<h1>Transparency and exchange of information: India bolsters treaties, laws and institutions to curb black money and evasion.</h1> The White Paper treats black money as assets not reported to public authorities, arising either from illegal activity or from under reported legitimate income, and sets out a five pronged framework: international engagement for transparency and information exchange; strengthening tax and anti money laundering legislation including GAAR and benami laws; building institutional capacity across tax, customs, enforcement and intelligence agencies; deploying integrated data systems and reporting mechanisms; and enhancing skills for investigation and prosecution to prevent generation, detect evasion, and facilitate repatriation of illicit assets.