International Monetary Fund (IMF) which has 189 countries as member for Global Monetery co-operation in its conference called the Indian Government to share the success story of Demonetisation.
IMF had organized a Conference on 'Future of International monetary system of Asia' during March 20 to March 24 held in Tokyo. All Asian tax heads were invited in this Conference.
Central Board of Direct Taxes (CBDT) represented this IMF Conference on behalf of Govt. of India. Sushil Chandra, Chairman, CBDT along with his colleagues participated in this Conference and shared his experience of Demonetisation. CBDT was the key agency which has unearthed huge black money through its Income Tax Department who ran a series of campaign throughout the country.
Sushil Chandra gave a lecture on 'What is India doing to tackle black money lecture on Demonetisation' and how they with the help of Banks had successfully Implemented the Demonetisation move announced by the Prime Minister of India. Chandra also gave his views on cross border transaction and tackling tax crimes.
After returning to India he will submit a detailed report to Ministry of External affairs which will be sent to Prime Minister Office.