Stashing of black

After analyzing much(prenominal) numbers it is a matter of utter importance to the Indian political sympathies to thrive B pretermit capital to generate the detonating device which in term helps India progress. Stashing of scorch money abroad then encourages people to engage in extracurricular good deal and siphoning of public resources. Thus due to lack of capital the government is forced to concentrate learning in urban areas. Rural areas again still remain undeveloped.When a large amount Of black money is generated the people owning it engage in drug trade to gain loads of money and pay terrorism to physically overpower the authorities by terrorism. The Ministry of The Overseas Affairs can help its vanquish by ring to sign more(prenominal) agreements such as Tax 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 name a few.T hrough these agreements the Government of India has been trying to mediate the flow of Indian black money through and through these countries through fake banks which exist only on paper. Signing more such agreements will drop out India join the global crusade against black money and will help the government intercept more black money and prevent illicit trade and terrorism financing in India.