BLACK MONEY

** These days we hear a lot about Black money. Black money does not mean forged currency. Instead,it means the unaccounted for wealth which is earned by the individuals and the firms duping the laws of the land.**

• We are required to earn money by fair sourses and then to pay taxes according to law but when we avoid it,the money so earned become black money. According to Dr. Vibhasi,black money is that profit which is not recorded in the accounts books. It is estimated that every year Rs.400 crore is added to as black money, which is nearly 20% of the national income. It is said that the Indian black money,if it is brought out would be able to run the national economy without any foreign funds. Besides the economy generated by black money is so powerful that it could wipe out all the debts of the International business due to its financial abilities and reach.*