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Showing contexts for: parallel economy in Discussion On The Motion To Consider The Finance Bill, 2011 Moved By Shri Pranab ... on 22 March, 2011Matching Fragments
The problems of tax foregone are also compounded with the circulation of black money in the country and those stashed abroad. According to the data provided by the Swiss Bank, India has more black money than the rest of the world combined. If the Government pursues this money deposited in the foreign banks and controls parallel economy in the country, it can easily cut down the high percentage of fiscal deficit and make huge investment in the social sector. The Government must be pro-active in bringing back the black money.