Fighting corruption, black money is key to effective financial governance: PM Modi

Prime Minister Narendra Modi has said that fighting corruption, black money and tax evasion is key to effective financial governance. Intervening in the session on More Effective and Efficient Global Economic and Financial Governance at the ongoing G20 Summit in Hangzhou, China, Mr. Modi, called for zero tolerance for corruption and black



money and zero administrative, policy and treaty loopholes in this area. 

He said, G-20 member nations need to act to eliminate safe havens for economic offenders and track down and unconditionally extradite money launderers. Mr Modi also called to break the web of excessive banking secrecy that hides the corrupt.