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