India talks tough on black money in hunt for hidden billions


Prime Minister Narendra Modi took power last year pledging to crack down on the "menace" of so-called black money -- vast piles of wealth kept secret from the tax authorities. - AFP/File / Indranil Mukherjee

New Delhi (AFP) - When an Indian deadline for declaring illegal assets expires Wednesday, billions of rupees hidden in foreign bank accounts or funnelled into property abroad will emerge into the light -- or so the government hopes.

Prime Minister Narendra Modi took power last year pledging to crack down on the "menace" of so-called black money -- vast piles of wealth kept secret from the tax authorities -- with a battalion of new measures.

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