Vijay Sardana Online

22 Methods - How Black Money is Generated in Economy? Update on Twitter: @vijaysardana Black Money can be generated mainly under two heads: Generating it by manipulation of accounts and generating it in some vulnerable sections of the economy. Under each of these heads, the paper lists 11 different ways to generate cash. Here are 22 ways to generate black money: A. Manipulation of accounts 1. Out of book transactions : Not entering transactions that might result in taxation into the book of accounts. The taxpayer either maintains no book of record or reports partial transactions only. 2.  Parallel book of accounts : Adopted by those who are obliged under law to maintain books of account. The taxpayer maintains one book for their own use which records all transactions while another is submitted to concerned authorities reporting part of the transactions. 3.  Manipulation of books of account : When tax payers have to maintain books under different acts like Compa

Demonetisation -   India joins the ' Global War on Cash ' to defeat Black Economy & Crimes India has banned current high value currency notes to initiate a was on cash to address illegal funding for criminal activities and black economy. India is not the first country to initiate War on Cash.  Let’s us understand with a list of examples from around the world of how cash payments are being regulated, restricted and phased out.  I f you have more information on any country please share. .. Emergence of Cashless Societies: ARGENTINA  – Argentina’s currency crisis has been known for some time. In short, Argentinians don’t trust the peso and are willing to pay premium for any currency they perceive as “more stable,” especially US dollars which are traded on the black market as “blue dollars” at prices far exceeding the official exchange rate.  Argentinian government mandated that banks report every credit card purchase made in the country directly to the tax

Promoting Public-Private Sector Partnerships in Enhancing Food Value Chain