Black economy

India's 'black economy' exceeds Thailand and Argentina's GDP: Study

India's 'black economy' exceeds Thailand and Argentina's GDP: Study

Pegging India's 'black economy' at over Rs 30 lakh crore or about 20 percent of total GDP, a new study says it has been contracting gradually over the years but still remains bigger than the overall economic size of countries like Thailand and Argentina.

Jun 05, 2016, 13:55 PM IST
Black money: Sebi must have monitoring mechanism to study rise of stocks, says SIT

Black money: Sebi must have monitoring mechanism to study rise of stocks, says SIT

Submitting its recommendations on black money in its third report, the SIT said that Sebi India must study P-note misuse for money laundering.

Jul 24, 2015, 16:38 PM IST

Take steps to unearth domestic black money: Govt to I-T dept

Parliament recently passed the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Bill, 2015, to deal with black money stashed abroad.

May 25, 2015, 16:13 PM IST

Serious operation needed to combat 'black money cancer': SIT

The Special Investigation Team (SIT) on black money on Friday said a "serious operation" of strictly enacting and enforcing anti-tax evasion laws is the only solution for combating and winning over the "cancerous" menace of illegal funds stashed abroad and within the country.

May 22, 2015, 23:48 PM IST

Karachi`s black economy generated Rs 830 mn daily: Report

At least Rs 10 million is paid as extortion on a daily basis in different areas of the city while short-term kidnapping for ransom amounts to Rs 50 million, the Geo News channel reported yesterday.

Sep 04, 2013, 16:46 PM IST

Karachi's black economy generated Rs 830 mn daily: Report

Criminal gangs in Pakistan's financial capital Karachi generated a staggering Rs 830 million daily in black economy, according to a report.

Sep 04, 2013, 15:44 PM IST