Black money conundrums

The author tends to discount the widely accepted reasons for the rise of the black economy

UNDERSTANDING THE BLACK ECONOMY AND BLACK MONEY IN INDIA  Arun Kumar  Aleph Book Company 144 pages; Rs 399 Demonetisation was arguably the most direct assault on the black economy in India in recent times. It was a political gamble that went beyond the customary lip service expected of politicians on a perennially contentious issue. Any analysis of whether demonetisation succeeded in making a significant dent in the stock of black money will first have to quantify the size of the black economy. There have been various attempts to ascertain the size of ...

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Black money conundrums