Panel calls for amnesty to get back black money

A compliance scheme with immunity from prosecution to bring back black money from abroad, enhanced penal punishments for corruption-related offences, reporting of all overseas transactions to the tax department and the appointment of a regulator to empanel auditors to improve oversight in the private sector: these are among the key recommendations of the high-level committee appointed by the government in June 2011 to study the generation and curbing of black money.

Read Full Story>>