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
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
Oh achhha we didnt know that 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