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Bar on cash deals above Rs 3 lakh will check black money: SIT chief
February 01, 2017
Budget announcement of no cash transaction over Rs 3 lakh necessary to check black money, says M B Shah, Justice (retd), chairman of Special Investigation Team set up on black money.
Restricting cash holding to Rs 15 lakh with an individual in the Budget would have been a far better measure to check corruption, says the chairman of the SIT on black money.