Is govt serious about tackling black money?

GN Bureau | May 30, 2011



The finance ministry has commissioned a study to estimated black money. It is expected to throw light on this huge underground economy. The report, to be prepared by three premier think tanks, is expected by September 2012. A laudable move, indeed, except that in the last couple of months the supreme court has admonished the government repeatedly for not being serious enough in tackling the problem of black money. In that light, will this study help the fight against paralled economy or is it a futile exercise?

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