|
Article Details :: |
|
|
| Article Name : | | | CAUSES AND MEASURES OF BLACK MONEY IN INDIA | | Author Name : | | | Roshankumar M. Bhigania | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ROR-124 | | Article : | |  | Author Profile | | Abstract : | | | Several attempts have been made to quantify black money in India. The main findings of the various studies on black money are:- i) The amount of black money has not only been growing in absolute terms, but also in relative terms as a percentage of Gross National Product (GNP). ii) Black money which was less than 10% of GNP up to 1975-76 began to grow at a much faster rate thereafter. IMF (International Monetary Fund) staff survey on the unaccounted sector of the economy has estimated black money in India at 50% of GNP, which was Rs.1,45,000 crores in 1982-83 at current prices. On this computation, India's unaccounted sector is of the order of Rs.72,000 crores. In 1994-95 the black money is estimated by the Parliament Standing Committee on Finance as Rs. 11,00,000 crores against the GNP estimate of Rs.8,45,000 crores, i.e. 130% of GNP. iii) The rate of growth of black income generation is faster than the rate of growth of GNP. | | Keywords : | | - BLACK MONEY
avodart not working go avodart not working avodart not working go avodart not working
|
|
|
|