International Monetary System
International monetary system refers to the collective global arrangement for smooth settlement of trade and capital transactions in agreed international …
Read MoreFinancial Action Task Force (FATF)
The Financial Action Task Force (FATF) is a global standard setting body for anti-money laundering and combating the financing of …
Read MoreShell Company
Shell Company is a corporate entity without active business operations or significant assets. They are often created to avoid taxes …
Read MorePradhan Mantri Garib Kalayan Yojana
The Pradhan Mantri Garib Kalayan Yojana was a scheme to trap black money that came as a follow up initiative …
Read MoreVoluntary Disclosure of Income Scheme (1997)
Voluntary Disclosure of Income Scheme (1997) was an amnesty scheme that allowed people to disclose black money, convert it into …
Read MoreIncome Declaration Scheme 2016
The Income Declaration Scheme targets domestic black money and was launched on 1st June 2016 with the starting of a …
Read MoreParallel Economy
Parallel economy is the functioning of an unsanctioned sector in the economy whose objectives run in opposite to the objectives …
Read MoreBlack Money
Black money or black income refers to the income that is not revealed to the tax authorities and thus has …
Read MoreDemonstration effect (economics)
Demonstration effect refers to the consumption habit of the people to imitate the consumption trends adopted by other people.
Read MoreFinancial Savings
Financial savings refers to the savings made by people in bank deposits, government securities, mutual funds, shares, bonds etc. The …
Read More