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  • Category: Miscellaneous

    Black money declared in India. Is it good for the economy or it doesn't matter much

    Recently Government schemes to cleanse the undeclared money in India were launched
    Income declaration scheme 2016- around 67,000 crores were declared by black money holders.
    Pradhan Mantri Garib Kalyan Yojna - around 4,900 crores were decared. Demonetisation also came in between.
    Some feel these figures are just the tip of the iceberg, the actual stash out still is huge. What would the impact of these declarations on the economy. What percentage of this 'recovered' money goes back to the honest tax payer (directly or indirectly).
  • #608226

    Right topic by the author today morning even I read this in newspaper and thought to discuss in forum today. Under PMGKY [ Pradhan Mantri Garib Kalyan Yojna ] 21,000 people have declared 4,900 crores of black money. Hope GST has improved our country. Hope still crores of black money will be declared shortly.

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