One of the promises made by the Bhartiya Janata Party(BJP) before the sixteenth Lok Sabha elections was that it will get back all the black money that has left India over the years. This issue really caught the imagination of the voters. After coming to power, the party and its leaders have reiterated that they are still committed to getting back all the black money that has left the Indian shores.
Nevertheless this remains a difficult task given that the money is spread across tax havens all over the world. The economies of tax havens operate on all the money that is stored in their bank accounts, and so they wouldn’t be exactly be bending over their backs to hand over the money back to India. Also, the government needs to decide whether such an operation is feasible or are there better ways of looking at the situation…
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