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India's Mushrooming Black Economy....
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Black Money, Fraud, Cheating, Money Laundering, Parallel Economy, Booming Black Economy..
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Law, Public Sector/Government, Power, Textile, Oil & Gas, Construction
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About "India's Mushrooming Black Economy...." topic:
As India's economic ministers patted one another's backs last week, taking credit for the country's gross domestic product (GDP) recording its second consecutive year of more than 9% growth, attention turned to the problem of the parallel "black" economy - the one that remains off the books and beyond the reach of the taxmen.
Indeed, it is an economic problem that India has been fighting for decades. Yet even as successive governments have claimed that the aggressive liberalization of the past 18 years has been able to weed out much of the black economy, it is still thriving and the country can't really function without it.
Indeed, it is an economic problem that India has been fighting for decades. Yet even as successive governments have claimed that the aggressive liberalization of the past 18 years has been able to weed out much of the black economy, it is still thriving and the country can't really function without it.
3 insight
, 3 debates
, 4 idea contests
, 3 question
on topic: "India's Mushrooming Black Economy...."
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1
Generation of black money in the public sector:
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Vicious Circle of Corruption
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sudhakar
| Added idea
"ASSERTS"
| 1 year ago
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THE BEST WAY TO AVOID BLACK MONEY IS THAT EVERY CITIZEN SHOULD DECLARE HIS OR OWN ASSETS.
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S. Muralidharan
| Added idea
"Cash Payments"
| 1 year ago
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No prudent businessman, politician or his cronies, or for that matter government servants would like to accept cheques or DDs for the services they rendered to you, for which you have agreed to pay for their services. We succumb to their pressure...
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manikanta raj
| Supported idea
" Generation of black money in the public sector: "
| 2 years ago
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Leena i support you. one side of a coin you are right, corruption leads to black money since it cannot be disclosed. what about the other side of the coin, black money generated by the business people through undisclosed income and their chicks...
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Ideate: "'Black Economy' - What are the possible causes?" deleted from your view.
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1
Transfer Of Funds To Outside
2
Corrupt Professionals
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Aashish Koul
| Added idea
"..Widening THE GAP......"
| 2 years ago
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Economic stablity has an X-tremely important aspect ...of first stagnating THE GAP and then decreasing THE GAP b/w the richest and the poorest......Black money has free flow n we also know dat.... money makes money...then how come the gap is...
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Pankaj Agarwal
| Added idea
"Black Money Idea from Rajiv Dikshit (Bharat Swabhiman)"
| 2 years ago
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OM Have you Guys Listen to Rajiv Dikshit (Rastriya Sachiv of Bharat Swabhiman Trust) Lectures regarding Black Money. His Ideas are vey Good regarding Black Money Economy. Pls. read the following article and comment on that regarding Black Money:...
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Gautam
| Supported idea
"Corrupt Professionals"
| 2 years ago
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Yeah i too agree. But we have to see that if steps are taken to solve this menace then it should be very clear where the taxes thus recovered by govt goes. Which means the underlying system have to be cured before, otherwise the pull of money...
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Ideate: "How Black Money is affecting Indian Economy? " deleted from your view.
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(rate this)
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Yes
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30
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113
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No
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Raunak Jain
| Argues in support of
"Yes"
| 1 year ago
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ok,jst ask urself if ur caught by a trafic police 4 xyz reason nd they ask u to pay a fine if 200 or pay 50 bucks nd go happily wat will u choose tats curroption
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Mohammed Abdul Bari
| Argues in support of
"No"
| 1 year ago
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Is corruption in the blood of every Indian? I stand against this question. How could a person can blame every Indians just by suffering from few corrupted offices/officers, it’s really a bad habit to pointing others. May be my friend Namrata had...
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Azhar Kazmi
| Argues in support of
"No"
| 2 years ago
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To say that corruption is in the blood of every Indian is a bit too cynical. There are umpteen Indians or people of any nationality who are not corrupt. And there might be many more uncorrupted people in India and the world whom circumstances...
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Debate: "Is corruption in the blood of every Indian?" deleted from your view.
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1
People’s help key to checking circulation of fake notes
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Cumlprits are from Foreign Lands .. awareness and reporting may check
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mathew
| Added idea
"increasing security of currency notes"
| 2 years ago
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not only the awareness of the people is required in this issue, but security of the cueency notes also needs to be increased . so that faking becomes difficult job for the culprits.....by changing some parameters like the paper quality...
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rasik upadhye
| Supported idea
"People’s help key to checking circulation of fake notes"
| 2 years ago
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Responsibility of a citizen is prime and government. I presume if the the amount withdrawn from ATM or banks is less, probably many would just like to get rid by some unscrupulous means, like giving to sabjiwala, small shopkeeper and many more...
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soumya saxena
| Supported idea
"People’s help key to checking circulation of fake notes"
| 2 years ago
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i agree it is the responsibility of people to keep check on this, as it will not be possible by government alone to stop this only with the help of common people this can be removed people should inform police about any such incident as these...
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Ideate: "Fake money circulation boosts black economy.." deleted from your view.
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As it has became the hot cake so please come up with ideas for getting back the money. We don't need any school dropout (Ramdev) or person with greed for power in center (Anna). We need educated mass...
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S. Muralidharan
| Answered
| 12 months ago
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Where there is a will there is a way! As Mr. Murthy said, "will to do" is lacking, what else can you do other than hounding! Its a "wait and watch" game, one other big event, like natural calamity, would put this issue into back-burner! ...
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Suryanarayan Murthy
| Answered
| 12 months ago
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You sound frustrated dear ! What we need is a 'will to do' and 'committment to see it through'. Both of them are lacking in us. Unless a popular figure like Ramdev or Anna starts the agitation people will not follow them. Assume that you or I...
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Answer: "How can we get back the black money?" deleted from your view.
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Big Brother in India? By Rajeev Sharma Now that Congress President Sonia Gandhi has fielded none other than Prime Minister Manmohan Singh to spruce up the image of the party and government by regularly engaging with top editors, his take on the most talked about issue in recent times – black money – is particularly significant. On June 29, Singh met five editors from the print media for over two hours – an exercise that he plans to undertake each weekend. He discussed a range of issues that are dominating Indian politics, including corruption and black money. Singh bluntly told the editors that there’s no ‘magic wand’ that will remove the problem, and stated that black money made up as much...
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Rathin Deb
| Commented
| 11 months ago
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Thanks Darshana for referral. At least a modest beginning has been made.
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Rathin Deb
| Commented
| 11 months ago
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Thanks Darshana for referral. At least a modest beginning has been made.
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Rohit Thakur
| Commented
| 11 months ago
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don't know how many more years required to Peep into Swiss banks accounts for all INDIAN Culprits.Keep up the good work Mr. Sharma.thanks
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Insight: "Big Brother in India? By Rajeev Sharma" deleted from your view.
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(rate this)
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An article, in a paper of Switzerland, which was published in 1991, which had given 14 names who are having biggest black money with them. If we have to believe this, then it's really a big news. Isn't it? Members,please give your views, on this.
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manish kumar
| Commented
| 11 months ago
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wow lovely post sir:)
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Raju V P
| Commented
| 11 months ago
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Please go through the article which I posted on this subject - taken from a post in facebook. It has many annexures which detail the evidence. Now everybody who is supporting Congress will know its true colours.
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Insight: "List published in 1991, of people who are having biggest black money." deleted from your view.
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(rate this)
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I am not sure if the politicians are colourful or colour foolish, but it is the huge amounts of white that is getting converted in to black.
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S. Muralidharan
| Answered
| 11 months ago
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How colourful the whole concept has become, Mr. Raghu. You are right, the huge amounts of white is getting converted into black! Another paradigm is, saffron-clad persons are fighting with white-clad gentlemen, discussing black and white in public!
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Answer: "Can we say color of corruption is white and that's why money is becoming black" deleted from your view.
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(rate this)
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According to the data provided by the Swiss bank, India has more black money than rest of the world combined. India topping the list with almost $1500 Billion black money in swiss banks, followed by ...
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Jaygopal Raghavan
| Answered
| 1 year ago
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Publish the list / Bar them from travelling out of the country / start legal proceedings.....
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Answer: "What is the best way to deal with the problem of Black Money?" deleted from your view.
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(rate this)
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1
BELIEF
2
Make a smart choice (as much as possible) and then trust your choice
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aditi gupta
| Added idea
"make a smart choice "
| 2 years ago
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trust the trustable person.find a right person not all can be trusted bcoz not even all our close ones are trustable so how the stangers can
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SUNIL KUMAR RAMACHANDRA
| Supported idea
"BELIEF"
| 2 years ago
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I support this approach in the management principles. Also I would like to add is that we have to implement a system and procedure with a transparent organisation chart for the company. This is will be helpful whenever new employees joining the...
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Ideate: "Watch on your employees! If you wanna curb fraud " deleted from your view.
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