Source: International Business Times http://www.ibtimes.com/narendra-modi-government-submits-black-money-list-over-600-names-top-indian-court-1715360
The
newly elected Indian government has submitted a list of 600 names of
individuals who have been invading taxes in India by using off shore tax haven
countries. The government is taking a stronger stance on corruption after the
previous congress seemed to let it flow more without control. The new
government has accused the previous one of protecting these types of account
holders and alleged that a number of senior congress members also have illegal
funds stashed in off shore accounts. The listed names probe will be completed
by the end of March 2015.
One
of the big negative aspects of doing business in India that was found during
research for the India report was the high level of corruption. However,
another article stated the new government was looking at ways to curb and
increase stronger economic policies.
This shows some effort from the government to do so. As more cases like
this appear it gives hope for the country of India to fix its high level of
corruption.
This is good for the future of India as a whole. The amount of corruption in India has really hindered their ability to advance their economic situation. With less corruption, perhaps more people will invest in India and their economy will grow at a larger rate.
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