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what is black money ?

Black money  is any money on which tax is not paid to the government. This is the universally agreed upon definition and most applicable to India. The process of transferring/moving this money is called laundering as opposed to 'transferring' because the money is essentially illegal and transfer/transaction has a positive connotation to them. It's initiation is easy. If you earn money and you do not pay tax on it, wallah, you have just created black money. This is fairly common in India.  You* go to a local convenience store (  kirana shop ), buy something and do not ask for a receipt. That purchase is not recorded in the accounts of that store,  he does not pay sales tax  on it and the money you have paid him essentially becomes black money. You rent yourself an unregistered cab in New Delhi. There is no tax on that rent because the vehicle is not registered as a commercial cab. *swush* Black money. [Very very common]***  You buy/sell real estate/land...
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What is demonitization of money ?

Demonetization is the act of stripping a  currency  unit of its status as  legal tender . Demonetization is necessary whenever there is a change of  national currency . The old unit of currency must be retired and replaced with a new currency unit. In the wake of PM  Narendra Modi 's plea to the people of India to bear the pain of standing in queues for the "next 50 days", many are still clueless as to why the currency demonetizing move was taken in the first place. While the intellectual cream of the society support this sudden move by the government to strike at black money laundering in the country, the poor fail to understand the drama. The strike of midnight November 8 saw most of India sleepless as PM Narendra Modi announced that currency denominations of Rs 500 and Rs 1,000 were rendered illegal. This move, otherwise known as currency demonetization, had taken the people by surprise. But, there is nothing to worry, albeit the long queues, say eco...
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INTRODUCTION OF LIONS BAL VIDYA MANDIR SR. SEC. SCHOOL, PILIBIT

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OVERVIEW OF THE SCHOOL One of the most eminent and trusted name in the field of education in Pilibhit city is LBVM Sr. Sec. School (Gyan Sthali); was established in 1956 AD when there was no public school in the city.  It is a charitable institution and being managed by a registered society consisting of philanthropists, eminent doctors, industrialists, educationists advocates and the elite of the town on the basis of 'No profit no loss'. The school does not get any government or non-government aid.  The society have left no stone unturned to bring laurel for the institution, Their sincere, dedicated and selfless efforts bore fruits and the institution reached its peak having a very large and spacious building at Barha; and imparting quality education at the lowest fee all without any distinction of caste, creed ad colour; upto +2 feel in the both stream science and commerce and repeated producing cent percent result under the able and worthy guidance of he society members ...
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