Essay on Black Money | Black Money Essay in Hindi


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Essay on Black Money | Black Money Essay in Hindi

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Essay on Black Money | Black Money Essay in Hindi

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Essay on Black Money | Black Money Essay in Hindi


Hello friends, today we have black money You will know essays on this subject. It is astonishing that most economists have never felt the need to seriously consider the factor that has fatally affected the Indian economy and its growth over the last 50 years. Let alone others, even veteran economists like Amartya Sen and Sukhmay Chakraborty kept ignoring him.

One-to-one good plans in the country
Policies were made and failed, economists’ analyzes continued to falter and they were forced to revise their theories every 3-4 years, yet they failed to grasp the real root of all this. The real thing is the black economy.

The problem of black money in post-independence India
The irony is that even though the direct tax inquiry committee headed by Mr. Banchu had alerted us in 1971, the amount and size of black money continued to increase.

Banchu Samiti black money for 1968-69
1,400 crore which was only 4.2% of the GDP, but this problem could not be controlled and this problem. Increased. From time to time various committees, research institutes and individual researchers made estimates of black money.

The first estimate was made in 1953-54 by Prof. N. Calder imposed and estimated the amount of black money to be only Rs 600 crore. The Banchu Committee then estimated it at Rs.700 crore for 1961-62 which increased to Rs.1,400 crore by 1968-69; But as a proportion of GDP, it was about 4%.

716 crore in 1961-62 8,098 crore in 1976-77, black money between 1197576, 1980-81 and 1983-84. 50,977 crore for 1980-81 and Rs. 1,49,297 crore for 1987-88.

International Monetary Fund 1982-83
At current prices, black money is valued at Rs 72,000 crore, which is about 50% of GDP. At current prices, the GDP was Rs 8,43,294 crore while the black currency in circulation was Rs 11,00,000 crore.

Thus the amount of black money ‘13.04% of GDP. Black money estimates show that although the various estimates may not be completely comparable to each other, they do point to a growing trend in the problem and that is that the amount of black money is increasing over time. It has been increasing.

Following from various studies Conclusions are drawn (1) The amount of black money is constantly increasing not only as a whole, but also as a percentage of ‘Gross National Product’.

(2) The amount of black money that 1975-76 Was less than 10% of the Gross National Product till then, it started increasing rapidly in the subsequent period and according to the estimates of National Institute of Public Finance and Policy it increased from 18 to 21% in 1983-84, Dr. Suraj Bhan Gupta According to estimates, it increased to about 46% in 1983-84 and again in 1987-88 to about 51%.

(3) The trend of black income The growth rate of is faster than the growth rate of GDP. (4) Due to high rates of taxation, traders and industrialists are motivated for huge amount of tax evasion.

(5) Our political system black income But it did not take any concrete measures to stop this unaccounted income growth.

Parliament’s Permanent Finance Committee passed the country’s tax
The administration strongly condemned the structure and blamed the tax administration for this huge amount of black money. The Committee is of the view that the powers conferred on the tax administration in this regard are barbaric and represent old socialist ideas.

The committee was of the opinion that if these vandalism If the rights are abolished, then the tax revenue can be tripled.

The report of the Parliamentary Standing Committee is one-sided. The reason for this is that since its members are members of different political parties, they blamed the tax administration for this terrible problem.

Tax administration and collusion of tax evaders The main reason for the proliferation of black money, but the fact is that government bureaucrats, businessmen, political leaders (ministers, MPs, legislators) all have an alliance with the tax administration. As a result, instability in our political system has resulted in the rapid growth of black money. This is because black money is the main means of contesting elections.

New economic reforms aimed at
Removing controls, abolishing the licensing system, and promoting the private sector may stimulate economic growth, but may not effectively reduce black money.

It is worth mentioning in this regard
It may not be possible to completely eliminate black money, but it can be limited if the government is determined and gives full support to the tax administration.

Whether the income tax officers for it
Convicted, but the reality is that the officers who tried to catch the tax evaders with great zeal and sincerity, had to release the criminals due to political interference. As a result, they became discouraged and the tax administration’s morale plummeted.

Secondly, the government did a lot from time to time-C gave approval to tax evaders to convert black money into white money by voluntary declaration schemes. Between 1951 and 1985, a total of Rs. 698 crore was received from these schemes.

Voluntary Declaration Scheme of 1997 which
Considered to be the most successful, it received Rs 10,100 crore which was a commendable achievement in itself, but given the size of the black money economy, it seems as if this effort has touched only one corner of the iceberg.

Recently Prime Minister AB Vajpayee spoke of launching a campaign against corruption, but did not mention what concrete steps he wanted to take. If this problem is to be solved then strict steps have to be taken in which the following are the main ones

(1) First to each taxpayer You have to give an account number and open your account in a bank, you have to show this account number.

(2) Real estate deals
The sale must be stopped and if the person wants to register the purchase of a property by declaring the price too low, then the government should get the prerogative of its purchase. This measure can reduce the black money generated due to real property.

(3) Strict monitoring at product centers
Must be kept so that excise duty can be reduced. Due to lax administration, many goods do not want to pay without receipt. All sections of the society have started taking advantage of the administrative weaknesses. This trend must be reversed.

(4) We have to make electoral reforms And the expenditure incurred in elections has to be controlled. Donations to political parties from companies were banned in 1996, but

Various political parties merchants,
The industrialists take money from the transport drivers for elections and to fulfill this dependence the rich class collects black money and in return receives various concessions and benefits from the rulers. It is therefore imperative that the alliance formed between black money and political power be broken as soon as possible.

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Now parallel as black money Political morale must be established to control the dreaded disease of the economy. For this, the alliance formed between the bourgeoisie and the political parties in the country has to be broken.

So the question of total importance is the nature of the political structure, It has an attitude towards black money and its collusion with black money and tax evaders and the amount of tolerance they have. The sooner the political structure frees itself from this shackles, the better for the country. Guys, tell us how you felt about this essay by commenting.

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