Question

5 sentences about black money

Answer 1

       Illegally earned money is called black money.  It is the result of hoarding, smuggling, tax evasion and dealing in immovable property for which the consideration is paid in black.  It has been beyond the control of the Government.  The black money has already created a serious problem in our country.

                The Indian economy stands badly shattered because of the huge amount of this trainted wealth lying in the coffers of the rich.  It has given rise to parallel economy operating in the country. As a becoming poorer while the rich go on becoming richer.  The gap between the haves and the have-nots is widening every day.