The idea about a book on Black Money took birth while media wasfull of reports about money kept in Swiss banks and other taxhavens. The reports became more focussed when Indian Governmentreceived a list of Indians holding accounts abroad particularly inthe Geneva branch of the HSBC bank from the French Government. ManyNGO groups also gave some estimates about the money kept by Indiansabroad. The main opposition party BJP was very vocal in demand fortaking action against those holding illegal accounts and foreignbanks.
In India it is no secret that black money plays a major role innational economy, particularly in sectors like real estate wherenot many transactions are complete without use of black money. Thefocus of the book, however, is different it does not aim at makingany attempt to find out how black money is parked or stored insteadit looks on how it is generated.
It points out how every citizen even the honest ones who whilemaking day-to-day purchases help in generating black money by notinsisting on a bill or cash memo. The study points out howcounterfeit and smuggling are growing world-wide and are hurtingnational economies including India and in turn financinganti-national activities like terrorist activities, criminal gangsand Mafia.