After three years, black money study yet to be completed
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NEW DELHI: A study to assess the quantum of black money stashed in India and abroad is yet to be completed, over three years after it was commissioned by the previous UPA government.
The last government, had on March 21, 2011, commissioned the study on estimation of unaccounted income or wealth both inside and outside the country. These studies were expected to be completed within 18 months time, which expired on September 21, 2012.
The study is being conducted by Delhi-based National Institute of Public Finance and Policy (NIPFP) and National Council of Applied Economic Research (NCAER), and National Institute of Financial Management (NIFM), Faridabad, Haryana.
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