“The government of India should enact a law to declare itself as the sole owner and beneficiary of all Indian monies, assets and bank accounts held abroad by Indian nationals or by the dependants of Indian nationals without due declaration to the Indian authorities. … On the strength of this law, the Government of India can ask the world governments and the foreign banks … to recognise the Indian government as the beneficiary of the undeclared wealth and freeze the accounts till the currents owners prove that they had acquired it by fair and lawful means.” – Virendra Parekh

Has the Modi government bitten off more than it can chew on the black money? Black money is a vast issue, but the current public debate is centred on the illicit wealth stashed away in foreign banks; more accurately on BJP’s promise to bring it back.

No doubt this was among…