January 24, 2011 7:20 PM

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Govt. to unveil strategy on black money issue on Tuesday

The government will unveil its strategy to deal with the black money issue on Tuesday. Finance Minister Pranab Mukherjee will announce the measures the UPA government intends to take to bring back the unaccounted money into the country and tighten the regulatory and tax framework to prevent further illegal outflows. A finance ministry spokesman on Monday said Mr Mukherjee will hold a press conference in New Delhi on the issues related to black money on Tuesday. The issue came for discussion at the last meeting of the Union Cabinet during which Prime Minister Dr Manmohan Singh had said that it was not possible to make specific details such as about black money parked in Swiss banks. The government had also appointed a Group of Minister (GoM), headed by Mr Mukherjee, to suggest legislative and administrative steps to deal with the menace of black money. The GoM at its first meeting last week asked the government to expedite the Lok Pal Bill.

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