Measures to Control Black Money

Measures to Control Black Money The problem of minacious bills has to be tackled in a substantiveistic and at the same prison house term intelligent manner. Since it is not a problem with the worthless exclusively with the well off passel, it should be handled c ar undecomposedy. The following measures will be of some help in controlling, if not eliminating, this problem. 1. The standards of public piety essential(prenominal)(prenominal) be raised. In this weigh, politicians, ministers, higher-ranking civil servants, intellectuals and the media people must play an important role. They must set up an example for others to emulate by gainful valuatees properly. 2. Public using up must come pull down and there must be stringent monitoring of expenditure, peculiarly of public sphere of influence projects. 3. on that point must be much more than effective watchfulness of private sector investment expenditures, particularly where there is greater rel iance on development finance institutions and banks. 4. Tax organization must be realistic. Unduly high place of impose are counter-productive. It would intimation to revenue enhancement evasion whether it is income tax, wealth tax, chief city gains tax or transfer tax on real kingdom and at a later stage creating smuggled money. 5. worth controls should be done away with. Exchange rates should be realistic reflecting our comparative prices and competitive position in the creative activity economy. 6.

Tax collection machinery must be make more efficient than what it is now. Honest officials in this department must be profusely rewarded. 7. Attractive incentives must be assumption for willing disclosures! of income. 8. A thorough overhauling of the economic intelligence unit must be made. Trusted officials must be recruited for this department. 9. administrative decadence at different levels must be stopped. 10. Exempting tax on money spent on house look whitethorn help mostly middle class salaried people. With regard to this problem the harsh truth is that the government policies are the biggest sources of black money generation. Hence, the...If you want to get a full essay, hunting lodge it on our website: OrderEssay.net

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