Government has taken several measures to effectively tackle the issue of black money stashed away abroad. In a written reply in the Lok Sabha Minister of State for Finance Santosh Kumar Gangwar informed that government has pro-actively engaged with foreign governments for exchange of information under available instruments. <br/><br/>He informed that, as part of the investigations in undisclosed foreign asset cases of the country during past three years, there has been about three fold increase in number of requests made by the Indian competent authorities under tax treaties to their counterparts abroad. <br/><br/>The minister said India has proactively joined the global efforts to implement a uniform global standard on Automatic Exchange of Information on a fully reciprocal basis facilitating exchange of information regarding persons hiding their money including in offshore financial centres and tax havens through multilayered entities with non-transparent ownership. <br/><br/> Mr. Gangwar informed that enforcement actions have been intensified in high impact cases, inter alia, with a view to prosecute the offenders at the earliest possible. <br/><br/>Substantial increase in criminal prosecutions in undisclosed foreign assets cases has strengthened credible deterrence against tax evasion, the reply added.