The recent newspaper reports of raids by the Income Tax department in Karnataka wherein black money in cash amounting to Rs 94 crore was seized, is a clear indication that the amount of black money in the country is on the rise once again.. Several other raids by the Enforcement Directorate (ED) in other parts of the country have also unearthed crores of rupees in black money through various scams, frauds, bribes, money laundering, etc involving top government officials and ministers as well. The nation is therefore back to where it was earlier 7 years ago , on November 8 , 2016 , when the govt announced the demonetisation of Rs 500 and Rs 1,000 currency notes -- a failed experiment and a white wash, to say the least. So what is the plan now? Do we repeat our past mistakes or have we something more up our sleeve, and promises before the forthcoming 2024 elections, to rid the country of black money?
