Govt Commissions Study To Quantify Black Money

The government has commissioned a study to estimate the amount of black money held within the country and abroad. On Saturday, the government announced the setting up of a committee to strengthen laws against black money, reports The Telegraph, Kolkata.

Three top institutions have been asked to conduct the study — the National Institute of Public Finance and Policy, the National Institute of Financial Management, and the National Council of Applied Economic Research — over a period of 18 months, an official statement released here today said.

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