ಚರ್ಚೆಪುಟ:ಭಾರತದಲ್ಲಿ ಕಪ್ಪುಹಣ

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The study estimated that fake currency worth Rs 70 crore enters circulation every year, with agencies only being able to intercept one-third of it. The detection of fake currency is carried out primarily by commercial banks, but such reporting is irregular: Only three banks -- Axis, HDFC and ICICI -- report about 80 percent of fake currency detected.

In 2012, the then Finance Minister Pranab Mukherjee wrote a white paper on black money in India, which revealed that the cash component of undisclosed incomes ranged from 3.7 per cent to 7.4 per cent, based on searches conducted by the Central Board of Direct Taxes.

For instance, in the financial year 2011-12, of undisclosed admitted income of Rs 9,289 crore, no more than Rs 499 crore (5.4 per cent) was found in cash, according to the white paper.

On November 17, Sitaram Yechury, General Secretary, Communist Party of India (Marxist), tweeted: "Black economy is only 6% Cash, rest wired. Counterfeit currency 0.025% of total currency. So what is the Demonetisation move targeting?"

Yechury's claim was based on a Hindustan Times analysis of data from tax raids for the financial year 2012-13 onwards. Cash recovered was less than 6 percent of the undisclosed income seized from tax evaders, said the newspaper.

Data from income-tax investigations between April 1 and October 31, 2016, revealed that black-money holders accepted having Rs 7,700 crore worth of unaccounted assets; of this, Rs 408 crore, or 5 percent, was cash. The rest was invested in business, stocks, real estate and benami bank accounts, the data showed. In 2015-16, a year that reported the largest detection of black-money, 6 percent was cash.

• Only 16 of every 250 fake notes detected in India Bschandrasgr (ಚರ್ಚೆ) ೦೯:೩೩, ೩ ಡಿಸೆಂಬರ್ ೨೦೧೬ (UTC)