Government chooses 3 institutes to assess the quantum of black money by Indians

The government has assigned the work of finding out the amount of black money stashed by Indians in the country and abroad to 3 institutes. These institutes are

  • National Institute of Public Finance and Policy
  • National Institute of Finance Management
  • National Council for Applied Economic Research

These institutes are expected to complete their study by the end of 2012. They institutes will also suggest ways to tackle the menace of black money.

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