'Government Needs To Be Vigilant About Sources Of Black Economy'

New Delhi: The move to demonetise higher denomination currency is a step in the right direction, though there is a need to be vigilant regarding the sources of black economy, SBI said in a research note. According to SBI Research, there is excess currency floating in the economy and the number could be as much as Rs 5 lakh crore. The report noted that such excess cash is neither required nor desirable for overall equilibrium of the...