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G20 Summit: Modi Urges Refinement Of Global Economy, Finance Governance

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| September 5 , 2016 , 09:57 IST
[caption id="attachment_222754" align="aligncenter" width="700"]On the second day of the 11th G20 Summit in Hangzhou, Prime Minister Narendra Modi addressed the issue of effective Global Economy and Finance Governance with the G20 leaders. On the second day of the 11th G20 Summit in Hangzhou, Prime Minister Narendra Modi addressed the issue of effective Global Economy and Finance Governance with the G20 leaders.[/caption] On the second day of the 11th G20 Summit in Hangzhou, Prime Minister Narendra Modi addressed the issue of effective Global Economy and Finance Governance with the G20 leaders. "We need a regular dialogue between the IMF, Regional Financial Arrangements and Bilateral Swap Arrangements," said Narendra Modi. ALSO READ: G20 Summit: PM Modi Raises Need For An Action Oriented Agenda To Revive Sluggish World Economy "Fighting corruption, black money and tax evasion is central to effective financial governance," he said while addressing the G20 leaders. "We need to act to eliminiate safe havens for economic offenders," he added. Modi also called for the breaking down of the web of complex international regulations and excessive banking secrecy. ALSO READ: Narendra Modi Meets UK’s New PM Theresa May He professed India's support for BEPS recommendations and calls on countries to commit to the timeline of 2017-2018 in Hangzhou, China. Chinese President Xi Jinping praised PM Modi's leadership of the Indian economy especially his energy policy, in his remarks on Monday

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