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> You are assuming that all money deposited in the banks are automatically converted to white. That is where your assumptions are wrong. What? Where did I say

• shripadk 10y ago
  > So a few hundred crores of black money were caught in raids. That is a drop in the ocean. A hundred times more than that is caught in regular tax raids every year.* It has done absolutely nothing to curb future corruption. You are assuming that this is the be-all and end-all of this scheme. You are assuming that the Income Tax authorities won't look at and audit the deposits made in the banks when you declared that "It has done absolutely nothing to curb future corruption".