Posts

Showing posts with the label What is Black Money

BLACK MONEY- THE STUMBLING BLOCK IN INDIA

Image
We often come across the two terms in our daily lives that are Black Money and the White Money. The title itself suggests that Black Money is the stumbling block or an obstacle prevailing in our culture. For instance, someone has bought a house but the wondering thing is that from where that particular person has managed to buy that lavish and costly house when he is financially not so sound and is a thief? It must be the black money earned through illegitimate means or he must have committed theft somewhere. So these are some of the assumptions that people may make. On another hand, if some rich person buys the same house, we presume that he has white money and can afford such a lavish house. It should be noted that this problem of Black Money is prevalent in the economy for ages. Corruption is prevalent at every level and people are destroying themselves and harming the integrity of the nation as well. Ironically, despite of so many legislations to curb the problem of Black money a...