Black money repatriation priority: Modi at G20

Brisbane: Prime Minister Narendra Modi Sunday made a strong pitch for repatriation of black money by urging the G20 countries that close coordination is important not just for also addressing the challenge of black money but also security issues like terrorism, drug trafficking and arms smuggling.

Addressing the G-20 in session titled, "Delivering Global Economic Resilience", the prime minister said: "Close coordination is important not just for also addressing the challenge of black money but also security issues like terrorism, drug trafficking, arms smuggling," according to tweets posted by the external affairs ministry.

"Urge every jurisdiction, especially tax havens, to provide information for tax purposes in accordance with treaty obligations."

"I support all initiatives to facilitate exchange of information and mutual assistance in tax policy & administration," he said.