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A welcome move, but accompanied by economic hardship

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“This is a welcome move by the government, and is on course with the Prime Minister’s promise to take steps to eradicate the menace of Black money. However, it would have been more effective if the effective date was September 30, 2016, as it would have ensured greater success for the income disclosure scheme.”

Riaz Thingna
Director, Grant Thornton Advisory Private Limited

This article appeared in Deccan Herald on 10th November, 2016.