Greetings from IndusLaw!
We are very pleased to see that the Government of India took unprecedented measures on Tuesday evening to address the problem of undeclared wealth in the Indian economy, and the parallel cash economy that aided and abetted corruption.
Thought leadership is an integral part of our Firm’s approach, and we are delighted to see that these measures coincidentally reflect recommendations made in an open letter, in June 2014, to the Finance Minister which was submitted by one of our partners Read more..
We sincerely hope that these measures will bring about greater transparency and accountability as India moves towards an inclusive electronic banking system, and also addresses the problem of corruption.
Regards,
IndusLaw