Will budget announce an income transfer scheme? Govt debating pros and cons, says report

Will budget announce an income transfer scheme? Govt debating pros and cons, says report

Ever since the demonetisation of Rs 500 and Rs 1,000 notes happened, there has been speculation that Prime Minister Narendra Modi may be looking at ways to fulfill one of his high profile poll promises in 2014 – that once he comes to power he will get hold of the black money and transfer Rs 15 lakh into each Indian’s account. Media reports now say the government is discussing some thing of this sort, but definitely not the Robin Hood style fund transfer.

According to a report in The Economic Times today, the government is considering an income transfer scheme […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.