Black money is god.It is everywhere.

Money is good if its in ur pocket but its bad when its in ur neighbour's pocket.
Unfortunately there is no definition that can sum up what money actually is.
Money is what money can buy.Now,a lot has been said and done regarding black money.It was the star attraction during election times.
We still feel the heat from the opposition regarding the current Govt's works on
pulling back the black money from the banks abroad.
So what is black money?
The money which is not legally declared and unaccounted for taxation.
How does it affect the common people?
since the money is not taxed,Govt. revenue gets nullified for that amount and hence d allocation for development purposes gets affected,hence hindering common people from prosperity.
Why black money?
One lifetime is'nt enough for the persuit of luxury which accounts 4 entertainment,house etc.Easy money is always luscious.
How much black money?
It is speculated that black money could be seven times more than the current GDP of
Indian Economy!Its like an iceberg in which only small part of it shoves out in the surface and the greater part submerged away from the spectator.(pun intended).
Is it bad?
Evident from the current status of socio-economic growth of India where all types of
calamities occur throughout the year,of all shape and size(draughts and floods at
the same time) and remains pain in the ass.A hell lot of committees and commisions are formed each year to look into the matter,or names of the previous schemes changed to look more attractive than what was given by the previous govt,each coming up with their new theories and plans(by the time they finish off and being sanctioned by the head of the country the calamity is over and fresh new calamity is given birth by mother nature.)Availability of funds and execution,monitoring of planning with honest bureaucrates could serve the purpose.Those money termed as 'black money' can very well play as an ace to tackle the miseries.

This is what i understood untill i read this article thrugh anonimous article.It was
interesting how this guy observred the current scenerios in the world
regarding 'Recession'.According to him black money is a boon,given the fact,India as a nation was not hit so bad due to recession.He explains since so much money was still unaccounted in the market,our banks never pitched in the money regressively like developed nations,USA,Russia,etc. Suppose a person builds a house for 1 crore and declares it to bank for 15 lakhs for the construction of very same.The bank understands that it has 15 lakhs and markets this amount in the international market in the form of stocks.In bad times like ressesion and when market going down the bank has to face the losses.
What would have happened if the same person declared 1 crore instead of 15 lakhs??