Finance ministry keeps lid on black money reports
Live MintNew Delhi: The finance ministry has refused to share copy of three reports on the quantum of black money held by Indians inside the country and abroad, saying its disclosure would cause a breach of privilege of Parliament. According to a study by US-based think-tank Global Financial Integrity, an estimated $770 billion in black money entered India during 2005-2014. So far, there are no reliable estimates of black money generated and held within and outside the country,” the finance ministry had said while ordering the studies in 2011. “Government has been seized of the matter and has, therefore, commissioned these institutions to get an estimation and sense of the quantum of illicit fund generated and held within and outside the country,” the ministry had said.
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