remains a significant problem in India due to complex tax laws, weak enforcement, and corruption. Simplification of the tax system and improved monitoring are needed to further reduce the prevalence of tax evasion.
DTAA black money bankruptcy code
The document discusses several topics related to India's efforts to address black money and tax evasion. It provides details on:
1) The estimated amounts of black money in India according to various reports, ranging from 45-70% of GDP.
2) India's ranking of 5th in illicit financial outflows according to a 2013 Global Financial Integrity report estimating $466 billion in illegally stashed funds overseas.
3) Recent efforts like the Income Declaration Scheme, amendments to tax treaties with Mauritius, and BEPS have aimed to curb black money and tax evasion but major success has remained elusive as most data comes from foreign sources like HSBC and Mossack Fonseca leaks.
TransPrice Times - Special Edition - Decoding the Black Money Act
Dear Readers,
To check the black money menace, the Government of India recently introduced ‘The Black Money Act’, the provisions of which are applicable from 1 July 2015.
The Act provides for a short window till 30 September 2015 for voluntary disclosures, post which draconian penalties would be applicable on non-disclosures of assets held in foreign land.
We are pleased to present TransPrice Special Edition titled ‘Decoding the Black Money Act’ which gives you a quick snapshot of the various provisions of the Act. This edition will enable you to understand various compliances and penalties for varied situations in which the assets were acquired outside India.
In case you need any clarifications, please feel free to get in touch.
Trust you will find it useful.
Happy reading !
Taxation law
The document discusses fundamental principles relating to tax laws and concepts that should guide governments in designing equitable taxation regimes. It outlines 11 such principles - including adequacy, broad basing taxes, compatibility between different taxes, convenience for taxpayers, and equity. It also discusses constitutional limitations on taxation powers in India, important case laws, the distinction between taxes, duties, fees and cess. Other concepts covered include tax avoidance vs. tax evasion, double taxation, tax planning vs. tax management, an overview of tax litigation processes, and resolving disputes through various administrative and quasi-judicial mechanisms before approaching courts.
Notes on Taxation law
The document discusses several key concepts relating to tax laws and litigation in India. It outlines 11 fundamental principles that should guide tax law design, including adequacy, equity, simplicity and predictability. It also describes constitutional limitations on taxation powers in India, important case laws, and distinguishes between taxes, duties, fees and cess. Other sections summarize tax avoidance versus evasion, double taxation, tax planning versus management, and mechanisms for resolving tax disputes such as appeals processes, advance rulings and advance pricing agreements.
Types of Taxes
The document appears to contain information about various Indian taxes including income tax, sales tax, wealth tax, and service tax. It provides definitions and key details about the different types of taxes such as the tax rates, applicable entities, exemptions, and controversies in certain areas. It also summarizes the objectives and issues with some of these taxes in India.
Pakistan: Tax Amnesty Scheme
The government of Pakistan has announced another tax amnesty package that allows citizens to declare previously undeclared local incomes and foreign currency holdings at reduced penalties. While amnesties may attract some funds, they provide immunity and weaken accountability laws. Past amnesties yielded minimal new tax revenues. For real reform, Pakistan needs to strengthen tax administration and audit functions, and fully utilize agreements with other countries to repatriate illicit wealth offshore.
Gaar
GAAR is a set of broad rules introduced by the Indian government to prevent tax avoidance. It allows tax authorities to deny tax benefits from "impermissible avoidance arrangements" that lack commercial purpose or result in a misuse of tax treaty provisions. While aimed at stopping abusive tax avoidance, critics argue GAAR gives too much power to tax authorities and could discourage foreign investment if applied arbitrarily. The Shome Committee recommended safeguards like monetary thresholds and appeals processes before GAAR is invoked to address these concerns. Overall, GAAR remains a controversial but important measure for curbing tax avoidance so long as it is implemented judiciously.
Personal Tax Management
Personal financial management involves managing an individual's or family's monetary resources over time. It includes income from employment, savings and investments, expenses, taxes, and planning for life events. Effective tax planning can help reduce tax liability by taking advantage of exemptions, deductions, rebates and allowances within the law. It involves organizing one's finances to structure income and expenses to minimize taxes owed. Proper tax planning ensures taxes are paid on time while maximizing wealth accumulation for life goals and financial security.
Gst, black money & tx evasion
This document discusses GST, black money, and tax evasion in India. It provides details on key aspects of GST including how it will replace existing indirect taxes, make the country a single market, and simplify compliance. It also describes common sources of black money such as illegal activities and defines tax evasion as illegal non-payment or underpayment of taxes through misrepresentation or false reporting. Common tax evasion techniques like smuggling, fake receipts, and personal expenses claimed as business costs are outlined.
Understanding Indian Tax Evasion & Its Consequences.pdf
Tax evasion is an illicit practice used by people and businesses to evade paying taxes. In India, there are several ways to avoid paying income taxes. Since taxes are regarded as a significant source of funding for the government, tax evaders are subject to penalties imposed by the Indian government.
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Regulation to curb black money and benami transaction
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Black Money Act - Sandeep Jhunjhunwala - ICSI Study Circle
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Undisclosed foreign income and assets and imposition of tax act
Undisclosed foreign income and assets and imposition of tax act
Undisclosed foreign income and assets(imposition of taxes) bill, 2015
Undisclosed foreign income and assets(imposition of taxes) bill, 2015
TransPrice Times - Special Edition - Decoding the Black Money Act
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Understanding Indian Tax Evasion & Its Consequences.pdf
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FTIL –NSEL Merger not justified
The document discusses a proposed merger between FTIL and NSEL, arguing that it is unjust towards FTIL shareholders and not in the public interest. It claims the merger tries to force approval without shareholder consent, that NSEL's liability is still uncertain under ongoing legal proceedings, and that the merger resolution should not come at the cost of shareholders' interests contrary to Companies Act regulations.
Nsel’s role in recovery
The document summarizes NSEL's current role in recovery efforts following its default crisis. It notes that NSEL is solely focused on recovery operations to ensure genuine clients receive their claims. While NSEL has filed numerous lawsuits and assisted government agencies to trace and freeze defaulter assets, the document states that the FMC has provided no support to NSEL in the recovery process and has not used its powers to liquidate frozen defaulter assets or make funds available for distribution. The document outlines several measures NSEL has taken for recovery, including signing settlement agreements, identifying over 400 defaulter assets, and filing various legal petitions and complaints.
Late Night Eateries in Mumbai
This document provides information on late night eateries in Mumbai, India. It describes 10 restaurants that are open late and serve food through the night. These include Vista at the Taj Lands End hotel, which has ocean views and serves Western, Indian, and Oriental cuisine. Another option is Trattoria at the Taj President hotel, known for its Italian food and being open 24 hours. A third recommendation is Zaffran, which serves authentic Mughlai dishes as well as Chinese and Italian options.
Highlights of PM Modi's UK Tour
PM Modi's UK tour was a success in reinforcing India's status as a rising global power. Over $13.7 billion in trade agreements were signed between Indian and UK companies. Major investments proposed include $3 billion by Lightsource in Indian solar energy and $100 million by Indiabulls in a UK bank. The tour highlighted growing economic, cultural, and diplomatic ties between the two countries.
Forced merger of nsel ftil will corrode investors’ sureness
The document discusses a proposed forced merger between the National Spot Exchange (NSEL) and Financial Technologies India Ltd (FTIL) ordered by the Ministry of Corporate Affairs of India (MCA) to resolve an alleged payment crisis at NSEL. The summary argues that the merger will erode investor confidence, sets a poor precedent for India's corporate landscape, and ignores FTIL shareholders' interests. It questions why only FTIL is being targeted under Section 396 instead of also pursuing brokers and defaulters linked to the non-payment. The document concludes that the commodities regulator should take action against other responsible parties instead of solely focusing on FTIL.
Perfumes – Celebrity Impressions
This document provides an overview of perfumes and celebrity fragrances. It discusses the history and composition of perfumes, explaining the different fragrance types based on concentration of aromatic compounds. It then profiles several celebrity fragrances, describing the scent notes and branding strategies for perfumes by Rihanna, Cristiano Ronaldo, Madonna, Elizabeth Taylor, Britney Spears, and Donald Trump. Tips are also provided on applying and storing perfumes for optimal scent.
Bollywood Hollywood
This document provides information on Bollywood actors who have appeared in Hollywood films and vice versa, including their notable roles. It discusses Aishwarya Rai Bachchan, Anil Kapoor, Anupam Kher, Irrfan Khan, Tabu, Freida Pinto appearing in films like The Pink Panther 2, Slumdog Millionaire, Silver Linings Playbook, and The Namesake. It also mentions Sylvester Stallone, Denise Richards, Ben Kingsley, Barbara Mori, Clive Standen, and Rebecca Breeds starring in Bollywood movies like Kambakht Ishq, Kites, Teen Patti, Namastey London, and B
Outcome of High Court Committee Meetings
The document summarizes outcomes from recent High Court Committee meetings regarding the National Spot Exchange Limited crisis. At a meeting on August 21, 2015, the court heard from defaulters Yathuri Associates, with an outstanding amount of Rs. 399.60 cr, and Aastha Group, with an outstanding amount of Rs. 241.75 cr. Yathuri provided required documents while Aastha Group submitted incomplete bank statements. The recovery process from NSEL defaulters has taken over a year with no substantial results, and trading clients who lost money are still waiting for justice.
10 Weird Food Festivals
Food is one of our basic necessities. However food is also celebrated on a large scale throughout the world & sometimes it can even get weird, Lets have a closer look
Wondrous Wimbledon
Wondrous Wimbledon provides interesting facts about the oldest and most prestigious tennis tournament in the world. Some key details include that grass on the courts is cut exactly 8 millimeters high, over 40,000 tennis balls are used each year, and strawberries and cream have been served since 1877. The museum houses artifacts dating back to 1555 and over 50,000 plants are supplied annually to decorate the grounds in traditional purple, green, and white colors. Famous brands provide accessories in the tournament's signature hues to complement outfits for fans attending The Championships.
Deputy Collector Sakhare dawdles on defaulter assets
The sale of Attached NSEL Defaulter Assets are in Deputy Collector Sakhare hands. The onus of disposing off these assets in conformity with the HCC’s order lies fully upon Sakhare. Why have the assets not been disposed as yet?
FMC's unfairness towards FTIL-NSEL merger
FMC has been unfair to NSEL in the NSEL crisis. They have also shown a continuous inclination towards the FTIL-NSEL merger which may not be in the best interest of all parties of FTIL and NSEL
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Forced merger of nsel ftil will corrode investors’ sureness
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Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
原件一模一样【微信：bwp0011】《(RWTH毕业证书)德国亚琛工业大学毕业证》【微信：bwp0011】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
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◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
快速办理(美国Fordham毕业证书)福德汉姆大学毕业证学历证书一模一样
学校原件一模一样【微信：741003700 】《(美国Fordham毕业证书)福德汉姆大学毕业证学历证书》【微信：741003700 】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
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二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Economic Risk Factor Update: June 2024 [SlideShare]
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
RMIT硕士学位证成绩单【微信95270640】《皇家墨尔本理工大学毕业证书》《QQ微信95270640》学位证书电子版：在线制作皇家墨尔本理工大学毕业证成绩单GPA修改（制作RMIT毕业证成绩单RMIT文凭证书样本）、皇家墨尔本理工大学毕业证书与成绩单样本图片、《RMIT学历证书学位证书》、皇家墨尔本理工大学毕业证案例毕业证书制作軟體、在线制作加拿大硕士学历证书真实可查.
【本科硕士】皇家墨尔本理工大学皇家墨尔本理工大学本科学位证成绩单（GPA修改）；学历认证（教育部认证）；大学Offer录取通知书留信认证使馆认证；雅思语言证书等高仿类证书。
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我们对海外大学及学院的毕业证成绩单所使用的材料尺寸大小防伪结构（包括：皇家墨尔本理工大学皇家墨尔本理工大学本科学位证成绩单隐形水印阴影底纹钢印LOGO烫金烫银LOGO烫金烫银复合重叠。文字图案浮雕激光镭射紫外荧光温感复印防伪）都有原版本文凭对照。质量得到了广大海外客户群体的认可同时和海外学校留学中介做到与时俱进及时掌握各大院校的（毕业证成绩单资格证结业证录取通知书在读证明等相关材料）的版本更新信息能够在第一时间掌握最新的海外学历文凭的样版尺寸大小纸张材质防伪技术等等并在第一时间收集到原版实物以求达到客户的需求。
本公司还可以按照客户原版印刷制作且能够达到客户理想的要求。有需要办理证件的客户请联系我们在线客服中心微信：95270640 或咨询在线父亲的家很狭小除了一张单人床和一张小方桌几乎没有多余的空间山娃一下子就联想起学校的男小便处山娃很想笑却怎么也笑不出来山娃很迷惑父亲的家除了一扇小铁门连窗户也没有墓穴一般阴森森有些骇人父亲的城也便成了山娃的城父亲的家也便成了山娃的家父亲让山娃呆在屋里做作业看电视最多只能在门口透透气不能跟陌生人搭腔更不能乱跑一怕迷路二怕拐子拐人山娃很惊惧去年村里的田鸡就因为跟父亲进城一不小心被人拐跑了至今不见踪影害不
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The Indian Black Money Saga
- 1. The Indian Black Money Saga
- 2. Black Money (Undisclosed Foreign Income & Assets) & Imposition of Tax Act, 2015 Act aims to curb black money or undisclosed foreign assets & income & imposes tax & penalty on such income Passed by both Houses of Parliament Received assent of President of India on 26 May 2015 Came into effect from 01July 2015 Allows levy of tax in India on assets kept abroad Act Includes ◦ Provisions to deal with problem of Black money that is undisclosed foreign income & assets ◦ Procedure for dealing with such income & assets ◦ Provides for imposition of tax on any undisclosed foreign income & asset held outside India ◦ For matters connected therewith or incidental thereto
- 3. Declaration of Foreign Assets One-time 90-day compliance window provided to holders of undeclared foreign assets ended September 30 Provided an opportunity to foreign assets holders to declared assets Payment of a total of 60% tax & penalty & escape stringent provisions of new Black Money law
- 4. The Penalty Law provides for a compliance window for declaring & paying penalty Failure to meet compliance timeline will attract an additional penalty of 90 % for a total tax liability of 120 percent on the quantum of black money stashed abroad
- 5. Black Money Amount Declared Government collected Rs 4,147 cr during black money disclosure compliance window Revised figure took into account declarations that came via envelops This is higher than previously announced amount of Rs 3,770 Previous amount announced was based on a preliminary count Total number of disclosures remains 638 Total tax receipt from black money declared during window would be Rs 2,488.20 crores
- 6. Help from Foreign allies to dig deeper into Black Money data India has found global allies in its fight against black money Germany, France, Switzerland, Singapore, Mauritius & the British Virgin Islands are among those providing information or will soon start doing so Information will be on assets held by Indians to help crack down on unaccounted wealth Freer exchange of financial information is possible due to accords such as Foreign Account Tax Compliance Act (Fatca) with US
- 7. G20 Brisbane Summit At G20 nations Brisbane summit leaders endorsed a new global transparency standard Standard states allows more than 90 jurisdictions to automatically exchange tax information A common reporting standard to automatically exchange tax information should be effective by 2017-18
- 8. Present Black Money Situation in India Finance Minister Arun Jaitley justifiably pointed out that bulk of black money was within India Multiple mechanisms are in existence which create & perpetuate black money Black money is also allowed to move into India through various mechanisms
- 9. Is the Government’s move to curb Black Money Justified? Government has insisted on a strong approach to black money However government might have chosen wrong ways to go about curbing the menace Government has imposed harsh & severe laws that give too much power to the already intimidating taxman Structural as well as legal & policy changes are needed Changes in structure & policies may minimize creation & transfer of black money The executive & regulators have fallen short
- 10. Conclusion Need to minimize India's black economy is urgent However focus should be on regulatory & policy fixes With effective information-sharing ability of Indians to hide their assets overseas will disappear fast Like US, India should negotiate with tax havens better to secure past information From 2017, most countries will automatically exchange information on tax-evaders India will be able to establish audit trails on complex deals in future Government should also mandate companies to identify their real owners & make the registry public We must pull out all the stops to fight black money
- 11. THANK you Images are for representation purposes only