Alternative to note ban to tackle black money

In countries where there is GST for long, taxpayers have evolved methods for creating shell companies to evade tax

Sukumar Mukhopadhyay 

Several economists and critics have said demonetisation has not been a success and, in any case, the same result expected to be achieved by demonetisation could be achieved by other methods. None has discussed clearly what those are. I am including in this discussion the most eloquent and famous ones. Namely, Raghuraman Rajan, Arun Kumar and Kaushik Basu. I am trying to put together the alternatives they suggested directly or indirectly to achieve the same results as demonetisation, from their writings, books and interviews. Rajan has not written anything on this in his book, I do ...

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Read our full coverage on Black money
First Published: Sun, October 01 2017. 21:06 IST