September 17, 2026 10:43 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Gurugram biker crash: Main accused Kalyan Bainsla sent to police custody for 2 days | ‘Just tax collection’: Ashneer Grover slams new UPI charges above Rs 2,000 | India condemns Houthi attack on Saudi Arabia, warns of threat to Red Sea shipping | Gurugram biker hit by car: Two including main accused arrested after viral road rage video, attempt to murder case filed | Gurugram horror caught on camera: ‘I felt unsafe’—car chases, rams woman biker and flees | BRICS veg menu row: ‘Why shouldn’t we showcase it?’—Harsh Goenka hits back after Rahul Gandhi’s ‘80%’ remark | India-UAE Comprehensive Strategic Partnership in focus: Modi meets Abu Dhabi Crown Prince on BRICS sidelines | Xi Jinping lands in India for BRICS; big Modi meeting set for New Delhi | ‘Hospitality on another level’: South African official stunned by India’s BRICS hosting | Suvendu Adhikari eats fish bhog at Kalighat Temple amid Bageshwar Baba row

G-20 Summit: Modi takes up black money issue, calls for close coordination

| | Nov 16, 2014, at 03:41 pm
Brisbane, Nov 16 (IBNS): Prime Minister Narendra Modi on Sunday expressed India's support for a new global standard on automatic exchange of information, which would be instrumental in getting information about unaccounted money hoarded abroad and enable it's eventual repatriation.
He said this while making an intervention during the G20 session on Delivering Global Economic Resilience. 
 
Modi said he supported all initiatives to facilitate exchange of information and mutual assistance in tax policy and administration.
 
Noting that increased mobility of capital and technology have created new opportunities for avoiding tax and profit shifting, the Prime Minister said he urged every jurisdiction, especially tax havens, to provide information for tax purposes in accordance with treaty obligations.
 
The Prime Minister reiterated his call for "close policy coordination among major economies", saying this is important not just for also addressing the challenge of black money, but also for security issues like terrorism, drug trafficking, arms smuggling etc. 
 
He said although all countries have their domestic priorities, coordinated decisions would "help us all" in the long run. 
 
Modi said the resilience of the global financial system will also depend on cyber security.
#G-20 Summit: Modi takes up black money issue # calls for close coordination

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
In Images: Modi meets African leaders on BRICS sidelines
In Images: Modi meets African leaders on BRICS sidelines Sep 13, 2026, at 07:20 pm
In Images: PM Modi with BRICS leaders at Bharat Mandapam
In Images: PM Modi with BRICS leaders at Bharat Mandapam Sep 13, 2026, at 05:33 pm
In Images: PM Modi delivers opening remarks at 18th BRICS Summit session
In Images: PM Modi delivers opening remarks at 18th BRICS Summit session Sep 13, 2026, at 05:23 pm
Related Videos
Ramnami tattoos, music and tech: Chaltabagan's ‘Nishan’ takes Durga Puja global Aug 31, 2026, at 07:59 pm
ABVP-Left student groups clash at Jadavpur University in Kolkata Aug 20, 2026, at 11:09 am
Massive fire broke out at plastic factory in Siliguri. No casualties reported. Aug 19, 2026, at 03:47 pm