Petition updatePMO, FIN MIN India: Minimize Cash Transaction with Electronic options to curb black money
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Kamlesh MaheshwariBangalore, KA, India
Nov 20, 2016
Hi All,
Morarji Desai government did demonetization way back in 1978. As per http://finmin.nic.in/reports/whitepaper_backmoney2012.pdf” the extent of ‘black’ money for different years that time:
(Year) (Estimate for Black Money ` in crore) (Percent of GDP)
(1975-76) (9,958 to 11,870) (15 to 18)
(1980-81) (20,362 to 23,678) (18 to 21)
(1983-84) (31,584 to 36,784) (19 to 21)
This shows no significant difference on black money. We have technology which can be used effectively. And moving towards cashless will definitely help. Please help in spreading this petition.
Thanks
Kamlesh
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