September 13, 2016 2:26 PM

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SC-appointed SaMeasures taken to stop generation of black mIT says, measures taken so far to stop generation of black money in country is satisfactory

Supreme Court-appointed Special Investigating Team (SIT) on black money has said that the generation of black money in the country has declined. SIT Vice-Chairman Justice Arijit Pasayat said the measures taken so far to stop generation of black money in the country is satisfactory and stressed the need to focus on checking the generation of black money at source. After a meeting with officers of several government agencies dealing with economic affairs in Cuttack yesterday, Justice Pasayat said that the SIT has already submitted six interim reports to the Supreme Court and the next report is likely to be submitted by the end of this year. <br/><br/>He said it will be wrong to say that generation of black money has completely stopped. However, a fear psychosis has developed among the black money holders, he said. Justice Pasayat said people are now aware of the severe consequences of generating and holding black money. He also said activities of several private educational institutions, jewellery shops, real estate companies, self-styled godmen and mafias are under scrutiny to tap the black money.

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