A range of new laws is being introduced to stop corruption and tax evasion which is costing the Indian economy billions. But it will take new policy initiatives to change the way Indians do business, reports GIS expert, Barun S. Mitra.

CORRUPTION and tax evasion are major political issues in India with senior politicians and bureaucrats in jail and others awaiting trial. Money leaving India illegally is causing major concern.

Some have claimed that black money - earnings which are not accounted for in India’s economy - and wealth totalling from tens of billions of dollars to more than a trillion, may have been illegally acquired or...

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 Barun S. Mitra
Illegally earned funds such as bribes and contracts which fail to reflect the true value are a major issue and one perceived by the public to be greatest in property deals
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