Measures to Control Black Money

Measures to Control Black Money The problem of minacious currency has to be tackled in a substantiveistic and at the same prison term intelligent manner. Since it is not a problem with the despicable 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 mustinessiness(prenominal) be raised. In this experience, politicians, ministers, elderberry bush civil servants, intellectuals and the media people must play an important role. They must set up an example for others to emulate by give valuatees properly. 2. Public using up must come lot and there must be stringent monitoring of expenditure, specially of public welkin projects. 3. on that point must be much much effective watchfulness of private sector investment expenditures, particularly where there is greater reliance on development finance i nstitutions and banks. 4. Tax organization must be realistic. Unduly high place of impose are counter-productive. It would guide to measure evasion whether it is income tax, wealth tax, chief city gains tax or transfer tax on real country and at a later stage creating mordant money. 5. footing controls should be done away with. Exchange rates should be realistic reflecting our comparative prices and competitive position in the earthly concern 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 self-imposed disclosure s of income. 8. A thorough overhauling ! of the economic intelligence unit must be made. Trusted officials must be recruited for this department. 9. administrative degeneracy 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, roam it on our website: OrderEssay.net

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