APSC Prelims and Mains Notes, APSC Test Series
Money Laundering And Black Money Money Laundering Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process “launders” it to … Read more
According to Albert Einstein’s theory of general relativity, black holes are uninhabitable chasms of spacetime that end in a ‘singularity,’ or a mass of infinite density. Black holes, with gravitational fields so powerful that not even light could escape them, were inferred by quantum physics about a century ago. It’s a place so bleak that even the laws of physics … Read more
Effect of Black Money on Indian Economy Black money is a socioeconomic evil. The existence of rapidly growing black money in our economy has grave and disastrous consequences. The major effects of black money are discussed below: Dual Economy The increase in the amount of black money in India over a period of time lead to the … Read more