Stringent action against Corruption & Black Money, Institutionalizing Honesty, Enhancing Transparency !!

Transparency and accountability not only connect the people closer to the government but also make them equal and integral part of the decision making process.

• Special Investigation Team set up at the first cabinet meeting after the present Government assumed office.

• Demonetization led to India's highest ever unearthing of suspicious transactions and deposits. The current proportion of High Denomination notes in our economy is much less than what it would have been without Demonetization.

• Double Taxation Avoidance Agreement with Mauritius, Cyprus and Singapore.

• Agreement on real time information sharing with Switzerland.

• Black Money ( Undisclosed Foreign Income and Assets and Imposition of Tax Act 2015 enacted.

• PMLA amended to allow confiscation of property equivalent in value of black money stashed abroad.

• Benami Property Act blocking a major avenue for generation and holding of black money in various forms.

• Action taken against around 3 lakh shell companies.

• Fugitive Economic Offenders Bill introduced to empower law enforcement agencies to confiscate the assets of economic absconders. This would also help the banks and other financial institutions to achieve higher recovery from fugitive economic offenders.