Mukherjee to present White paper on black money in parliament

New Delhi, May 21 (ANI): Finance Minister Pranab Mukherje is likely to present a White Paper on black money in Parliament today, as promised to the House during a debate on the Finance Bill last week.

"I will try to give all the relevant and possible information," Mukherjee had said in the Lok Sabha, while promising to bring the White Paper in the on-going Budget Session.

The Opposition, led by the Bhartiya Janata Party (BJP) has been accusing the government of going slow on the black money probe.

However, there are indications that the White Paper might not carry all the information about the unaccounted for money lying overseas, as the government appointed expert committees are expected to submit their reports in July or August.

"In respect of estimates of black money, three institutions are studying it independently and they will give their reports at the end of an 18-month period, and that period is coming to a close around July or August," Mukherjee had said, while replying to the argument raised by senior BJP leader, L.K. Advani in the Lok Sabha on Tuesday.

The White Paper, however, is likely to contain the report of an official committee, set up in May 2011, under the chairmanship of Central Board of Direct Taxes (CBDT). (ANI)