The Finance Minister Mr Pranab Mukherjee, will on Monday, table in Lok Sabha the much awaited white paper on black money.
He had recently assured BJP leader Mr L.K.Advani that the white paper would be tabled in the lower house before the end of the budget session. The budget session is due to end on Tuesday.
The opposition parties led by the BJP have been criticising the ruling UPA for doing little to bring back the black money stashed by Indians in foreign banks abroad.
Responding to this criticism, the Government has framed a comprehensive five-pronged strategy in order to bring back the country's money illegally stashed abroad.
The strategy comprises of joining the global crusade against black money; creating an appropriate legislative framework; setting up institutions for dealing with illicit funds; developing systems for implementation and imparting skills to manpower for effective action.
The Government does not have an estimate of quantum of black money existing in the country. It has however on the basis of the recommendations of the Standing Committee on Finance, commissioned a study by three national level institutions.
These three national institutes are National Institute of Public Finance and Policy; National Institute of Finance and Management and National Council for Applied Economic Research.
The study is expected to be completed by September 2012.