Why money is so often illegally remitted in India?

Episode 8,   Jul 26, 2018, 07:51 AM

While it has been a routine and traditional business practice in India, to illegally remit money abroad and evade taxes, despite very stringent provisions of penalty and prosecution under FEMA and the Income Tax Act, why is it becoming such a regular practice? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter