http://thewire.in/81307/jumla-new-black-modi-really-rescued-india-black-money/Isn’t that interesting. Using the same definitions used by the Modi government, it turns out that the quantum of black money exposed in the last two years of the UPA was more than Rs 1,30,800 crore. That’s right – the UPA tracked down more black money than the Modi government did and in a shorter time frame.
As always, there are caveats. Not all the money assessed under Section 133A should be strictly considered “black”; some of it consisted of income that taxpayers felt was not taxable for whatever reason, but the authorities disagreed. Still, if the Modi government wants to count all those funds under its “black money” haul, it cannot deny the UPA credit for a bigger haul.
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