Govt delays action on black money by 18 months

August 30, 2011 13:49

In Parliament today, the government said that it does not propose to bring out a White Paper on black money. "There is no proposal to publish any White Paper on black money," Finance Minister Pranab Mukherjee told the Rajya Sabha
in a written reply.
White Papers, which are issued by the government, lay out the policy or proposed action on topics of current concern. The minister, however, said that the government has commissioned a study on black money by three national-level institutions.
The institutions -- the National Institute of Public Finance and Policy (NIPFP), National Council of Applied Economic Research (NCAER) and National Institute of Financial Management (NIFM)-- were given 18 months to complete the study on black money.

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