Speech on black money. On Black Money Math In PM Narendra Modi's Speech, Arun Jaitley Says 'No Confusion' 2022-10-21

Speech on black money Rating: 9,4/10 934 reviews

Black money, also known as illicit or undeclared wealth, is a major problem in many countries around the world. It refers to the income or wealth that is earned through illegal means or is not reported to the government for tax purposes. This type of money is often associated with criminal activity, such as drug trafficking, arms smuggling, and human trafficking, as well as corruption and tax evasion.

The existence of black money has a number of negative consequences for society. For one, it undermines the integrity of the financial system and the rule of law. When people engage in illegal activities to earn money, they are operating outside of the legal framework and are not subject to the same regulations and oversight as legitimate businesses. This can lead to a lack of transparency and accountability, and can create opportunities for corruption and abuse of power.

In addition, black money has serious economic consequences. By not reporting their income, individuals and businesses are able to avoid paying their fair share of taxes, which hurts the public treasury and reduces the resources available for important government programs and services. This can lead to a lack of funding for things like education, healthcare, and infrastructure, which in turn can have negative impacts on the overall well-being of the population.

There are also social and cultural impacts of black money. When some people are able to get rich through illegal means, it can create a culture of distrust and cynicism. This can lead to a lack of faith in the government and the legal system, which can further undermine the rule of law and the social fabric of society.

So what can be done about black money? There are a number of steps that governments and law enforcement agencies can take to combat this problem. One approach is to increase efforts to detect and prosecute those who engage in illegal activities or fail to report their income. This can include strengthening financial regulation and increasing the resources available to agencies responsible for enforcing the law.

Another approach is to provide incentives for individuals and businesses to report their income and pay their taxes. This could include tax breaks or other financial rewards for those who comply with the law. Governments can also work to educate the public about the importance of paying taxes and the negative consequences of black money.

Ultimately, addressing the problem of black money requires a multifaceted approach that combines law enforcement efforts, financial regulation, and public education. By taking these steps, we can help to create a more transparent and accountable financial system, which will benefit society as a whole.

PM Modi's powerful speech on black money, corruption greeted with roaring applause and standing ovation in Goa

speech on black money

Foreign tourists will be able to exchange foreign currency or old notes of not more than Rs 5000 into legal tender. If you need to give a one-minute speech anywhere, you can utilize the short speech on money. The money is certainly real and can be paid for in cash for other transactions that are also considered illegal because no tax is exempted from them due to the sole reason of the undocumented form of spending and earning. Prosecutor, Serious Fraud Office: And the investigation began to grow and grow, and it was proceeding reasonably smoothly, although it was a very difficult one. They knew exactly where they wanted to go. Black money is created in many ways.

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PM Narendra Modi’s full speech on black money crackdown: Here’s how the government scripted history

speech on black money

But he did have these documents. One is always on the go when driven by such a powerful commodity. As a result, we can go about our daily lives with ease and overcome even the most challenging problems. In the first few days, there will be a limit of two thousand rupees per day per card. Brothers and sisters, To break the grip of corruption and black money, we have decided that the five hundred rupee and thousand rupee currency notes presently in use will no longer be legal tender from midnight tonight, that is 8th November 2016. Congress to the selling of American equipment to the Saudis. The solution is very simple and within our reach.

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PM Narendra Modi on black money: Top 10 quotes from his speech

speech on black money

Additional funding for this program is provided by the Nathan Cummings Foundation and by Disney Nature Films Presents Earth in movie theaters this Earth Day, Wednesday, April 22. They are generally treated very rudely by their children and grandchildren. For years, this country has felt that corruption, black money and terrorism are festering sores, holding us back in the race towards development. We also assessed and filed prosecutions against holders of Liechtenstein accounts. Honest citizens want this fight against corruption, black money, benami property, terrorism and counterfeiting to continue.

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Bill Cosby's Famous "Pound Cake" Speech, Annotated

speech on black money

To be sure, urging citizens to use less cash and resort to digital transactions is a laudable objective and must certainly be encouraged. In Panama Papers , there are two kinds of people. For 72 hours, till midnight on 11th November, railway ticket booking counters, ticket counters of government buses and airline ticket counters at airports will accept the old notes for purchase of tickets. Prime Minister Narendra Modi The speech in English lasted 25 minutes. He did not provide one. And so I decided to ask one of my investigators to go out and find out how they did it. The fact that you need to save money for future crises, business troubles, travel, any type of emergency, achieving a long-cherished dream, or anything else should not be forgotten.

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Modi's speech against black money: Historic moment against black money in India

speech on black money

It has been a matter of concern for all of us that corruption and black money tend to be accepted as part of life. Arnab Goswami suddenly quit as the Editor-in-Chief of Times Now, popularly know for its popcorn journalism, only to come back and host the show, The Newshour earlier today. This is a favourite subject which will again be repeated with more updated figures. The limit for this is Rs 4000 up to 24th November 2016. And before your mother got off the bus and to the house, she knew exactly where you had gone, who had gone into the house, and where you got on whatever you had one and where you got it from.

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Essay on Black Money For Students in English

speech on black money

Small producers shall be encouraged by the grant of industrial licenses, import quotas of raw materials, and loans from banks. This tax imposition is done so the money collected as income tax can be used as a part of government projects for the sake of people. In which case, the increase in digitisation would have happened even if there was no demonetisation. The two most common vehicles for dark money in politics are politically active nonprofits and corporate entities such as limited liability companies. What does political dark money look like? These are the evils of black money. This is for the benefit of those families whose members may be unwell.

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9 Must Know Facts About Modi's Speech On Black Money

speech on black money

Even his virtues become major vices. Its effect on the economic setup is dangerous. I left my home and family for the nation. In the past two years, when the impact of demonetisation and other steps is analysed, the income tax returns have increased by 19 per cent and 25 per cent. The causes of old-age problems lead us to find some solution. They live in tax-free land and evidently, it is working because the government still soars high in making progress economically. In the immediate aftermath, many fell for this narrative, even those driven over the edge by the acute shortage of cash.

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Arun Jaitley: All you want to know about FM’s speech on black money in 5 pts

speech on black money

So a thorough change of attitude is the only solution. The only saving grace is that so far the action line is generally limited to inflicting the mental torture on the elderly men and women. So the rich grow richer while the poor become poorer. Farmers: The agriculture sector has been a focus of prime minister's I-Day speeches. A person held guilty of holding benami property faces rigorous imprisonment of 1-7 years and a fine of up to 25 per cent of the property's market value. This was a treaty that was set up to ensure maximum flexibility for the purchase of arms. The paper's answer therefore does not even address the black money issue, which was the major objective of demonetisation.

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Black Money to Going Cashless: How Modi Shifted the Goalpost

speech on black money

Such moments come but rarely. Persons holding old notes of five hundred or one thousand rupees can deposit these notes in their bank or post office accounts from 10th November till close of banking hours on 30th December 2016 without any limit. According to government data, Rs 1. It was the big corporations who could out-buy us any day of the year. As a result, 200,000 such individuals filed their returns, paying self-assessment tax of Rs 6,416 crore. His health breaks down and his mind is stunted. What matters is the strength of the whole team, not its average height.


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