New Delhi: Describing black money as a “curse” of economy, finance minister Arun Jaitley on Thursday said the country will have to address the problem.
“We also must address fully the problem of black money which is curse of our economy,” he said in his maiden budget speech.
The finance ministry has already constituted a Special Investigation Team (SIT) under the chairmanship of former Supreme Court judge Justice M B Shah.
The government has been making sustained efforts to obtain information about Indians having black money stashed abroad.
Listing out the challenges before the economy, Jaitley said the government will have to bold steps in order to enhance economic activity and spur growth in the economy. “We are still
not out of the woods. Faced with these adv-ersities we have no option but to undertake some bold steps in order to enhance economic activity,” he said.
