Reports on how much black money is in India can't be disclosed: Institutes

At present no official assessment on the quantum of black money in the country and abroad

The reports on the quantum of black money held by Indians in the country and abroad cannot be made public, country’s two premier institutes that conducted studies on the ill-gotten wealth on the finance ministry’s directive said.

The UPA government had in 2011 asked three institutes — National Institute of Public Finance and Policy (NIPFP), National Council of Applied Economic Research (NCAER) and National Institute of Financial Management (NIFM), Faridabad — to conduct studies on black money. The study reports of NIPFP, NCAER and NIFM were received by the Ministry on December 30, 2013; July 18, 2014 and August 21,