NEW DELHI, May 21 � Fast-track courts to expeditiously deal with financial offences and deterrent punishment for offenders and promotion of banking channels for transactions were among the measures proposed today in a multi-pronged strategy unveiled by government to curb black money menace, reports PTI.
The much-awaited 97-page White Paper on black money tabled by Finance Minister Pranab Mukherjee in the Lok Sabha, however, did not mention any names or provide an estimate of such funds within and outside the country.
Improving the reporting and monitoring systems to track Bullion and Jewellery transactions and simple reporting systems in real estate deals to facilitate the development of a nationwide database were also urgently proposed in reducing flow of black money.
Coming out with strategies under �four different pillars�, the document said the introduction of the proposed Goods and Services Tax(GST) would be a �major step� in integrating the efforts of different agencies dealing with black money.
