Sentences with phrase «shadow economy»

Bitcoin in India The perils of Indian shadow economy got a heavy blow in the form of the government's demonetization drill which rendered a whopping 86 % of the nation's cash money impotent.

The perils of Indian shadow economy got a heavy blow in the form of the government's demonetization drill which rendered a whopping 86 % of the nation's cash money impotent.

The size of India's own shadow economy — which includes black market transactions and undeclared work — is roughly a quarter the size of gross domestic product (GDP).

«See Naples and Die» In the new Italian film Gomorrah — an arresting, documentary - like portrait of Italy's most powerful mafia element, the Camorra — mobsters wreak havoc on Naples, leaving behind a trail of bodies in their quest to protect a 15 billion Euro shadow economy built on drugs, sweatshop - made designer clothes and garbage.

Lifting undocumented residents out of the shadow economy and turning them into taxpayers reduces the deficit and extends the solvency of Social Security.

A new study, backed by Facebook, wants to go beyond measuring the impact of internet shutdowns on the formal economy and measure the impact of internet cut - offs on «shadow economies,» namely economic activities that circumvent government regulation, oversight, and taxation.

In November 2016, Prime Minister Narendra Modi began demonetization to crack down on the shadow economy.

In 2013, research firm McKinsey found a strong correlation between high cash usage and the size of a country's shadow economy.

It stands to reason: Greece is well known for its extremely large «shadow economy» (the name for economic activity that flies under the radar of the greedy grasp of the State).

In «Secrecy World,» Bernstein explores this shadow economy and how it evolved, drawing on millions of leaked documents from the files of the Panamanian law firm Mossack Fonseca — a trove now known as the Panama Papers — as well as other journalistic and government investigations.

It would get rid of the complex tangle of rules and regulations around benefits better than Universal Credit ever will and chip away at the shadow economy.

Great opportunities are emerging for what I'm calling a shadow economy, or un-production; the unmaking of products to enable raw materials to be reused.

-- Digitalization is the best weapon for combatting the shadow economy.

«We are proud to have been able to contribute to the fight against the shadow economy by offering efficient new digital tools for companies and organizations,» says Kimmo Hannus, Head of Business Integration Brokerage at Tieto.

Studying Backpage also revealed a shadow economy of electronic trading and gift cards with which would be unfamiliar with.

Mugayar also says how it is possible to implement blockchain in financial institutions and state that crypto currency is no more the attribute of the shadow economy.

The Russian telecommunications regulator Roskomnadzor has blocked access to five bitcoin - related websites because the cryptocurrency «contributes to the growth of the shadow economy.»

At the conference, when asked how he sees the «shadow economy» of decentralized cryptocurrency playing out long term, Dimon pessimistically stated:

Another loophole sought corrected is the so called «shadow economy» where the public coffers lose about $ 81 billion per year.

As the effects of the recession only slowly fade, we are seeing the emergence of a «shadow economy» or «sharing economy.»