Stashing of black

afterwards analyzing such numbers it is a matter of utter importance to the Indian Government to thrive B miss money to generate the capital which in term helps India progress. Stashing of gloomy money abroad then encourages people to get hold of in illicit craftsmanship and siphoning of public resources. Thus due to lack of capital the government is forced to concentrate development in urban areas. Rural areas again further remain undeveloped.When a large core Of black money is generated the people owning it engage in drug trade to gain loads of money and finance terrorist act to physically vanquish the authorities through terrorism. The Ministry of The Overseas Affairs can help its outdo by ring to sign more symmetricalnesss such as taxation Information Exchange Agreements with more and more countries. India has already signed this agreement with 13 countries such as the Bermuda, The British Virgin Islands and the Cayman Islands to visit a few.Through these agreements th e Government of India has been trying to pink the flow of Indian black money through these countries through fake banks which exist only on paper. Signing more such agreements will allow India join the spherical crusade against black money and will help the government intercept more black money and prevent illicit trade and terrorism financing in India.