His latest book on GST, titled `Ground Scorching TaxвЂ™ was released in February 2019. His other authored works include, `Indian Economy since Independence: Persisting Colonial DisruptionвЂ™ (2013), along with `Understanding Black Economy and Black Money in India: An Enquiry into Causes, Consequences and RemediesвЂ™, Aleph Publication (2017) and `Demonetization and the Black EconomyвЂ™ Penguin India (2017). Giving the reference of his book, вЂThe Black Economy in IndiaвЂ™, published by Penguin (India) in 1999, 20, he stated that 62 per cent of the economy is not accounted for in policy-making, as it operates through channels not recorded. He has specialized in Development, Public Finance, Public Policy and Macroeconomics. He is currently the Malcolm S Adiseshiah Chair Professor at Institute of Social Sciences, New Delhi. He was also the Sukhamoy Chakravarty Chair Professor in the Centre for Economic Studies and Planning, JNU and has been a Vice President and acting President of the Indian Academy of Social Sciences. Arun Kumar taught Economics at Jawaharlal Nehru University from 1984 to 2015. Is not a matter solely concerning the public sector it affects the private sector too and so forth.Dr. For instance, black economy and corruption, though positively correlated, are not synonymous, and Further, the author dispels several common misconceptions about the subject. Similarly, both formal sector and informal sectors generate black incomes, and that itвЂ™s not only illegal activities that generate black income but вЂњillegalityвЂќ committed in legal activities, resulting in tax evasion, too generates black income. For example, black money and black economy cannot be used interchangeably as these are two distinct notions and black economy is not a parallel economy but is intertwined with white economy as the same economic activity often generates both black and white income.

He brings out differences in the terms and concepts used.

In Black Economy., the author explains at some length the phenomenon of generation of black money and gets into the methods and measurement of it. Why? Because it fails to hit the problem at its core which, according to the author, is to be found in the triad of corrupt businessmen, politicians, and executive (the police, bureaucracy, and judiciary).ДЄ good understanding of the subject is essential if well-meaning efforts to tackle the generation of black money have to succeed. While being fully supportive of the reason behind the recent demonetisation exercise, Arun Kumar takes a grim view of its effects in tackling corruption and black economy. The book is all about making the common man, even an expert, gain a perspective on the issue of black economy in India as well as on the recent demonetisation exercise. But when it comes to understanding its longer term effects, the reaction of experts is wide-ranging: from being at loss of words to talking in unclear terms, from being uncertain about its effects to taking contradictory position and so forth.

What sense do you make of Prime Minister ModiвЂ™s recent demonetisation exercise to tackle the problem of black money in India? Well, almost everybody agrees that it has imposed short-term costs on the nation.

Black economy india arun kumar pdf