Black money: Chemicals, construction, mining among 11 sectors seen generating more unaccounted incomes

Black money: Chemicals, construction, mining among 11 sectors seen generating more unaccounted incomes

Chemicals and chemical products, construction, land transport, agriculture, petroleum products, iron and metallic products, are among the 11 sectors seen as “more prone to generation or utilisation of unaccounted incomes”, according to a government-commissioned report on black money. Electricity, communication, mining, machinery manufacturing, and trade and business services are the other sectors, the National Institute of Public Finance and Policy (NIPFP) report on black money said while estimating that about Rs 5.3 lakh crore (at the current exchange rate of Rs 64/US dollar) flowed out of India illegaly in 2007. Read More…

 

 

Credit By: Financial Express

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