Future of Digital payment and Black money

Current affairs, General Studies
The Most burning issue now a days is Demonitisation drive for curbing black money and transformation to digital economy.The Deadline to submit invalid notes was till December 31 2016 and as per the statistics from RBI 90% of notes which became invalid tender by November 8 2016 had found its way back.We are not going detail into way of Genuine & fraudulent exchanges or way back or time to get back to re-monitisation as they remains as topic of controversy,We could go into exam point of view- point by point. How to go about chasing black money? Context: The flow of tax evasion every year is what should be the focus of any drive targeting black money, rather than the caches accumulated from past tax evasion. 1.  Those stocks certainly…
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