February 1, 2017
The SIT on black money Wednesday hailed Finance Minister Arun Jaitley’s budget announcement to limit cash transactions at Rs 3 lakh but said its other recommendation to cap cash holding of an individual at Rs 15 lakh would have been a “far better” measure to check corruption. The Chairman of the Special Investigation Team (SIT) on black money, Justice (retd) M B Shah said in order to check stash funds some “stern steps” are needed to be taken but the government also has to go by the advice of economists and others and not alone them.