Will India's tax evasion amnesty scheme curb 'black money'?

Will India's tax evasion amnesty scheme curb 'black money'?
 

Earlier this month, the Indian government announced that tens of thousands of people had taken advantage of a tax evasion amnesty scheme to declare more than $9.5bn (£7.3bn) in undisclosed incomes and assets.
It's being seen as a financial windfall for the government and also being described as an unqualified success at tackling the country's long-standing underground economy or black money problem.
Cash transactions are a way of life in India. They could involve simple purchases on the street, or large-scale ones involving suitcases stuffed with used notes to buy automobiles or even... read more

 
14 October 2016 in World News, Views: 43
Source: BBC
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