Elephant bonds can bring back $500 billion stashed overseas

News:A High Level Advisory Group on Trade Policy(HLAG) headed by Surjit Bhalla has suggested that the Centre could bring up to $500 billion of black money if it issues elephant bond. Facts: About Elephant Bonds: The elephant bonds are a way for people to bring their offshore undisclosed wealth into India without fear of prosecution.… Continue reading Elephant bonds can bring back $500 billion stashed overseas

Surjit Bhalla Committee on Trade and Policy

Union Minister of Finance & Corporate Affairs has informed Rajya Sabha about the Surjit Bhalla Committee on Trade and Policy. The Union commerce ministry had constituted a high-level advisory group on Foreign trade policy.The group has submitted its report to the government. The panel has recommended the centre to cut down corporate tax rate and… Continue reading Surjit Bhalla Committee on Trade and Policy