ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Revival of Encounters in Andhra

channels. The point to note is that at least a part of the black money gene- lated in the entire operation has been laundered and made white in the form of deposits in trusts. In this sense, at least. Antulay's collections bear a close resemblance to the bearer bonds floated under the Union government's aegis by our Finance Minister who commended his scheme precisely on the ground that the incentives and opportunity he was offering to black money hoarders would result in mopping up black money and putting it in regular financial channels as white money. It would appear that Antulay has done a better job in this respect in his own way than the Central government could do with its bearer bonds scheme.

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