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NDA Government Fight Against Black Money And Corruption


  • Battle against corruption began by setting up an SITon black money.
  • Law passed in 2015 for disclosure of foreign black money within three months by paying 60% tax 
  • Agreements reached with many countries, including the USA, to add provisions for sharing banking information
  • Strict law brought into force from August 2016 to curb benami transactions, which are used to deploy black money earned through corruption
  • Scheme introduced for declaring black money after paying a stiff penalty
Nearly Rs 1 Lakh 25 Thousand crore of black money brought into the open in the last 2 and half years through such efforts.

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