New Delhi, June 25 -- A Parliamentary Standing Committee on Finance on Monday said there are no reliable estimates of black money generated and held within and outside the country.

In its report titled "Status of Unaccounted Income/Wealth Both Inside and Outside the Country - A Critical Analysis", the standing committee cited the studies conducted by the three premier institutes - NIPFP, NCAER and NIFM - between 1980 and 2010 - which estimated black money in the range of $216.48 billion to $490 billion.

The studies conducted by the three institutes have found that the sectors where unaccounted income is found to be the highest included real estate, mining, pharmaceuticals, pan masala, gutkha, tobacco, bullion, commodity, film, and educa...