GST can check black money. Don't delay its roll-out

In a parliamentary debate on black money, finance minister Pranab Mukherjee has admitted that his ministry has received "36,000 bits of information" and investigators are working on leads to track down Indian wealth stashed abroad. The taxman, newly armed with information-sharing agreements with a clutch of countries, is beginning to tap data that might net some big fish. We are part of a global crackdown on black money that has led India to review its treaties with 79 countries, including Switzerland.

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