Law and Telecom Minister Ravi Shankar Prasad briefs the media after the first meeting of the new Union cabinet, which was chaired by Prime Minister Narendra Modi. He says that the issue of black money was discussed.

"The government has decided to set sup a Special Investigation Team to probe the issue of black money. The SIT team will be headed by Justice MB Shah. SIT has been formed in accordance to a Supreme Court order." he said.