A CONCEPTUAL STUDY ON BLACK MONEY AND DEMONETIZATION POLICY

  • Unique Paper ID: 153245
  • Volume: 8
  • Issue: 6
  • PageNo: 219-222
  • Abstract:
  • One of the most prevalent and recognized fact which exists in India is the subsisting shadow or parallel economy drawing its breath on black money transactions. The primary idea that drives this tainted economy is tax evasion discoloring our moral roots. In an attempt to cut these evil tendrils growing all over our society, the Government poisoned all hoarders of this unaccounted income with demonetization; paralyzing the entire economy. While Indian businesses constantly look for ingenious loop holes to escape this paralyzing situation, the Government continues to execute these infected minds dodging taxes. Undeclared wealth has become synonymous to an acceptable practice making it difficult to gauge the quantum of its existence in our society and having no qualms on our conscience. Hence in this study there is an attempt to highlight methods to curb black money and their hoarders as well measuring the effectiveness of demonetization to bring black money back in to main stream Economy.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{153245,
        author = {RASHMI H. and WERDA EKHLAS},
        title = {A CONCEPTUAL STUDY ON BLACK MONEY AND DEMONETIZATION POLICY},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {8},
        number = {6},
        pages = {219-222},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=153245},
        abstract = {One of the most prevalent and recognized fact which exists in India is the subsisting shadow or parallel economy drawing its breath on black money transactions. The primary idea that drives this tainted economy is tax evasion discoloring our moral roots. In an attempt to cut these evil tendrils growing all over our society, the Government poisoned all hoarders of this unaccounted income with demonetization; paralyzing the entire economy. While Indian businesses constantly look for ingenious loop holes to escape this paralyzing situation, the Government continues to execute these infected minds dodging taxes. Undeclared wealth has become synonymous to an acceptable practice making it difficult to gauge the quantum of its existence in our society and having no qualms on our conscience. Hence in this study there is an attempt to highlight methods to curb black money and their hoarders as well measuring the effectiveness of demonetization to bring black money back in to main stream Economy. },
        keywords = {Demonetization, Black money, Government, Business, Tax evasion},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 8
  • Issue: 6
  • PageNo: 219-222

A CONCEPTUAL STUDY ON BLACK MONEY AND DEMONETIZATION POLICY

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