New Delhi: On its first day in office, Prime Minister Narendra Modi’s new government has constituted a Special Investigation Team (SIT) to unearth and bring back black money stashed away abroad.

The decision was taken at a cabinet meeting. “It is a matter a great satisfaction that we have constituted a SIT to bring back black money as per Supreme Court orders,” Law Minister Ravi Shankar Prasad said after the meeting.

The SIT will be headed by a retired Supreme Court judge, Justice MB Shah.

“The highest level of financial, revenue and economic management of the country are members of the SIT. This indicates the commitment of the new government of India,” Mr Prasad said.