NATION REGAINS SPIRIT OF ADVENTURE 1975-76
Drive Against Black Money
^ The underworld of smugglers smashed.
Top smugglers behind the bars; 42 smugglers declared absconding and their property seized.
^ Ceilings clamped on vacant urban land. Transfers within ceilings forbidden.
^ Limits on area of dwelling units set. Valuation of luxury houses to nab tax evaders. Direct taxes collection up by 27.4 per cent since July 1975, following tax raids.
^ Income and wealth exceeding Rs. 15,870 million disclosed by over 250,000 declarants under Voluntary Disclosure Scheme, Tax revenue Rs. 2,490 million.