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It helps in increasing purchasing power,forign reserves and per capita income etc of the country and it also helps in decrising the unemployement rate and reducing poorty in the country.

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What is use of tortoise in black magic in India?

the use of tortise in india is for getting a lot of money doing black magic on it where the tortoise spills out money from its mouth.... hard to believe but its truee


How do you convert white money into black Money?

Black money is Total money minus White money. White money is Total money minus Black money. In todays India everyone have lots of Black Money with them. It is common phenomenon that most of the people converts or they want to convert their Black Money into White Money. 1. Black money can be convereted into White money by donations to PM funds, National emergency fund, Forming educational institutions and trusts. 2. Go to a Jeweller and give him the amount of Black money you want to convert it into White money. He would give you a Cheque back for the same amount less 4%. He would give you a Reciept to show that you have Sold Jewellery to him. On the amount of the cheque when you file your returns you will have to pay capital gain tax. The money is White now.


What are the advantage of tourism in Bhutan?

People come and give you money to look at your old broken stuff.


Why is the UK a richer than India?

UK is richer than India because India is not that rich and cannot afford to buy expensive building but the UK can. India is like Africa


How mush black money in India?

According to a Swiss Banking Association Report (2006), "India has more black money than the rest of the world combined." India has stashed almost $1.456 billion in black money in Swiss banks. Black money is income obtained by illegal activities that is not reported to the government to avoid income taxes. See the related link for a report from the Times of Bombay.

Related Questions

How much total black money in India?

there are 1,456billion$ black money in India


How many people hide black money in India?

The people mostly have there black money in swiz bank. But now they are keeping there money in there same location.. As golds documents etc. There is no correct answer for this question.


How much Black money in India?

Black money in India is $1,456 billion


How much black money are present in India?

1250000000000.........evry indian people collect 2 lakhs..


Who is the highest black money holder from India?

there are many black money holders in india or in the whole world.but i also don't knew names of them, sorry.


How black money stored?

Black money is something used in India. It is what money that is earned on the black market is called. This money is often stored in Swiss banks.


What is the total black money in India WHERE IS?

Kin pa black money ha mereko nam bat


How do you overcome black money in India?

Plzz dont think that black money was not in the headline... If you want to over come from that.... I want to be the president of india..... Plz do something for me ............... Than i do for the country........... And i bit..... That black money will be converted into white money............ Than 1rs=5$


Who are the black money holders in India?

Political Leaders


What is the total black money present in India?

72lakshcrores


Which banks hold indian black money?

A Big Part Of India's Black Money Is Held By Swiss Bank.


Who is the person with most black money in India?

Rajeev Gandhi.