Tax men unearth undisclosed income of £796.1 mn

India's minister of state for finance Pon Radhakrishnan told the parliament that the income-tax department has unearthed undisclosed income of £796.1 million post demonetisation. Minister said the department, during this period, conducted searches on around 900 groups, wherein assets worth over £s90 million were seized and undisclosed income of £796.1million was detected. The minister added that as per the data available to NCRB (National Crime Record Bureau), after the demonetisation of Rs 1,000 and 500 notes, an amount of £1.87 million of fake Indian currency notes have been seized by police till November 30, 2017 as against £1.57 million seized the year-ago period.