fbpx

Black Money

Steps Taken to Curb Black Money | PIB Summary

Action against black money is an on-going process. Such actions include policy-level initiatives, effective enforcement action on the ground, putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building and integration and mining of information through increasing use of information technology.  Black Money | Recent major steps in this …

Steps Taken to Curb Black Money | PIB Summary Read More »

Time to introduce ‘Universal Basic Income’

The recent demonetisation has spurred the fears of decreased demand, i.e. low circulation of money supply as one of its effects, especially by the erstwhile hoarders of black money. Lower money supply can impact GDP growth by reduced consumption expenditure in the near term as there is a temporary liquidity crunch because of the government …

Time to introduce ‘Universal Basic Income’ Read More »