Posts Tagged ‘scams’

Corruption, Scam & Black money – India’s reality

Corruption, Scam & Black money – India’s reality

Since last few days corruption and scams has became prime point for discussion. Coal scam, 2G scam and common wealth game scam has cause impression that India is center for corruption, scams & black money. According to World Bank research report India’s present parallel economy is 30% of GDP. Black money is causing negative impact on GDP and government income through tax. Economic transaction for which no records are kept is called as part of parallel economy or black economy. […]