ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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TAX REBATE ON SAVINGS-Over-Generous

speech is devoted by the finance minister to the subject of black money. The speech promises "a sustained and multi-pronged drive against proliferation of black money". But there is no immediate measure that the budget proposes in this context. The finance minister is content with broad generalisations about "effective tax administration and strong deterrents against evasion" on the one hand and about reducing "the scope of discretionary powers which provide sustenance to black money" on the other.

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