To fight black money which is inside the country - check
There is more than 20 lakh crores of black money inside the country itself.It is said there could be much more money outside the country. In the recent Income declaration scheme government has seen a very poor turn out from the black money holders. There was a total declaration of only 1.24 lakh crores which is only 10% of the actual projections. Many people took the scheme as another silly threaten from government. Finally those people are going to see some sleepless nights now. It would be a tough thing for the government to get the money back to the country from Swiss and another countries. So, they have decided to first clean the black money which is in the country. Reserve bank officials says that there would be a continuous monitoring of the persons and their holdings which indeed means it could be a tough time for the black money holding people to change the money to white. This is a very good welcoming act.
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