LK Advani says black money has never been discussed in the house. He says the PM has been credited with the fact that licence raj ended and liberalisation began when Dr Singh was the finance minister. The credit for that should in fact, be given to the then PM Narasimha Rao, who was the PM, he says.

Continuing the discussion on black money, he says the government has failed to curb black money and high tax leads to black money being hoarded in foreign banks.