Monday 20 August 2012


Corruption to blame for black money: CBDT panel

SQUARELY blaming the large scale corruption in every sphere of activity and electrol politics 

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for black money in India, a CBDT committee report released on Tuesday said the menace could not be checked merely through legislation or enforcement but in “finding much deeper socio-economic solutions.

There are two dimensions of the issue of black money –– first, its generation and, second, its consumption and use, including laundering of black money back to mainstream economy.

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