Why Black Money is ‘Bad’?
We have been trying to find colour in this bicolored black and white world. When it comes to the colour of money, it gets more covert and enthralling. We have been hearing about lakhs and thousands of crores of “black money” being amassed away in “benaam” bank accounts, “chupa rustam” lockers, tax havens and even in big boots of imported bravura cars of loaded businessmen, corrupt officials, mafias and some “honest” politicians. So what does this term “Black Money” or “Kala Dhan” which we habitually hear our society use for anyone who lives a lavish lifestyle actually mean?
Where does it come from? Where can it be used?
As Wikipedia suggests, “Black money refers to funds earned on the black market, on which income and other taxes have not been paid.” Sounds tricky, right?
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