Black money has been a matter of
concern since decades. The governments of the times have been taking action on
black money, its extent and how its proliferation can be checked. For this, a
number of committees have been appointed-Wanchoo Committee, Choksi Committee,
Chelliah Committee, Parthasarthy Shome Committee, Kelkar Committee and a Black
Money Panel in 2011 to prepare a white paper on black money. This issue was
also entrusted for study to three premier institutions of the country-National
Council of Applied Economic Research (NCAER), National Institute of Financial
Management (NIFM) and National Institute of Public Finance and Policy
(NIPFP)-but their reports have not been placed by the UPA and NDA governments
in public domain for reasons best known to them.
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