Narendra Modi government set to deregister another 50,000 companies to curb illicit money

Amid intensified efforts to curb illicit fund flows, the government expects to deregister this fiscal another 50,000 companies that have not been carrying out business activities for long, according to a senior official.

Narendra Modi government set to deregister another 50,000
The names of more than 2.26 lakh companies have already been struck off from official records and almost an equal number has been identified for further action. Image source: Reuters

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