Operation Clean Money launched by Union Finance Ministry

Operation Clean Money is a web portal launched by Narendra Modi government to name and shame tax defaulters.The Operation Clean Money portal will also give details of high risk areas like petrol pumps and jewellers to help them increase awareness about tax compliance.

UN lowered India's GDP growth forecast by 7.3%

The UN World Economic Situaton and Prospects lowered the GDP forecast of India from 7.7% in 2016 to 7.3% in 2017.The report cautioned that bad loans were the reason for this .4% dip . At the same time the UN has projected an impressive 7.9% GDP in 2018.