Monday 22 January 2018

Operation Clean Money: I-T dept to exhibit anti-black money drive on R-Day

Shell companies, divestment, investment, black money, demonetisation, note ban

For the first time, an Income Tax Department tableau will roll down the Rajpath during the Republic Day parade, showcasing its special anti-black money drive that was launched post demonetisation.
The tableau will depict the Operation Clean Money (OCM), its salient features and people's contribution towards the drive which was launched by the I-T department on January 31 last year.
Its two editions have been rolled out by the policy-making body of the I-T Department, the Central Board of Direct Taxes (CBDT), till now.
"The tableau will showcase the OCM which is an initiative of the taxman against black money," a senior official said.
"As the drive against black funds is a major flagship of the government, the tableau will speak about clean money and how it can be used to create a strong country," the official added.
He said this will be the first time that the department's float will be a part of the Republic Day parade on the Rajpath, which witnesses representations from the armed forces besides various states and ministries.
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