Why is that in India,black money is not tamed ?

Question

Accepted Answer

Black money in India is not tamed due to various reasons including corruption, tax evasion, and lack of effective measures.

Corruption: Widespread corruption among government officials and politicians allows black money to thrive.
Tax evasion: High levels of tax evasion by individuals and businesses contribute to the accumulation of black money.
Lack of effective measures: Inadequate enforcement and loopholes in the legal system make it difficult to curb the generation and circulation of black money.
Parallel economy: The existence of a large informal sector and cash-based transactions provide opportunities for the generation and hoarding of black money.
Political influence: Black money often finds its way into political campaigns and funding, making it challenging to address the issue effectively.
Complexity in financial transactions: The complexity of financial transactions and lack of transparency in certain sectors make it easier to generate and hide black money.
Lack of public awareness: Limited awareness among the general public about the negative consequences of black money hinders collective efforts to combat it.

Accepted Answer

In India, black money is funds earned on the black market, on which income and other takes have not been paid. Also, the unaccounted money that is.........

Why is that in India,black money is not tamed ?

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