1. BLACK MONEYBY:DAKSH VERMACHIRAG JAIN

2. WHAT IS BLACK MONEY ??Assets or Resources that have neither beenreported to the public authorities at the time oftheir generation nor disclosed at any point of timeduring their possession 3. BLACK MONEYILLEGAL LEGAL(Risky) (relatively) 4. Racketeering, trafficking in counterfeit and contrabandgoods, smuggling, production and trade ofnarcotics, forgery, illegal mining, illegal felling of forests,illicit liquor trade, robbery, kidnapping, humantrafficking, sexual exploitation and prostitution, cheatingand financial fraud, embezzlement, drug money,bank frauds, and illegal trade in arms. 5. THROUGH LEGAL ACTIVITIES1.TAX-EVASION (SIMPLE AND VULNERABLE)2.MANIPULATION OF FINANCIAL RECORDS AND ACCOUNTING(SOPHISTICATED APPROACH) 6. THROUGH LEGAL ACTIVITIES 7. VULNERABLE SECTIONS OF ECONOMY1. Land and real estate transactions2. Bullion and jewellery transactions3. Non-profit sector4. Financial market transactions5. Public procurement6. External trade and transfer pricing 8. External Trade and tranfer pricingTax havens : low or nil taxationOffshore financial centres 9. ESTIMATION OF BLACK MONEY 10. INPUT - OUTPUT METHODA second line of text could go hereIt consists of using the input/output ratio along with the inputto calculate the true output.EXPECTEBLACKACTUAL DOUTPUT MONEYOUTPUT 11. CIRCULATORY APPROACHBased on the fact that money is needed tocirculate incomes in both the black and accountedfor economies.MONEY OFFICIAL BLACKINECONOMONEY CIRCULAMYTION 12. SECTORWISE APPROACH Blackcomponent inprimary sectorBlackBlack component incomponenet Tertiaryin secondarySector sectorTotal Black Money 13. SURVEY APPROACHConsumption patterns are identified fordifferent samples of populationThen the total consumption is comparedwith the summation of these samplesurveys 14. Racketeering, trafficking in counterfeit and contrabandgoods, smuggling, production and trade ofnarcotics, forgery, illegal mining, illegal felling of forests,illicit liquor trade, robbery, kidnapping, humantrafficking, sexual exploitation and prostitution, cheatingand financial fraud, embezzlement, drug money,bank frauds, and illegal trade in arms. 15. CHAIN EMAILA chain Email, which first started circulating on the Internet in early2009, states that Indians have more money in the Swiss banks thanall other countries combined. It claims that as per a Swiss BankingAssociation report in 2006, bank deposits in the territory ofSwitzerland by nationals of a few countries are as under#1 ..India- US$1456 billion,Russia- US $470 billion,UK-US$390 billion,Ukraine-US$100 billion,China-US$96 billion. 16. GFIS REPORT 17. SWISS NATIONAL BANK SPOKEPERSON 18. INDIA V/S THE WORLD 19. ILLICIT FLOWS 20. IF BLACK MONEY COMES BACK 21. IF BLACK MONEY COMES BACKThis amount is about 13 times larger than thecountrys foreign debtOur fiscal deficit would reduceInflation can be controlledINDIRECT EFFECTS 22. IF BLACK MONEY COMES BACK(BLACK SIDE)1.If the black money comes back to India, will it notcreate inflation? Too much liquidity chasing too fewgoods?2. When we pay off all our external debt and ourcurrency appreciates as a result of that, will not ourexports be severely affected and imports become verycostly - which again will lead of inflation?3. If people who deposited the money in foreign banksbring it back, will it not create more inequaities inIndia? Some people will become very, very rich andsome still remaining the same? 23. IF BLACK MONEY COMES BACK(BLACK SIDE)4.Rupee may get devaluated.5. Will not availability of huge black turned whitemoney in the open market economy will affect Indianbanking systems negatively? 24. GOVT.S PROBLEMIMHO, the Government has got a bigger problem, viz.,1. They should get the details from the Banks abroad.2. They should get the details of the assets heldabroad by Indians3. They should trace the origin of all the FIIinvestments happening in India to ensure that it is notthe black money which is coming back through thisroute.4. They should tax all the four things mentionedabove.