<h1>648 Undisclosed Foreign Assets Worth Rs. 4164 Crore Revealed in 2015-16 Under Black Money Act; Rs. 2476 Crore Collected.</h1> In the 2015-16 financial year, 648 disclosures of undisclosed foreign assets totaling Rs. 4164 crore were made under the Black Money Act, resulting in Rs. 2476 crore collected in taxes and penalties. The government has implemented various measures to combat black money, including establishing a Special Investigation Team and a Multi-Agency Group, enhancing international cooperation for information exchange, and enacting the Black Money Act. Amendments to the Prevention of Money-laundering Act allow for property confiscation. These efforts aim to address black money, particularly funds hidden abroad, with high priority given to investigations and prosecutions.