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Indians Declare $9.5 Billion in ‘Black' Money

Tens of thousands of Indians have come forward over the past four months to declare a collective $9.5 billion in income that was never reported or taxed, India's finance minister Arun Jaitley announced Saturday. Jaitley said that number could increase because some declarations are still being processed. Under a government plan announced by Jaitley earlier this year, the 64,275 Indians who declared so-called black money during the four month period that ended Friday would pay 45...

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