Rs 70,000 crore worth black money detected since notes ban, says black money committee member?

Cuttack: Deputy Chairman of the Supreme Court- appointed SIT on black money, Justice Arijit Pasayat, on Thursday said Rs 70,000 crore of black money has been unearthed so far and the sixth report on it will be submitted to the apex court in April. He said Rs 70,000 crore of black money, including more than Rs 16,000 crore detected after probe launched into global leaks about Indians stashing funds abroad, has been unearthed through different schemes of the government. 

After a meeting with officers of several government agencies dealing with economic and financial affairs here, Justice Pasayat informed that the SIT will submit its sixth interim report to the Supreme Court in the first week of April. 

Black money: Govt may shut down 7 lakh shell companies He said the SIT made several recommendations in the past two years through its interim reports to check generation of black money. "While most of our recommendations have been accepted by the government, some are under active consideration to clampdown on black money.