gfiles magazine

December 17, 2016

Pain in vain

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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