Economy

New bank notes alone won't solve India's 'black money' problem

20161124 india bank queue AP

Indians line up outside a bank in New Delhi to deposit and exchange discontinued bank notes on Nov. 13.

RITESH KUMAR SINGH and PRERNA SHARMA
November 24, 2016 12:00 JST

One of the key election promises Indian Prime Minister Narendra Modi made in 2014 was to track down "black money" -- cash and other assets stashed by Indians in tax havens.

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