That black budget has at times led to wild speculation, despite independent analysis indicating that much
of the black money flows into satellites and other intelligence assets.
With most of the transactions that occur in terms of cash only, the major
source of black money for these industries, the black money gathered here is definitely going to be reduced.
Truth be told, the only contribution to humanity these clubs have made is the substantial
depletion of black money to fund their over-inflated egos.
The government's decision to rid the
country of black money hasn't had a very good but profound, effect on the gold prices in Coimbatore.
Following India's massive demonetization exercise last year — an effort to curb the
spread of black money across the country — Paytm has grown its digital wallet service to a whopping 225 million users nationwide.
One year after India demonetized 86 percent of the currency then in circulation as part of a massive drive to cleanse the
economy of black money, a new challenge is awaiting the Narendra Modi - led government as cryptocurrencies have replaced hard cash in sectors that thrive on shady transactions.