Presented By Azhar Maniyar [Sr.No.

13]

A country where the workforce gives taxes gives the country a chance to prosper, develop and grow. But there is a dark brutal force which hurts and hinders the progress and development of a nation- Black Money. Black money is referred to as the money earned by people or organizations by sale, trade or business and which is unaccounted for.

Dishonest industrialist, scandalous politicians and corrupt officers. E.g. River interlinking 5l.c. Even the common man now-a-days who doesnt pay taxes. Even education systems. Piracy

India $1,456 BILLION

Russia $470 BILLION U.K. $390 BILLION

Ukraine $100 BILLION

China $96 BILLION

 The Black market is not a physical place. Avoiding tax payments or profits made from

theft.
Affairs are conducted outside the law, and so are

necessarily conducted in the dark, if not literally, then metaphorically, out of sight of the law.

Government Intervention
Restrictive Selling practices e.g. Alcohol, Tobacco High Tax rates e.g. Diesel, petrol etc Banned Products e.g. Narcotics

Market Shortage
Under estimation of demand Purposeful limited editions to attract attention or exclusivity.

The eBay sellers. They come with all sorts of excuses - 'I broke my leg and can't attend so I'm selling the tickets', or 'I accidentally bought an extra ticket' - (and then added an extra Rs 1000 for their 'mistake').

Gray market is the trade of a commodity through distribution channels which could be Legal e.g. a mobile shop Unofficial e.g. nokia repairs Unauthorized / Unintended by the original manufacturer.

Popular Gray Markets

Chor Bazaar Manish Market

Jummeraat Bazaar

Non-Disclosure Treaty nullifying. Ensure India friendly global anti-secret banking rules. Appoint a special emissary to International Banks. Develop a proper Institutional infrastructure to fight the flight-of-capital.