The government today said it will get a new study conducted on black money stashed by Indians within and outside the country by July next year.
The government has decided to get a fresh study conducted on unaccounted income and wealth, both inside and outside the country, unravelling the nature of activities engendering money laundering and its ramifications on national security, Minister of State for Finance S S Palanimanickam said in a written reply to Lok Sabha.
"The proposal (to conduct a study) was approved by the government in January 2011. The study is likely to be completed within a time frame of 18 months," he said.
Earlier the government had said three institutes have been selected to conduct study on black money stashed by Indians within and outside the country.
PTI
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