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UPSC Key-June 15, 2022: Why ‘I2U2’ to ‘Greenfield and Brownfield’ to ‘Palais des Nations’ relevant for UPSC CSE?

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I-T flagged ‘misreporting’ of Rs 1.06-cr, black money SIT judge opted for amnesty scheme

Syllabus:

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Preliminary Examination: Current events of national and international importance.

Mains Examination: General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

Key Points to Ponder:

• What Is Black Money?

• How Black Money Works?

• What are the sources of black money in India?

• Black money includes all funds earned through illegal activity only-True or false

• Black Money is recorded for tax purposes-True or False

• How Black money affects country’s economy?

• Most people who have black money try to convert it into legal money, also identified as white money. What are the number of ways to do that?

• What was the MC Joshi committee’s recommendation which was appointed to study the…

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