Jaitley plays big brother to eliminate black money

Govt to screen data of deposits above Rs 2 lakh after November 8

Highlighting the priorities of the Government, Finance Minister Jaitley in his Budget Speech said that one of the main priorities is to eliminate the black money component from the economy. He said that the Government is committed to make our taxation rates more reasonable, tax administration more fair and expand the tax base in the country.
 
Presenting a revealing picture after the demonetization, he said that during the period from 8th November to 30th December, 2016 deposits between Rs 2 lakh and Rs 80 lakh were made in about 1.09 crore accounts with an average deposit size of Rs