As from the above pictures you can see the way of corruption in India.
There are many other aspects of Black money which is affecting the society and a large amount of Black money is being generated and used, that is “Spirituality”.
Now let’s have a look at the cases of “NIRMAL BABA” and “RADHE MAA”.
They both are generating a large amount of Black money in the name of spirituality. If anyone wants to meet Nirmal baba personally then he shall have to pay a heavy amount which a normal man cannot afford, I can say that which is out of one’s pocket. Similarly to listen his teachings in “Nirmal darbar” one has to pay a minimum amount of Rs.2000 per seat at the Back rows, and for the front seat the charges would be different and more than back rows. And as per the reports, it is also found that many times his bank account is credited by the unknown donors with a huge amount. In this way there generate black money by fooling innocent people by calling himself as a spiritual leader, those who blindly believe in spiritualty.
RADHE MAA who calls herself as an “Avatar of Maa Durga”, wears heavy jewellery, and bridal dresses, and her jewellery and dresses never repeated. See, how much they have as a black money, and spending that money either for their personal growth or in unofficial purposes.
In India, people are more emotional towards spirituality as compared to other countries, and many such “BABAs” and “MAAs” make misuse of their feelings and sentiments and referring themselves as a spiritual leaders and generate a massive amount of Black money.
Another reason which is responsible for maximizing the ratio of Black money or for the generation of Black money is “corruption” in the every field of Indian economy. For example-
If a person wants to get a job in any private institution, bank etc. he will have to pay a particular part of money as in consideration to the authority of that respective institution i.e. bribe to be paid. And for this, common man is forced to generate black money through illegal ways. In this both the public institutes and the public are responsible in generation of Black money.
Likewise, if a student wants to take admission in reputed universities or institutes for quality education, he will have to pay a huge amount for admission, as in terms of Donation.
In many reputed organizations, institutes they charge a large amount of fees as in terms of examination fees, tuition fees, co-curricular activities fees etc. which is excluded from the actual course fees. These all type of charges are charged not for the benefits of students, they all are just for the growth of their personal institutes, and used for unofficial purposes to remain stable in competitive market. “Institutes are now a days becomes a source of business.”
According to 3rd report published in May, 2012 SWISS NATIONAL BANK estimates total deposits as follows:
From the above analysis we can clearly see that India which was popularly known as “Golden Bird” because of the people of the country, as they are more civilized in terms of co-ordination and co-operation, as they worked with a very enthusiastic and honest manner, as they were happy with their available sources, as they knew about their lifestyles and society cultures. That India is on the Top position in case of BLACK MONEY.
I know it is unacceptable and unexpectable thing, but it is TRUE. Because the recent condition of India, Indian economy, and Indians Is worse than other countries. There is no honesty, and enthusiasm in their works, there is no proper co-ordination and co-operation between the individuals. Everyone is getting jealous of others as in terms of lifestyles, standards etc. no one is happy with their available sources. A middle class man desires to be Rich, Rich man wants be a millionaire, and so on. That is the main reason for the absence of co-ordination and co-operation between them. Everyone thinks about their personal growth, to increase their standards or lifestyles whether sources are available with them or not. And for maximization of income sources, they use illegal ways of earnings, evade taxes and generate Black money. Even the politicians, officers, ministers of our Indian economy thinks about their personal growth rather than economic growth of the country.
Another aspect of Black money in India is “Manipulation of Accounts”. Accounts can be manipulated by following ways:
Maintenance of out of books transactions.
Maintenance of two parallel books of accounts.
Under report of production figure.
It leads to increase in inequalities of income which creates a wide gap between the Rich and Poor people of our country, which the main issue of our country nowadays.
It leader to wasteful consumption of available resources, which directly affects the Indian economy.
It leads decrease in the work efficiency of people as they get used to earn Black money.
We cannot completely control the issue of black money instantly, we can overcome the problem of Black money by decreasing its utilization. It is only possible if Central and State government applies some strategies and policies. Which are as follows-
To control Criminal Activities
Special Investigation Teams
Less formation of Committees
Control over Corruption
To strengthen the Social Values
From the above discussion, we cannot say that India is a poor country, as we can see from the table that we have the highest deposits in SWISS BANK. If all that Black money brought back and converted to White money, Our India will again be called as a “Golden Bird”.