black money

The curious case of new bank notes in India

The curious case of new bank notes in India

August 31, 2017

The new INR 50 and INR 200 notes are rolled out to ease transactions says the Reserve Bank of India (RBI); will it really help the common man of India or is it more of a graphical publicity?

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Further restrictions on cash transactions in India

Further restrictions on cash transactions in India

March 24, 2017

The Government of India has made it mandatory for every tax payer to quote Unique Identification Number, and has banned cash transaction above INR 200,000 in order to curb black money and reduce cash transactions.

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Union Budget 2017: Measures to strengthen digital economy

Union Budget 2017: Measures to strengthen digital economy

February 2, 2017

In a bid to give a push to the digital economy of India and weed-out corruption and black money, Finance Minister Arun Jaitley made a number of announcements in his Budget 2017 presentation.

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Demonetisation hitting hard on Indian microfinance sector

Demonetisation hitting hard on Indian microfinance sector

December 23, 2016

Demonetisation has affected the debit-credit culture of the entire nation. Urban and rural poor of India are both suffering the heat, but in their own ways.

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Election Commission advocates monetary reforms for political parties

Election Commission advocates monetary reforms for political parties

December 21, 2016

While a lot has gone on since discontinuing the high currency bills in India, the government is yet to take any measure on anonymous donations to political parties. Election Commission has now suggested a way forward by introducing cashless party funding.

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Revisions introduced in taxation laws in India

Revisions introduced in taxation laws in India

December 1, 2016

After the Indian government demonetised INR 500 and INR 1,000 currency bills last month to grapple with the circulation of black money in the country, people in India found new ways to hide their undeclared earnings. Thus, in the wake of demonetisation and corruption, the governm...

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Demonetisation: Drive against devils or cashtration of Indian economy?

Demonetisation: Drive against devils or cashtration of Indian economy?

November 28, 2016

A coin has two sides, and so does the Indian premier, Narendra Modi’s announcement to demonetise overnight the high-value currency notes of INR 500 and INR 1,000 on a national telecast on 8 November, 2016. Why did Narendra Modi take this bold decision without elaborate consulta...

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Demonetisation of currency bills causes chaos within India and beyond

Demonetisation of currency bills causes chaos within India and beyond

November 11, 2016

The sudden announcement by Indian Prime Minister Narendra Modi on the new measure of demonetisation to deal with black money and fake currency bills has left the country divided.

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India debates on abolition of old high currency notes

India debates on abolition of old high currency notes

November 10, 2016

The announcement of vacuum-cleaning 500 and 1000 Rupee bills by Indian Prime Minister Narendra Modi sent ripples across the country; the decision evidently aims to curb black money, corruption, peddling of fake currencies and the sovereignty of India coming under anti-nationalist...

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India and Switzerland ink strategic agreements

India and Switzerland ink strategic agreements

October 6, 2016

India and Switzerland aim at exchanging support on migration issues and information on evaded tax related to black money as ministers of both the countries meet at New Delhi.

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Cashless economy in India

Cashless economy in India

June 6, 2016

While India strives to control the flow of black money and reinstate transparency, a cashless economy seems to be part of the solution. Can India’s impoverished infrastructure match the standards of European economies such as Sweden where 98 pc of all transactions made last yea...

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Panama Papers

Panama Papers

April 5, 2016

A huge leak of more than 11 million files of Panama law firm includes around 29 billionaires and more than 500 Indians linked to offshore firms. The panama papers are a leaked set of 11.5 million confidential documents created by the Panamanian corporate service provider Mossack ...

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