Repatriation of black money is key of priority, says PM Modi at BRICS

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Brisbane, Nov. 15: Prime Minister Narendra Modi on Saturday identified repatriation of unaccounted money kept abroad as a key priority for India during his informal meeting with leaders from the BRICS nations, ahead of the G-20 Summit.

“Repatriation of black money kept abroad is a key priority for us,” Modi told the BRICS leaders.

“At BRICS meet ahead of G-20 PM @narendramodi calls for ‘close coordination on unaccounted money kept abroad’. “Unaccounted money abroad is also linked to security challenges – PM @narendramodi ahead of G20 Summit in Brisbane,” said the Ministry of External Affairs (MEA) tweet
The G20 host Australia yesterday vowed a “very aggressive” crackdown on tax avoidance. India is also seeking strong action by the Group of 20 industrialised and emerging economies against tax havens.

PM Modi is also expected to voice his concern over “jobless growth”, stressing that economic growth should also create employment.
Yesterday, Japanese Prime Minister Shinzo Abe hosted a dinner for his Indian counterpart on the margins of the G-20 Summit, and had told the leader that he was happy to meet him once again. Besides he also met EU President Herman Van Rompuy and UK Prime Minister David Cameron. Besides he also visited Queensland University of Technology.
The Prime Minister will then travel to Canberra and address the special joint sitting of the Australian Parliament on November 18. He is also to address a community event in Melbourne before travelling to Fiji.

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