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Black money refers to funds earned on which income and other taxes have not been paid. The total amount of black money deposited in foreign banks by Indians is unknown. Supreme Court, while hearing the petition on black money said that black money is not just simply tax evasion. Instead it is a plunder of the nation in real sense. Before independence Britishers plundered India by draining the wealth of India into their home country. Now it is the politics-business-babunexus which is plundering the nation of its precious wealth since independence.
Black money has been a hot topic of discussion and it has led to the downfall of the UPA government up to some extent. Certain UPA government's minister and many politicians have been blamed by the opposition for stashing black money abroad and the BJP's commitment to bring it back to India within 100 days raised high hopes among the common people of our country but people with good knowledge on this subject have always been amused by such claims. According to the best of their knowledge, whatever India can do in relation to the domestic laws of those