Issue Date: Jan 31, 1998
What a beautiful smile P Chidambaram, India's youthful finance minister, had on his face announcing the final results of the Voluntary Disclosure of Income Scheme (vdis). Some Rs 10,000 crore, equivalent to about us $3 billion or about 5 per cent of the total annual aid flow from the North to the South, had suddenly landed in the pocket of the Indian government. India's corrupt businesspeople decided that the easy way out being offered to them was worth taking.