Indian black money Singh, Garware family, Harish Salve, and others. From 2011 to 2014, the BJP included the return of Indian black money in their manifesto. In speeches, their prime ministerial candidate Narendra Modi promised to get this black money (estimated to be ₹90 lakh crores or US$1500 billion) back to India. On 8 November 2016, in a sudden address to the nation, the Prime Minister Narendra Modi announced that banknotes of ₹500 and ₹1000 would cease to be legal tender from midnight. He said this decision was taken to crack down on black money and corruption which was destroying the country. He
Premiership of Narendra Modi budget was moved from 28 February to 1 February and financial cycle was changed from July to April. Further, the artificial distinction between planned and non-planned expenditure was removed. Foreign Investment Promotion Board (FIPB), considered as a hurdle in FDI, was scrapped by Modi government. Modi government put in place the Goods and Services Tax, the biggest tax reform in the country since independence. It subsumed around 17 different taxes and became effective from 1 July 2017. Modi launched Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014. The initiative aimed to create bank accounts and debit cards for 150