White paper, black money

A white paper on black money was tabled in the Lok Sabha by the former finance minister, Pranab Mukherjee, on May 21, 2012. As he noted in the foreword to the white paper, it was presented in response to the issue of corruption coming to the forefront of public discourse. He noted two issues that had been raised in the debate, namely, the magnitude of black money, including the unaccounted for wealth stashed abroad, and the inadequacy of the government’s response in addressing these issues. He added frankly: “This document seeks to dispel some of the views around these two issues and place the various concerns in a perspective.”

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