Note ban checked black money: PM : The Tribune India

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Note ban checked black money: PM

Demonetisation has checked generation of new black money. It led to at least Rs 3 lakh crore of undeclared income coming into the banking system, doubling of income tax filers to 56 lakh and detection of over three lakh ‘shell’ companies.

Note ban checked black money: PM

PM Narendra Modi addresses the nation from ramparts of Red Fort on Independence Day on Tuesday. Photo: Mukesh Aggarwal



Demonetisation has checked generation of new black money. It led to at least Rs 3 lakh crore of undeclared income coming into the banking system, doubling of income tax filers to 56 lakh and detection of over three lakh ‘shell’ companies.

Na gaali se, na goli se, parivartan hoga gale lagaane se... samasya suljhegi har Kashmiri ko gale lagane se (Kashmir probem cannot be resolved by either bullets or by abuses. It can be resolved by embracing Kashmiris).

The government has taken India on new tracks of development, without slackening pace. We want to create an India where the poor have concrete houses, electricity and water… An India where the farmer gets double of what he sows.

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