Black Money, Corruption and Moral Fabric of Indian Polity

The paper has raised issues relate to Black Money that are debated currently in all forums. The available estimates of Black money for India is astonishingly high out of which US $ 1500 billion lying in Swiss banks. The issue of Black Money and Corruption has been taken up by Baba Ramdev and Anna Hazare. The related issues are how Black Money is generated, impact of Black Money on the economy and its social and moral fabric of the Society, methods of reducing its volume if not wipe out and checking its generation in future are taken up in details for analysis in this paper. The analysis finds that the existing nexus of politicians and civil servants is making it difficult to construct meaningful framework for dealing with the issue.