PRESENTED BY SONIKA KACHHWAHA EC(II)

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Presentation transcript:

PRESENTED BY SONIKA KACHHWAHA EC(II) BLACK MONEY PRESENTED BY SONIKA KACHHWAHA EC(II)

What is black money ? Any money which is not declared to the govt is black money.....whether its legal or illegal......for eg., if you earn cash from business or some dealings etc., and you don't declare it as an income for tax calculation purpose, that cash becomes black money……

Source of Black Money Drug Trafficking Corruption Land Grabbing

SWISS BANK Swiss Bank Corporation (SBC) founded in 1854. In 1997 SBC was the third largest bank in Switzerland. In 1998, SBC merged with Union Bank of Switzerland to form UBS, the largest bank in Europe and the second largest bank in the world. The company's logo, which featured three keys, symbolizing “Confidence, Security and Discretion“.

TOP FIVE BLACK MONEY COUNTRIES INDIA $1,456 BILLION (NEARLY 76,00,000/- CRORES) RUSSIA $470 BILLION U.K. $390 BILLION UKRAINE $100 BILLION CHINA $96 BILLION

Total Black Money in India? Swiss bank revealed India has more money than rest of the world. The second best Russia has 4 times lesser deposit. U.S. Is not even there in the counting in top five! India has more money in Swiss banks than all the other countries combined!

IS INDIA POOR COUNTRY…?? Dishonest Industrialists, Scandalous Politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion. This amount is about 13 times larger than the country's foreign debt. With this amount 45 crores poor people can get Rs 1,00,000 each.

IF BLACK MONEY COMES BACK TO INDIA……….?? -> Black Money Once this huge amount of black money and property comes back to India , the entire foreign debt can be repaid in 24 hours. -> After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. -> So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably.

THANK YOU VERY MUCH…

Q..?