 "SIT, Black money, audit, corruption")
To further discourage cash economy, a Special Investigation Team (SIT) on black money has proposed a cap on keeping cash at home and suggested that seized unaccounted cash by law and enforcement agencies be deposited in the Consolidated Fund of India (CFI).
The proposed measures aim to bring stricter norms to curb holding of illegal cash and mismanagement of unaccounted cash seized by the probe agencies
during investigations.
Given the fact that unaccounted wealth is being held in cash, which is further confirmed by huge cash recoveries by
law enforcement agencies, proper cash management can only succeed if
The proposed measures aim to bring stricter norms to curb holding of illegal cash and mismanagement of unaccounted cash seized by the probe agencies
during investigations.
Given the fact that unaccounted wealth is being held in cash, which is further confirmed by huge cash recoveries by
law enforcement agencies, proper cash management can only succeed if
