corruption also
impairs the growth of the country's economy and functioning of the
bureaucracy. The effect of corruption is that a person ... money in the official / formal economy and
results into a parallel economy which further deprives the State of its
rightful use by way of taxes
consequences on social cohesion. Economic offences of this nature create a parallel economy and threaten the national economic stability.
41. International criminal networks which
consequences on social cohesion. Economic offences of this nature create a parallel economy and threaten the national economic stability.
40. International criminal networks which
Such criminal activities not
only stifle entrepreneurship, but also create a parallel economy, fostering
corruption and subverting the rule of law.
8. The way, these
syndicate who involved in money laundering case, is basically
running a parallel economy which is harmful for the economy of
country and on this ground
very
purpose of the section is to discourage such transaction and parallel economy.
Again, nowhere in the act, it is mentioned that if the source ... statute by the Finance Act lo
discourage such transactions and parallel economy. In the Income Tax Act , it is
nowhere mentioned that if the source
unexpected announcement with the
purpose of curbing black or parallel economy of the country. Owing
to sudden announcement of demonetization, persons who had
accumulated their
plaintiff.
There is mammoth problem, which is vis-a-vis parallel economy
Raj of black money. In numerous cases, like the one in hand, this
dictating the need for a Benchmark Prime Lending Rate, drawing
parallels with other economies across the world, whilst failing to
trust the prudence
history can be traced back to the
United States first and then parallel in the European Union and India. In the 1800s,
giant business houses ... Trusts". The four major
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sections of the economy like railroads, oil, steel and sugar were controlled by these
business houses
