Eradicating black money was one of the key planks of the Narendra Modi-led Bharatiya Janata Party (BJP) in the run-up to the 2014 general elections. While campaigning, Modi promised to bring back the black money stashed abroad and deposit Rs 15 lakh in each citizen’s bank account.
Five years later, the battle against the cash economy is still being waged. As the country prepares for the 17th Lok Sabha election, Business Standard examines the effectiveness of the National Democratic Alliance (NDA) government’s efforts to wipe out black money. On the day it came to power, ...
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