Prime Minister Narendra Modi raises issue of black money, terrorism and drug trafficking in G-20 Summit

Prime Minister Narendra Modi raised the issue of black money during the ninth G-20 Summit meeting on Sunday. Prime Minister Narendra Modi urged every jurisdiction, especially tax havens, to provide information for tax purposes in accordance with treaty obligation. Narendra Modi said, “The new global standard on automatic exchange of tax information would be instrumental in getting information of unaccounted money hoarded abroad and enable its eventual repatriation. Close global coordination is important not just for addressing the challenge of Black money, but also security issues like terrorism, drug trafficking and smuggling.” PM Modi is also expected to unveil a statue of the iconic freedom fighter in Brisbane’s Roma Street Parkland.

Prime Minister Narendra Modi raises issue of black money, terrorism and drug trafficking in G-20 Summit

‘Our relations are deepening, waiting for your visit’: Germany’s Chancellor Angela Merkel tells PM Narendra Modi

Germany’s Chancellor Angela Merkel on Sunday told Prime Minister Narendra Modi that the people of Germany and her government were looking forward to his visit, and added that bilateral ties between New Delhi and Berlin are deepening. Both leaders met this morning on the sidelines of the ongoing G-20 Summit.
“Our relations are deepening. Waiting for your visit – German Chancellor Angela Merkel to PM @narendramodi,” Ministry of External Affairs (MEA) official spokesperson Syed Akbaruddin’s Twitter handle revealed. Read more

G-20 Summit: PM Narendra Modi raises issue of black money

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Raising the issue of black money during the G-20 Summit meeting here, Prime Minister Narendra Modi on Sunday stated that India supports all initiatives which facilitates automatic exchange of information among nations that ultimately helps in tracing unaccounted money and its eventual repatriation.

In series of tweets, Ministry of External Affairs (MEA) official spokesperson, Syed Akbaruddin’s twitter handle revealed Prime Minister Modi’s intervention on issues of tax evasion at the G-20 Summit.

“We support new global standard on automatic exchange of information. It would be instrumental in getting information at unaccounted money hoarded abroad and enable its eventual repatriation. I support all initiatives to facilitate exchange of information and mutual assistance in tax policy and administration,” Akbaruddin tweeted.

Congrats PM of a friendly country, we are ready to cooperate in all sectors – Crown Prince Salman to PM @narendramodi