Various laws have been enacted to deal with the issue including the recent Act passed by the Parliament in May 2015 i.e., The Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015.

However, despite the enactment of laws to root out corruption and to plug black money and despite the establishment of Vigilance Commission, Enforcement Directorate, Lokpal, Lokayukta etc., the problem has reached monstrous proportions.

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