a ppt on black money

3. WHAT IS BLACK MONEY ?
Black Money is :
 The currency used in ‘black economy’.
The proceeds, usually received in cash,
from underground economic activity.
 Earned through illegal activity and, as
such, is not taxed.

4. SOURCES OF BLACK MONEY
Gambling
Undervaluation of Asset and Over Valuation
of Liabilities
False income Statement
Drug trafficking
Terrorism
Selling pirated versions of copyrighted
items such as musical recordings , films, etc
Through any other act forbidden by law

6. BLACK MONEY IN INDIA
India tops the list of black money in the
world
Estimated US$1,500 billion Black Money in
Swiss Bank
India has more Black Money then rest of
the World combined
Has potential to become the richest country
in the World if Black Money comes back.

8. Scams And Scandals in India
2G Spectrum Scam
Commonwealth Scam
Telgi Scam
Satyam Scam
IPL Scam
Chara Ghotala
And many more…….

9. 2G spectrum Scam
Known as India’s biggest scam.
Evaded norms at every level and gave
fictitious licenses.
Amount involved in the scam: 1.76 lakh
crores.
Person responsible: Mr. A.Raja who
was Telecom Minister

11. Commonwealth Games scam
Indians hang their head in shame on Global front.
Discrepancies of tenders.
Payments to Non –Existing Parties.
Willful delays in execution of contracts .
Over inflating prices of sports equipments.
Misappropriation of Funds.
Amount involved in scam : Rs .70,000
crore.
Person responsible : Mr. Suresh Kalmadi.

12. IPL Games Scams
The Shame behind Entertainment.
The Indian Premiere League ( IPL ) was considered as the
best form of entertainment in the country.
But slowly its Darker side emerged .
Claimed to have stakes in many IPL teams .
It involved the names of big Politicians, BCCI Officials,and
Corporate and Celebrities…Money Laundering, Match
Fixing, Betting, Broadcasting Deals was also involved.
Persons responsible : IPL Commissioner Mr . Lalit
Modi and External Affairs Minister Mr. Shashi
Tharoor .

13. Black money in swiss bank
While official numbers are not available , Swiss
banking officials have said that the largest depositors
of illegal foreign money in Switzerland are Indian.
In August 2010 , the government revised the Double
Taxation Avoidance Agreements to provide means for
investigations of Black Money in Swiss banks.
Rudolf Elmer provides the list of famous Indians to
Wikileaks .
He also revealed that black money was started
depositing in Swiss Banks in early 70s by some
Indians through illegal minings , stock market , drug
dealings , fake projects , etc.

15. Top 5 countries generating “black
money”
India $1,500 Billion [ Nearly 76,00,000/-
Crores.]
Russia $470 Billion
U.K. $390 Billion
Ukraine $100 Billion
China $96 Billion

16. Black money and corruption
Black Money and Corruption are two sides
of the Same Coin
Dishonest Industrialists , Scandalous
Politicians and Corrupt Officers have
deposited in Foreign Banks in their Personal
Illegal Accounts a sum about of $1500
Billion

17. Major reasons for generation of
black money
High Rates Of Taxes
Unequal Distribution Of Money
Numerous Controls , Licenses And Other
Governmental Regulations
Lack Of Controls By The Government
Lack Of Awareness among Public
Recession
Elections In Democracy

19. Effects of black money on
countries
Poverty
Inflation
Reduces Development in Country
Illegal Transfer of Funds from India to Other
Countries
Slow Progress In Countries

21. Measures to be taken to
eliminate
black money
Amnesty Scheme by the Government
Simplify/Rationalize Tax Laws
Co-Ordination With Other Countries
Use Technology For Economic Intelligence
Creation Of Awareness Among Students About
The Evil Black Money
Regulation On Election Spendings And
Donation To Political Parties.

23. conclusions
Black Money has created a Big Black Hole
in Indian Economy and the Entire Burden is
beared by the Common People of India
To stop Corruption which creates Black
Money , we the people of India have to come
Forward to Fight against Corruption
Educate Students about The Evil Black
Money and Encourage them to not support
this by any Measures.

24. Let us take a pledge today
that…….

26. References taken
to complete this project
www.slideshare.com
www.google.com

27. Made by :
Name : Ms.Minal Ghirnikar
Class : F.Y. BMS
Roll No. : 08