Black money can destabilise world peace, warns Modi

Update: 2014-11-22 22:55 GMT
A day after his return from a foreign tour during which the issue of black money was flagged at the G-20 Summit in Australia, Modi wrote a blog saying that ‘India placed the issue of existence and repatriation of black money at the forefront of the world community.’

The Prime Minister said he was glad that the world community took note of this ‘because this is an issue that does not selectively affect one nation.’

Warning that ‘the menace of black money has the potential to destabilise world peace and harmony,’ Modi said, ‘black money also brings with it terrorism, money laundering and narcotics trade.’

Pitching for a united global fight against the menace, he said, ‘As democracies firmly committed to
the rule of law, it becomes our obligation to collectively fight this evil and there was no better occasion than the G-20 to raise this.’

Referring to the outcome of the G-20 Summit, he said, ‘Our efforts paid off with the official communique reflecting this issue.’

Modi, who attended five Summits and met 38 world leaders during his 10-day tour of Myanmar, Australia and Fiji, said, ‘I noticed one thing - that the world is looking at India with renewed respect and immense enthusiasm! I see a global community that is tremendously keen to engage with India.’
‘With every leader, we discussed how we could make our relations more extensive, diverse and wide-ranging. Strengthening trade and commerce and drawing industry to India was a central part of the discussion,’ Narendra Modi wrote on the blog.

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