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Money sent abroad illegally in 2007 equals cost of linking India's rivers

Rs 5.3 lakh crore flowed out of India illegally in 2007, says govt report

Vipul Vivek | IndiaSpend 

About Rs 5.3 lakh crore (at the current exchange rate of Rs 64/US dollar) flowed out of India illegaly in 2007, a government-commissioned report on black money has revealed. The amount is 5% less than the water resources ministry’s estimates (Rs 5.6 lakh crore) of the cost of linking the country’s rivers to address water scarcity and flooding. Economic & Political Weekly, in collaboration with Business Standard, recently uploaded the National Institute of Public Finance and Policy (NIPFP) report on black money. The 1,200-page report, whose highlights Business Standard ...

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First Published: Fri, May 19 2017. 07:48 IST
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