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Essay on eradication of black money from country steps taken by government

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Prime Minister Narendra Modi announced on Tuesday the abolition of all and rupees bank notes from midnight Tuesday, a dramatic move aimed at stamping out corruption and draining illicit cash from the economy. In a surprise late-evening televised address to the nation, Modi said the notes in circulation can be exchanged at banks till December Some concessions will be allowed for use of these notes at hospitals and crematoriums, and to buy air, rail and bus tickets till November The move could help bring billions of dollars-worth of unaccounted for cash back into the economy, and choke the flow of fake high-value banknotes militant groups use to fund their attacks against India. The decision is also an attempt by Modi to fulfill his election promise of curbing tax evasion and recovering illegally stashed incomes overseas.
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The government today gave three more months to people to come clean on their untaxed wealth under a scheme announced last month and get rid of the "black money" stain. Urging people to With the ban on and 1,rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed.
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There has been a crackdown on freedom of speech, freedom of association, human rights — these are all happening under his term," she said. The daughter of the PPP chief also targeted the prime minister over his past promises. She said, "He [Imran Khan] had promised the Pakistani people that he would create 10 million jobs. However, he has yet to create a single job.
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