New estimate pegs India’s black money at Rs. 25 lakh cr

Finance minister P Chidambaram is likely to reveal a new estimate of India’s unaccounted “black money”, most of it stashed abroad, in the budget session and follow it up with a plan to hold it to account, top officials told HT. The new estimates, the first since 1985, have been compiled at the government’s behest by three think-tanks...

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