White paper on black money likely in budget session

By IANS,

New Delhi : The government is likely to bring in the budget session a white paper on black money stashed abroad, Minister of State for Finance S.S. Palanimanickam said Tuesday.

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“The white paper is likely to be brought during the budget session,” Palanimanickam said in a written reply to a question in Rajya Sabha.

He said the government has commissioned a study to access the quantum of black money stashed abroad. “The study is expected to be completed by September 2012,” he said.

The study is being conducted separately by three government-run institutes – National Institute of Public Finance and Policy, National Institute of Financial Management and National Council for Applied Economic Research.