GOVERNMENT'S WHITE PAPER ON BLACK MONEY

GOVERNMENT'S WHITE PAPER ON BLACK MONEY

The "White Paper on Black Money"(PRESS RELEASE, DATED 16-5-2012) presents the different facets of black money and its complex relationship with policy and administrative regime in the country. It also reflects upon the policy options and strategies that the Government has been pursuing in the context of recent initiatives, or need to take up in the near future, to address the issue of black money and corruption in public life.

It contains following topics

1. Defining 'Black Money'

2. Factors Leading to Generation of Black Money

3. Ways of Generating Black Money

4. Estimates of Black Money Generated in India

5. Estimates of Black Money Stashed Abroad

6. Illicit Money transferred outside India: Reports of the IMF and GFI

7. INSTITUTIONS TO DEAL WITH BLACK MONEY

8. Evolution of Strategies to Control Black Money in India

9. Joining the Global Crusade against Black Money

10. Creating an appropriate legislative framework

11. Setting up Institutions for Dealing with Illicit Money

12. Developing Systems for Implementation

13. Results Achieved

14. THE WAY FORWARD

For complete text please see http://www.taxmann.com/TaxmannFlashes/flashst21-5-12_DTL_2.htm?aa=