profile image

Chaitanya Kalbag

Award-winning columnist and journalist

Chaitanya Kalbag is an award-winning columnist and journalist. He is a former editor of Reuters Asia, the Hindustan Times and Business Today.
Can Modi Tackle The Black Money SAM YEH via Getty Images

Can Modi Tackle The Black Money Beast?

Jaitley said he would tack a 2% surcharge on 'super-rich' Indians who earned more than Rs 10 million ($161,000) per year. Guess what? There are only about 100,000 people who have declared that income or more. This in a country of 1.25 billion which has the world's third-largest number of dollar billionaires - 97 in all.
01/03/2015 3:27 PM IST