Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Second hand goods are catching up with customers on renown shopping websites.
Compared to their Indian peers, MNCs have higher return ratios.
His plan revolves around new products, a renewed thrust on exports and some serious cost savings
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