Centre commissions study to estimate ill - gotten wealth

With the clamour over black money growing, the Centre has commissioned a study to estimate the quantum of unaccounted wealth inside and outside the country. The study will also try to ascertain black money’s ramifications on national security. “The study will be conducted separately by three Government institutes, namely the National Institute of Public Finance and Policy (NIPFP), the national Institute of Financial Management (NIFM) and the National Council of Applied Research,” Finance Minister said, in reply to a question from Samajwadi Party MP Shailendra Kumar. These institutes have been given time up to September 2012 to submit their reports.

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