Moneycontrol PRO
HomeNewsBusinessCompaniesTo get new study conducted on black money issue: Govt

To get new study conducted on black money issue: Govt

The government today said it will get a new study conducted on black money stashed by Indians within and outside the country by July next year.

March 05, 2011 / 01:13 IST

The government today said it will get a new study conducted on black money stashed by Indians within and outside the country by July next year.


The government has decided to get a fresh study conducted on unaccounted income and wealth, both inside and outside the country, unravelling the nature of activities engendering money laundering and its ramifications on national security, Minister of State for Finance S S Palanimanickam said in a written reply to Lok Sabha.


"The proposal (to conduct a study) was approved by the government in January 2011. The study is likely to be completed within a time frame of 18 months," he said.

Earlier the government had said three institutes have been selected to conduct study on black money stashed by Indians within and outside the country.

first published: Mar 4, 2011 11:20 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347