PM Narendra Modi has said that his government’s black money law is very stringent and all steps are being taken to ensure that generation of unaccounted money is curbed. In an interview with Times Now, PM Modi said, “Our first cabinet decision was on Black Money. At G-20 forum also this issue was raised for the first time & consensus was formed on it.”
“We formed an SIT immediately after coming to power, the previous government had delayed it for three years, despite Supreme Court’s verdict. This lapse of three years gave people enough time to transfer their money from here to there” he said.
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“Never has black money been discussed in G-20. We are signing agreements with many nations. Soon after my visit, a delegation from Switzerland came to India. They are discussing automatic information exchange for the first time,” the Prime Minister said while citing his achievements on the black money issue. “Mauritius was widely spoken of as route for black money. We have successfully blocked that,” he added.
“We are working to make sure that black money is not generated and doesn’t move out of India,” he said.