BLACK MONEY WHITE PAPER M A Y 2 0 1 2 MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NEW DELHI |ÉhÉ´É àÉÖJÉVÉÉÒÇ PRANAB MUKHERJEE ÉÊ´ÉkÉ àÉÆjÉÉÒ‚ £ÉÉ®iÉ FINANCE MINISTER INDIA Foreword In the past year the public discourse on the issue of corruption and black money has come in the forefront with the active participation of the civil society and our Parliamentary institutions. Two issues have been highlighted in this debate. First‚ several estimates have
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Indian black money From Wikipedia‚ the free encyclopedia In India‚ Black money refers to funds earned on the black market‚ on which income and other taxes has not been paid. The total amount of black money deposited in foreign banks by Indians is unknown. Some reports claim a total exceeding US$1.4 trillion are stashed in Switzerland.[1] Other reports‚ including those reported by Swiss Bankers Association and the Government of Switzerland‚ claim that these reports are false and fabricated‚ and
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important of saving money Nowadays‚ money is important to us in our life. Without money‚ many thing will not success and we will get many problem and tough in our life. Every people think that money is important for them‚ all of us work hard to hope can get more and more money. The money is wont enough in our daily life. We should save the money that we have but not use all of it. If we have sick‚ we should need money to but medicine or see doctor. If we do not have money‚ we will can’t get a
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of inflation on the functions of money Money refers to any commodity which functions as medium of exchange or the settlement of a debt. In a modern economy bank notes and coins clearly form part of the money supply as they are acceptable in the settlement of all transactions. Moreover some transactions are settled by cheques drawn on bank deposits in current accounts (also known as sight or demand deposits). Thus current account deposits also form part of money supply. Deposits accounts with banks
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Juan Carlos Campus of Móstoles “Money‚ Interest Rate and Exchange Rate” International Economics KEY CONCEPTS: Finance & Markets Before you jump right to the main topic of our project we need to clarify some concepts that will be of great help in understanding the topic‚ "Money‚ Interest Rate & Exchange Rate". BONDS MARKETS The international bonds markets is‚ where firms and governments raise money; are less known than the equity markets but are more influential
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Prof. Khen Enriquez This article will explain the financial concept of time value of money. The overview provides an introduction to the principles at work when money grows in value over time. These principles include future value of money‚ present value of money‚ simple interest and compound interest. In addition‚ other concepts that relate to factors that can impede the growth in value of money over time are explained‚ including risk‚ inflation and accessibility of assets. Basic formulas
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Money Supply in India Submitted to Dr. B.Padma Narayan By Feroz Khan (1226113114) & B. Harish Kumar (1226113118) Introduction: The supply of money is a stock at their particular point of
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Session Three Money Demand and Money Supply Demand for Money: Liquidity preference of a particular individual depends upon several considerations. The question is: Why should the people hold their resources liquid or in the form of ready money when they can get interest by lending money or buying bonds (a store value of money)? The desire for liquidity arises because of three motives: (i) The transaction motive; (ii) The precautionary motive; (iii) The speculative motive. The Transaction
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To different people money is important in many ways. Money is used to do a lot‚ you use it to buy a house so you have somewhere to live instead of living under a bridge‚ you use it to keep your car running properly‚ and without money a lot of people wouldn’t be happy. Without money people cannot live healthy. You need money to buy food‚ clothing‚ and personal hygiene products. Some people go over bored and think that money is a necessity to have and whine up going over board and buying things non-essential
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about the statement money can bring happiness.Totally‚I agree with this statement.I think money can bring happiness actually.‚I am going to give three reasons to explain why I feel money can bring happiness>Money allows people to buy everything that they want‚ it gives a sense of security people do not have to worry and money can be used to help others which gives satisfaction The first reason is that money allows people to buy everything that they want. If someone have a lot of money‚or she can buy
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