The Ever Eluding Black Money

The common man in India has been seeing and will continue to see that the anti black money measures instituted by any Government at the centre strongly alienate many powerful segments of the society from the establishment. These segments include politicians, real estate mafia, hawala dealers, fake currency dealers, terrorist organisations, film industry, sports world,  fake charitable trusts, rich agricultural land owners, money launderers, hoarders of black money, corrupt bureaucrats, educational institutions, hospitals, some sections of professionals and self-employed, dealers in cash oriented / non-receipted transactions, income tax evaders, etc. They become irritated and antagonistic against the establishment which does not promote their interests.

Majority of these segments are so powerful and influential that they can virtually control the economy and even the media and turn the wheels of the economy and the nation in their favour. This factor has been standing and will continue to stand in the way of the success of all anti black money measures ever instituted and will be instituted in future by any central government.

Then the question arises – what can be done to eradicate black money? For this, many laws of the country need to be revisited, overhauled and re-written. The task is huge and stupendous.