(a) the total black money in the country;
(b) whether CBI has recently made any assessment in
this regard;
(c) if so, the details of black money, fake currency,
excise evasion and bank frauds estimated by CBI;
(d) the Government response thereto; and
(e) the action taken by the Government in this regard?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (BALASAHEB VIKHE PATIL)
(a) Sir, there is no exact estimate of black money in the
country. However, National Institute of Public Finance and
Policy had made a study in 1983-84 where black money was
estimated to the approximately 20% of GDP. No further study
has been made at the instance of this Ministry.
(b) CBI has not made any study in this regard.
(c) to (e) Do not arise in view of (b) above.