mos38

Travel to rural India and talk to a money lender. There was a nice much needed shake down. They were all sitting on cash that had to be pushed into bank accounts. This is a long term net positive in shedding light on the shadow economy which has been exploiting the unbanked rural poor for the longest time.

Like indian traffic and indian traffic cops, there weren't ever enough tax men to enforce anything too strictly even before all this new data was collected. But I agree in general that it takes things in a positive direction long term. The digitization allows for more automation and wider enforcement. Its going to take some time to settle. Hope the opposition doesn't complicate the story with mindless hysterics.