Most people have a nebulous notion of black money; hence they have limited knowledge about it and are not able to come together to fight against this menace. This is where the book, Black Money in India: Meaning, Magnitude and Measures steps in to fill the gaps in knowledge. It exposes how the intricate web of corrupt elements (politicians, bureaucrats, corporations, judges, lobbyists, etc.) has engulfed the economy, social order, national exchequer and moral foundation of India through its spurious practices and abuse of power. It deals with the causes, effects and methods of black money propagation in detail. It discusses the detrimental effects of various black money channels like money laundering, political funding, hawala transactions, terrorism funding, round tripping, etc., and these effects are demonstrated through eye-opening statistics and data.
This book not only focuses on the basic and advanced dynamics of black money in India, but also discusses at length the global black money scenarios and statistics to present to the readers a holistic picture of this peril gnawing at the very foundation on which our world stands. It throws light on various past anti-black money measures like voluntary disclosure schemes, demonetization, etc., and their pros and cons, and at the same time, presents a revised and comprehensive multi-pronged strategy as to how to minimize black money. It gives a blueprint of how the key stakeholders of India and the world, including the government setup, business world, media, human rights groups, civil society, and international development agencies can help to curb black money transactions and flows occurring at the national and international interfaces.
This book is a genuine attempt to build a collective momentum and public support for matters of national and global significance, especially for tackling the global crisis of black money.
Chitra Lele is a young record-setting author, research scholar, award-winning poet and software consultant. She is a double postgraduate: Master in Computer Management and Master of Science in Software Engineering. She holds several professional certifications in the field of software project management. Her publications include poetry anthologies, scholarly articles, research papers and academic books. She has been conferred with the title of “A Versatile Writer” by the India Book of Records for penning maximum number of books in a short span of 18 months in various genres. Some of her book titles are: The 6 Spheres of Life: Unlocking the Door to Success and Happiness, Holy Hues, Divine Decorations, Corruption in India: Causes, Effects and Reforms, and many more.
