UPSC aspirant
Current Affairs Enthusiast
Polity Specialist


Smarath Singh

In India, black money is funds earned on the black market, on which income and other taxes have not been paid. Also, the unaccounted money that is concealed from the tax administrator is called black money. The black money is accumulated by the criminals, smugglers, hoarders, tax-evaders and other anti-social elements of the society, who are not scared of the punishment given by the law for such crimes. Around 22000 crores of rupees are supposed to have been accumulated by the criminals for vested interests.

The total amount of black money deposited in foreign banks by Indians is unknown. Some reports claim a total of US$100.06 trillion is held illegally in Switzerland. Other reports, including those reported by the Swiss Bankers Association and the Government of Switzerland, claim these reports are false and fabricated, and the total amount held in all Swiss bank accounts by citizens of India is about US$2 billion. In February 2012, the director of India's Central Bureau of Investigation said that Indians have US$500 billion of illegal funds in foreign tax havens, more than any other country. In March 2012, the government of India clarified in its parliament that the CBI director's statement on $500 billion of illegal money was an estimate based on a statement made to India's Supreme Court in July 2011.

On 8 November 2016, in a sudden address to the nation, Prime Minister Narendra Modi announced that banknotes of ₹500 and ₹1000 would cease to be legal tender from midnight. He said this decision was taken to crack down on black money and corruption which is destroying the country. He also said that the process of cash circulation is directly related to corruption in his country impacting the lower classes of society.The number of income tax returns filed for 2016–17 grew by 25 percent to 2.82 crores (compared to growth rate of 9.9% in the previous year), and the advance tax collections during that period rose 41.8% over the one-year period, as more individuals filed their tax returns after demonetization.
See the importance of this invisible factor in our Economy Lets understand it in depth.

Crack UPSC CSE Prelims and Mains Exams. Know how to prepare for UPSC 2019 and 2020, complete syllabus, exam patterns, latest notifications to join IAS, IFS, IPS and other cadres of Civil Services.

UPSC CSE - GS

UPSC - Civil Services Examination (IAS) Preparation

Hindi

(Hindi) The Invisible Economy of India

Introduction to Economics

Indian Economy

UPSC CSE

Ace the toughest competitive and government exams in India 

Test Preparation

Union Public Service Commission Exams (UPSC)

Economy

Overview (in Hindi)

Introduction (in Hindi)

Tax Havens (in Hindi)

Money Laundering (in Hindi)

Hawala System (in Hindi)

Travelling gives you 'experience' & teaching 'immortalizes' it.  Loves both :)  

Vimal Singh Rathore

This collection begins with an overview of the Indian Economy. It talks about the stability of the economy, fiscal consolidation, low inflation and Economic survey. The next part begins with a thorough explanation of a chart from the economic survey which shows growth in GDP and other major sectors. It then gives details on the twin balance sheet challenge which is the large and rising stressed assets in banks and how it can be addressed by recognition, recapitalization, resolution and reform. The collection then focuses on the introduction of inflation, wholesale price inflation, consumer price inflation and astute policies and management of inflation. It then goes on to explain fiscal deficit and service sectors. The next part throws some light on the social and human development investment that is required. It then states some of the reforms that the government has taken in regard to the betterment of the economy. Some of the reforms that are explained in detail in the next few lessons are the crop insurance program, Jan Dhan Yojana, JAM and power sector reforms. Then we have a talk on how India can realize the true potential it has by using the exit policy, creating better human development and improving the agriculture. The final part of the collection has a conclusion about last year's economic survey, the achievements, pending agenda and the promise of India. There is finally a comprehensive summary of the previous lessons in this collection. It gives a brief on the overview of the economy, situation and need for it and the suggestions that have been given to the government to improve the economy. Tags: Economic Survey of India, Indian Economic Survey, Economic Survey 2016, Economic Survey 2016-17, Jan Dhan Yojana, Economic Reforms, UPSC Lecture, UPSC Free Lessons, UPSC Free Online Videos, UPSC Economy, Economy for UPSC CSE, UPSC Online, UPSC Exam, UPSC Examination, UPSC IAS Exam, IAS Questions, Indian Administrative Service, IAS Preparation, IAS Exam Syllabus CSE Exam, CSE Syllabus, Economy UPSC Important Topics.


Economy for UPSC CSE (IAS): Detailed Analysis and Important Topics Of Economic Survey

B.E.(Mech) 2007 I Bharti Vidyapeeth 
I Mumbai University I Bike-Rider l Political Science I ...

Vikrant Dorkar

The course "Sustainable Development Goals" will cover each and every aspect related to Sustainable Development.The Sustainable Development Goals (SDGs) are an intergovernmental set of aspiration Goals with 169 targets.

Sustainable Development Goals

Teaching is passion and learning from learners that what i believe is the best way of learning.Pursuing my Masters .Appeared 4 UGC and ibps

Prachi Gupta

the course is all about state of indian economy during pre independence,  history and its planning aspects

State of India Economy

Shailendra Yadav

In this course, Shailendra has explained the key economic concepts which are required to know with the help of Hindi as well English economic terminologies. This will also be helpful for general awareness section and Economics related examinations.

(Hindi) Fundamentals of Economics and Key Concepts

hi i am sangita gupta, i have completed Master digree in hindi language, n i have done B. ed frm gaziabad.I have 10year teaching experience.

Sangita Gupta

इस पाठ्यक्रम में, शिक्षक UPSC CSE उम्मीदवारों के लिए भारत में योजना पर चर्चा कर रहा है

भारत मे योजना: UPSC CSE

Abhishek Sharma, Educator and Motivator, 9 Years teaching experience in APCS College of IT and Management.

Abhishek Kumar Sharma

In this course, we will cover industrial Relations and labor law, for Upsc Epfo Enforcement Officer and Account Officer Exam.

Lessons

5 lessons • 31m

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Overview (in Hindi)

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Introduction (in Hindi)

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Tax Havens (in Hindi)

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Money Laundering (in Hindi)

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Hawala System (in Hindi)