I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
Wednesday 19 October 2016
Black Money in India and its current status (Sudip Bhattacharyya, South Asia Monitor)
The term ‘black economy’ typically refers to the economic activities outside formal banking channels and includes cash transactions in high-value assets like gold and real estate. Money generated in ‘black economy’ is ‘black money’. It is essentially money which has been earned but on which taxes have not been paid.
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