standing in spiralling queues at ATMs and banks counters to exchange their old currency notes or withdraw cash became a familiar scene across the country. Government processes tend to take time. Present government formed the Committee under retired justice M B shah on (one analysis young goodman brown essay day in advance). .
If a someone asks for a bribe, report it immediately. Cashless India is a mission launched by the Government of India led by Prime Minister Narendra Modi to reduce dependency of Indian economy on cash and to bring hoards of stashed black money lying unused into the banking system. Cashless India is a recently introduced phenomenon targeted to bring a sea change in the countrys economy by the Indian government, transforming the cash-based economy into cashless through digital means. It has also agreed on not letting Account holders know this information. Taxation structure and system have been made easier. .
Similarly there are such loop holes in the system of many countries that are utilised by few to export illicit fund outside the country. Most of it is stored in Swiss banks. Black money had been also a political stunt for gathering publicity in the process of election. This is not the problem of an individual country.
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High Networth Individual ( HNI private companies, politicians of any nation have higher linkage to black money and they are also remain in the highest suspicion for the illicit money flow outside the country. Consequently, digital modes like credit/debit cards, mobile wallets, banks pre-paid cards, UPI, aeps, ussd, Internet banking etc have gained in currency, leading to cashless India in near future. At different times, the government has brought forward several schemes and asked the people to declare their wealth. . Solutions for Black money problem How to fight, stop, eradicate black money and corruption. India is a vast country and the convenience of making gender roles in modern society essay transactions through the online mode is not available across the country. It was on 8 November 2016 that the Government of India took the whole country by storm by announcing that the currency notes of Rs 500 and Rs 1,000 were no longer legal tender. Same black money is distributed for various election marketing related activities. Digital transactions are traceable, therefore easily taxable, leaving no room for the circulation of black money. Practice speech before friends or mirror You can use information from both sections for paragraph writing too.
Essay black money india