Global Financial Integrity, an International body has reported that the black money stashed from India to foreign banks during the period 2003-2012 is Rs. 28 lakh crore. In 2012 alone the black money stashed away is Rs.6 lakh crore. Even after rapped by the supreme court the central government has not taken any action to bring back the huge black money which is running a parallel economy in the country. The period, during which maximum black money was stashed is incidentally the period of various scams in the country. (source: Business Line)
