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The flow of black money can seriously affect the entire economic system of India. Black Money causes the prices of commodities to increase to a level beyond normal. People with black money are able to give bribes to the administrators and politicians for getting whatever they want. To control the generation of black money.

Oct 30, 2014. Stern directions from the Supreme Court on unearthing black money and the prosecution of holders of illegal foreign bank accounts seem to have given new direction to the Special Investigation Team. In its search for leads, the SIT has now decided to turn to the general public for information on funds.

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Nov 15, 2016. I must first make clear what is my understanding of the government's decision to outmode the 1000 and 500 rupees notes to curb black money. In every society there are eternal naysayers, all-knowers, contrarians, prophets of doom, and armchair reformers who want their reforms served up to them in.

Nov 23, 2016. On Tuesday, Modi lambasted critics of the demonetization drive by saying they want graft to continue. “Values in public life are eroding. I see that people in public life are giving speeches in support of corruption and black money. They are brazenly out in open doing so. In any country, erosion in values is.

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Nov 8, 2017. 41% citizens say despite demonetisation cash was needed in property transactions; • Citizens want all INR 10,000+ transactions to be made electronic on mandatory basis; • Want to see Government focus on Benami Property crackdown and reforms in electoral funding; • Majority feel Govt. will not recover.

Nov 23, 2016. To understand black money, you need to know something about buying houses in India. There are two prices: an official price and one between the buyer and seller. The real price includes a sum of off-the-books cash.

Nov 9, 2016. Mere Paper: This means that you cannot transact with old Rs. 500/1000 currency (except for emergency use cases like railway, bus tickets, Airport, Petrol Pump, etc. for next 72 hours) and they need to be deposited back to the bank till December 30, 2016, or maximum up to March 31, 2017. So all those.

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Dec 17, 2016. He also added, “We want people to join PMGKY and through this scheme they contribute to welfare of the people. The government plans to keep the declarations made under the new money disclosure scheme confidential. Declarations under new blackmoney disclosure scheme to be kept confidential,

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Nov 14, 2015. The two judge bench observed that the failure of the government to control the phenomenon of black money is an indication of weakness and softness of the government. Justice Dattu appreciating counsel Ram Jethmalani said, “If the money is brought back, we need not pay 30 percent tax.” Pulling up the.

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Mar 2, 2016. The latter is called a black money payment.” And how does this help? As Basu writes: “This helps the seller not to have to pay a large capital gains tax. Even many buyers want to pay partly in cash and to show the value of the house to be less than it actually is in order to avoid having to pay too much.

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Dec 7, 2016. The point here is not to argue against any policy to fight tax evasion, black money and corruption. Rather, we want to see a more broad effort to tackle these issues with smart policies with little “negative externalities” and transactional costs especially when these costs are likely to be borne by the most.

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Nov 23, 2016. As India cracks down on 'black money,' government employees say bribery 'is not a taboo'. The objective was to rid the country of illegal “black money” for which taxes had not been paid. Money often. On Tuesday, Modi lambasted critics of the demonetization drive by saying they want graft to continue.

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Nov 15, 2016. “Black money and corruption are the biggest obstacles in eradicating poverty,” Modi said, using the local term for unreported cash, in his address to the nation last Tuesday, according to Reuters. The ban. “I just want my honest citizens to stay patient for 50 days,” said Modi, reported India Today. “Punish.

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Money Investors One in four homes sold is bought by investors looking for rental profit — bad news for young adults seeking a toehold in the market. Private investors seeking alternatives to the stock and bond markets can find more opportunities in private lending (aka hard money lending). If you understand the basics and perform the adequate

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Demonetisation of currency will have little if any effect on the black economy in India. 46, 12 Nov, 2016 » Theatrics on Black Money. illegal activities, including terrorism—and governments world over want to demonetise such currency—why is the government and the RBI introducing a higher value note into the economy.

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