From 722456d62bed10585426b776701427fdc27c2ec5 Mon Sep 17 00:00:00 2001 From: jethin chowdary Date: Thu, 16 May 2019 14:38:23 +0530 Subject: [PATCH] Update Black Money --- Black Money | 8 ++++++++ 1 file changed, 8 insertions(+) diff --git a/Black Money b/Black Money index e69de29..a522acd 100644 --- a/Black Money +++ b/Black Money @@ -0,0 +1,8 @@ +The unaccounted money that is concealed from the tax administrator is called black money. +Now a days in india one of the issue is black money. +Almost every politician, bussiness man, some of the memebers as lot's of black money. +It was mainly done by the corrucption like some of the hospitals, bussiness, elections, etc.... +By the july 2011 $500 billion of illegal money was an estimated based on a statement placed in superem court. +The total money depositied by indian in foreign banks is unknown +Some reports claim a total of US$1.06 - $1.4 trillions is held illegally in Switzerland. +In March 2018, it was revealed that the amount of Indian black money currently present in Swiss and other offshore banks is estimated to be ₹90 lakh crores or US$1500 billion -- GitLab