INDIAN GOVERNMENTS HIGHLIGHTS MAJOR BLACK MARKET MONEY PROBLEM
May 1st, 2012
BY RAGHAVENDRA VERMA, IN NEW DELHI
REAL estate, finance, bullion, jewellery, equity trading and mining sectors in India are prone to generation of black or unaccounted money, which is moved around the world, said a May 21 official finance ministry report 'White Paper on Black Money'. While giving a detailed account of the financial crimes in India and the measures that the authorities have taken to tackle the problem, the report said that, "significant amount of black money is generated through legally permissible [but unaccounted or undisclosed] economic ...
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