The Black Economy – Only 638 stash holders declare possession of Rs 3,770 crore
90 days before, the Central Government announced a plan for a self-declaration of black money from its holders. Only on the last 90th day, 638 people declared Rs. 3,770 crores as their black money. When it is estimated that the Nations approximate black money would be around Rs. 40 lakh crores, the declared amount is very small. On one side it is failure of the Government’s scheme for black money, and the other side, this black money will spoil our…