Why govts demonetisation move may fail to win the war against black money

November 12, 2016 13:37

The demonetisation of Rs 500 and Rs 1,000 banknotes is unlikely to help the government suck out black money from the economy as hoarders keep a tiny portion of their ill-gotten wealth in hard cash, going by income-tax data.

Cash recovery has been less than six per cent of the undisclosed income seized from tax evaders.

Read more HERE

« Back to LIVE

TOP STORIES

Aishwarya Goes For Gold At Cannes

Aishwarya Rai Bachchan looked gorgeous in her first appearance at this year's Cannes International Film Festival.

7 Steps To Review Your Financial Goals

Dwaipayan Bose simplifies the whys and hows of revisiting your financial goals

Hoarding collapse accused brought to Mumbai

Bhavesh Bhinde, an advertising firm's director, whose company had put up the giant hoarding that collapsed in Mumbai killing 16 people, was brought to the city early on Friday, a police official said.

Dhoni's Chai Steals The Show

'Tea is something very close to us, maybe because we are from that generation, where we never say no to tea.'

Strikes And Lockouts Decline By 90%

Industrial disputes dropped 89.3 per cent to 34 in 2022 compared to 318 a decade ago, shows central and state data.