if it means flushing black money out of the economy. Amidst all the hullabaloo over demonetization, there are bizarre stories of Indians will a lot of cash scrambling to either spend it or burn it ...

Amidst the contrasting views, we must acknowledge the fact that the recent demonetization effort by the Government of India is a phenomenal step towards fighting black money in the country.

One of the key motivations for demonetization was to flush the black money generated through tax evasion and corruption and take India towards a “cashless economy.” However, cash was also the ...

The Modi government’s move was aimed at bringing into account large amounts of unaccounted-for cash -- “black money” as it’s known -- that people are believed to have hidden in their homes ...

After the Narendra Modi government conducted a surgical strike on black money by demonetising Rs 500 and Rs 1000 notes a huge controversy has risen about the veracity of such a move. One group ...

Demonetization has removed 15% of black money held in cash. It was said that 86% of money supply was restored or white money or 500 and 1000 rupee notes that returned to the RBI on that time.

The plan, termed demonetization by the press, was planned in secrecy and announced dramatically, as Modi’s masterstroke against black money. As economic experiments go, it was a big, bold move. There ...

While the demonetization did push a significant ... raising questions about the actual removal of black money from the economy. The anticipated crackdown on corruption did not materialize as ...

4-5 trillion in "black money" would not return to the system ... However, income tax collections rose following demonetization, which the government insists is a significant win.