#Blackmoney, #blackhole... There are no reliable estimates of - TopicsExpress



          

#Blackmoney, #blackhole... There are no reliable estimates of black money generation or accumulation, neither is there an accurate, wellaccepted methodology for making such estimation. Thus began the section on Estimates of Black Money Generated in India in the UPA governments white paper on black money. The 108-page document, presented by the then finance minister Pranab Mukherjee in May 2012, explained in detail the difficulty in tracing, tracking, reckoning and repatriating illicit money parked in banks abroad: By its very definition, black money is not accounted for, thus all attempts at its estimation depend upon the underlying assumptions made and the sophistication of adjustments incorporated.Read more at: indiatoday.intoday.in/story/black-money-modi-government-bjp-congress/1/405240.html
Posted on: Sat, 06 Dec 2014 04:55:19 +0000

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