PM Modi at G20 meet: Need for zero tolerance for corruption, black money
Channel: Metro TV Odisha
Date: 2016-09-05

Prime Minister Narendra Modi, in his speech at the crucial G20 meeting being held in Hangzhou, China, called for the eradication of tax havens for economic offenders, and a crackdown on black money hoarders, money launderers and tax offenders.

Modi said that an effective financial governance was only possible in the world if there was "full commitment to act against economic offenders, and to eradicate safe havens."The Modi government is focussed on clamping down on black money in the country and plugging the loopholes that make economic offences possible. For this, the government has announced several measures, even announcing a one-time amnesty-like compliance window, to come cean on disclosed income or assets by paying only a part of the outstanding taxes as penalty.



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