Black Money


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Black Money

A scam in which the scammer attempts to convince a victim that black construction paper (or similar material) is in fact dyed money. Such scammers send e-mails stating that they have a large amount of money that has been dyed black to avoid customs. The scammer then asks the victim to pay for the chemicals to take off the dye in exchange for a percentage of the money. An alternate version of the scam involves actually showing the dyed "money" to a potential victim. It originated around 2000.
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24 ( ANI ): Congress President Rahul Gandhi on Wednesday took a potshot on Prime Minister Narendra Modi, reminding him of his earlier promise of bringing back black money stashed abroad.
14bn through the Hill Metal Establishment and this black money was meticulously whitened by transferring it into different accounts,' he said.
A video posted by the Prime Minister said the nation was in a dire state due to corruption and black money when he became the Prime Minister, and called demonetisation a step which was never taken before or even thought of in independent India.
Justice Faisal Arab remarked that concerns of black money arise as Tareen showed high agricultural income.
During 2014 alone, the inflow of black money was about USD 101 billion while the outflow was USD 23 billion, it said.
Modi said people should not have been surprised with the demonetisation decision as he had been vocal and frank about his campaign against black money and corruption in the run up to the 2014 polls.
No one disputes the urgency to get rid of the menace of black money and fake currency.
Calling the move one that would fight the disease of black money, Modi said all Rs 500 and Rs 1000 notes must be deposited at post offices and banks by the end of December.
In the 2014 elections, nobody tapped the public mood against corruption as well as Narendra Modi - one of whose promises included bringing black money stashed abroad back to the country and crediting each citizen's bank account with Rs 15 lakh.
The Swiss Banking Association said that India, which took fourth place for outflow, holds more black money than the rest of the world combined.
com)-- LexisNexis India, a leading publisher of legal, tax, academic and test-prep books launched a new book on Black Money titled "It's Raining Black