Trade4target : Black money study report is accepted by Finance Ministry

Trade4target : Daily News 22/10/2014

Central Govt.:The Finance Ministry is  accept two of the three reports submitted to it on the assessment of black money in India and abroad which were commissioned by the UPA government three years ago.

The studies were conducted by the Delhi-based National Institute of Public Finance and Policy  and National Council of Applied Economic Research  and National Institute of Financial Management  at Faridabad.

Report from one institute has been received and accepted and reports from the remaining two institutes have been received but yet to be accepted by the government so far, the Finance Ministry said in reply to an RTI query.

It, however, declined to share the contents of the reports citing the exemption clause under the transparency law.

Further details cannot be made available at this point of time as the information is exempt under Section 8(1)(c) and Section 8(1)(e) of RTI Act, 2005, since the report is yet to be examined by the government or action taken thereof is yet to be laid before Parliament, the ministry said.

Section 8(1 )(e) bars disclosure of information which would cause a breach of privilege of Parliament. The other clause exempts disclosure of "information available to a person in his fiduciary relationship, unless the competent authority is satisfied that the larger public interest warrants the disclosure of such information".
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