Where in the system is black money still getting generated?

Many of you know how LocalCircles represented the pulse and challenges of citizens during Nov-Dec 2016 and since then has been tracking black money issues.

As we approach the 4 years of demonetisation milestone, we would like to seek your inputs on where in the system is black money being used and generated regularly. With your inputs and polls we will be able to escalate key issues to the Government and request them to plug these gaps so new black money generation is drastically reduced.

We look forward to your inputs! more  

View all 206 comments Below 206 comments
Black money in India is in three forms. 1.Land & Building 2. Gold and 3.Cash. If the transactions in 1 & 2 are regularized strictly generation of black money can be controlled. A gold control act was introduced in 1994 but not implemented. Govt can locate the presence of yellow metal via satelite images and raid all the major stocks. more  
CST, GST, I.T. , W.T. Mislead, Corrupted. SC guarded Bank A/C's. Wealth Tax Removed. Policing Cornered. IPC remained as Indian Privacy Corporate TENDERING Marshall Rule more  
Merchandise, Markets of all Goods ; Property Purchase and Registrations ; QUID-PRO-QUO arrangements ; ARE THE PLACES OF BLACK MONEY in USE and Generation more  
It has somewhat reduced more  
Thanks for attention. Reduced or increased is not known to me, but surely some businesses (mostly shopkeepers) have switched over to black money transactions to evade GST. The only solution envisaged is to issue bills to the customers. more  
Most of black money is being dumped in purchase of property, jewellery, gold, and into stacks of currency of 2000 notes in private almiras (wardrobe, cabinet, or cupboard) more  
To escape GST, most of business from shops has switched to black money. The only solution envisaeged is issue of bills to the customers. more  
Post a Comment

Related Posts

    • Indian aviation is pure loot

      Aviation should not be a luxury, not in 2024 Indian ‘Low Cost Carrier’ have the most expensive Airfares in the World Fares on popular routes around the World (15 J...

      By Ajay Dutta
      /
    • Study the attached price rise and lower taxes

      How prices of essentials have risen in last 10 years. Middle class is badly hit because earnings have not grown in this proportion. Middle class needs to thrive in India so that th...

      By RN Chopra
      /
    • Vehicle Sales Declining

      2 Wheelers Sales Down By -19.96% YoY Total Vehicle Sales Down By -15.26% YoY Even Basic Motorcycle is Taxed at 28% in India People Need Relief From High Taxes on Ne...

      By Swati M
      /
    • GST on used cars will impact dealers/online platforms

      And in turn prices for consumers who buy from such platforms Let me clear some myths on GST on used cars. Example 1: You buy a car for 15 lacs. Use it for 2-3 years and s...

      By Sanjit Jha
      /
    • Clowns in Paradise

      Really pissed off. Time is ticking - already effectively, nearly 15% of the 3rd term is over (because you can't do anything in last few months leading up to elections). And the Government appears t...

      By Sudesh Rai
      /
    • Clueless parliamentarians of India

      Successful countries talk about their present. Struggling countries keep talking about their past. China talks about its dominance in the EV industry. China talks about trains that run ...

      By Ruchika L Maheshwari
      /
    • Why tourism sector is broken in India

      There is an easier hypothesis why holidays in India have become Ultra expensive. Most of the luxury hotels in India are not a source of livelihood for the people who run them. It is not ...

      By Satvik Singh
      /
    • Major squeeze in middle class

      Our savings rate is at 5 decade low. Our consumption of even essential FMCG goods has slowed down. Two key essentials of every kitchen - wheat and oil, hugely impacted by infl...

      By Radha Puri
      /
    • Rampant Milk Adulteration

      Over 21700 kilos of chemicals recovered from the factory of Ajay Agarwal of Agarwal Traders of Bulandshahr. 500 liters of milk can be prepared from 1 kg of chemical. One man in one city. In the e...

      By Ashima Gupta
      /
    • Electric Cars in India

      Our friends undertook a Bengaluru to Hyderabad journey in an all Electric car attempting to be at mercy of roadside EV Charging Stations. They left Bengaluru at 230 pm and reached Hyder...

      By Shikha Chhabra
      /
    • Lost Decade of India

      Basic problems India had in 2014:- - Corruption - Reservation - Pollution - Lack of jobs - Not growing fast enough to build genuine wealth Basic proble...

      By Rohit Garg
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)