Modi government has no estimate of the black money stashed abroad
GN Bureau | May 4, 2016
In a written reply to the rajya sabha, minister for state for finance, Jayant Sinha said, “Determination of black money sent to foreign countries is subject to investigation and other follow-up actions by relevant law enforcement agencies, including Income Tax department, enforcement directorate, CBI etc., which is on-going… However, details of the amount of money involved in such cases are not maintained centrally.”
After storming to power, prime minister Narendra Modi assured that they were committed to bring back black money as promised during election campaigns.
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