Black money results in the functioning of a parallel economy. In India, black money refers to funds transacted in the black market, on which income and other taxes have not been paid. It practices those activities which are contrary to the principles of economic policy pursued in an economy....
offshore financial centers they deemed non-cooperative with respect to money laundering and as posing a severe risk to international financial stability, respectively (SharmanCitation2009). In 2008, the International Monetary Fund published a list containing 52 tax haven jurisdictions. The non-profit Ta...
The main demands from campaigners are for an expansion of the Pitchford Inquiry (which is currently limited to England and Wales); or, for the Scottish government to launch a parallel Inquiry. Even the Scottish Tories support the call! So, if all that were required was broad verbal support ...
More precisely, the capacity market has improved the reliability and retained the attractiveness of the product development business by providing sufficient resources and compensating the investors' lost money in the long run. But considering a plan for consumption management, the first option in energy...
and services, which are traded in a black market, do not come from legal channels. Owing to its illegality, the black market economy runs in parallel to the established economy of the state, which is supported by the respective government. The term ‘black market’ encompasses illegal and, ...
“We reached out to every single pimp, hooker, drug dealer, and business partner on Hunter Biden’s laptop…We put all of his emails and photos online… You have FARA violations, money laundering, sex trafficking, and conspiracy to commit bribery…In total, it documents 140 business crimes,...
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and requires a focus on merit and competent technocratic management rather than crony- empowerment based on vested self interest. Until these fundamentals are fixed, there is little hope for the Naira. The world has changed from the days of our being awash with oil money. Many other count...
In the past, the government sought to curb the black market by banning publishing of parallel rates and by asking retailers to price transactions at official rates. It has also cracked down on mobile-money transactions in an effort to stabilize the currency. Share this: Share L...