Who is afraid of illicit finance?

Print edition : June 27, 2014

L.K. Advani showing a report on the black money deposited in Swiss banks and demanding that the government take action against those involved, on April 17, 2009. Photo: Vivek Bendre

Bharatiya Janata Yuva Morcha activists taking out a yatra against corruption and demanding immediate action to bring back 'black money', in Indore, Madhya Pradesh, on October 2, 2011. Will the BJP show the same fervour now that it is in power? Photo: A.M. Faruqui

Illicit capital outflow has increased significantly after neoliberal policies were introduced in 1991. Committed as it is to the same economic model, can the NDA government curb generation of black wealth and bring back the black money stashed abroad?
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