BLACK MARKETING AND BLACK MONEY

BLACK MARKETING AND BLACK MONEY

1. BLACK MARKETING AND
BLACK MONEYBLACK BLACK
MARKETING AND MARKETING AND
BLACK MONEYBLACK MONEY

2. BLACK MARKETING
A black market or underground economy is
the market in which goods or services are
traded illegally.
Common black markets are - Drugs (Both
Legal & Illegal),Slave Labor, Animals
(Particularly Furs and Exotic creatures),
Human Organs and Stolen Goods.

3. causes of black
market:
When the supply of goods is not equal to the
demands
 Increasing level of poverty and unemployment
Due to corruption
There is no Controls on licensing system
Due to lacking of education and awareness

4. black moNeY
Money which is earned through any illegal activity
controlled by country regulations. 
Sources of black money include drug trafficking,
weapons trading, terrorism, human trafficking,
selling counterfeit or stolen goods and selling
pirated versions of copyrighted items such as
software and musical recordings.
The recipients of the black money moves their
black income by using HAWALA system and by
depositing in SWISS BANK.

5. Cont…
As per the leaked HSBC reports there are about
1195 Indian account holders with swiss bank and
their account balance stood at US $3.8 Billion.
The account holders are mainly Ministers, Liquor
Traders, Top Industrialists, Senior Officers, Civil
Servents, etc.
Consequences
Poverty
Inflation
Reduces Development
Terrorism

6. ReCommendations foR
legalization
Simplify/Rationalize tax laws
Consolidating the public sector and making
administrations more efficient
Reduce red tapism
Stringent laws to curb money
laundering/corruption
Creation of awareness among students on the evil
of black marketing and black money
Regulation on election spending and donation to
political parties/ organizations

7. THANK YOU
THANK YOU