Fin Min sends black money reports to Parliamentary panel

The Finance Ministry has sent three study reports on the quantum of black money held by Indians inside the country and abroad to a Parliamentary panel, more than three years after they were submitted to the government, officials said today.

The studies, commissioned by the previous UPA regime, were conducted by the Delhi-based National Institute of Public Finance and Policy (NIPFP), National Council of Applied Economic Research (NCAER) and National Institute of Financial Management (NIFM), Faridabad.

The NIPFP, NCAER and NIFM reports were received by the government on December 30, 2013, July 18, 2014, and August 21, 2014, respectively.

These reports were recently submitted to the Standing Committee on Finance, the officials told

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