"We are initiating effective steps to fulfil the Prime Minister's commitment to bring back every penny of black money parked abroad to the country," Prasad told reporters on arrival from Delhi.
Stating that the NDA government believed in transparency in politics, Prasad said, "Measures within the ambit of law are being taken on the matter."
While the BJP government has shown firm commitment on the subject of black money, Congress did nothing during its rule on the issue, he said.
Prasad pointed out that at the very first Cabinet meeting, Narendra Modi government had constituted a Special Investigation Team (SIT) on the black money issue.
The SIT headed by Justice (retd) M B Shah with Justice (retd) Arijit Pasayat as its Vice Chairman was constituted for investigation, initiation of proceedings and prosecution in cases involving unaccounted money.
Prasad is here in connection with the second death anniversary of veteran BJP leader Kailashpati Mishra.