Prime Minister Narendra Modi backs G20's efforts to tackle terrorism, corruption

"There are some nations that use terrorism as an instrument of state policy," he said. "Indeed one single nation in South Asia is spreading these agents of terror in countries of our region." He did not mention Pakistan by name but left no one in doubt which country he was referring to.

The Prime Minister also indicated his unhappiness over China's refusal to support UN sanctions against Pakistan based terrorists when he said that "those who sponsor and support terrorism must be isolated and sanctioned, not rewarded."

"For us a terrorist is a terrorist." the PM said, adding that "India has a policy of zero tolerance to terrorism because anything less than that is not enough.

The Prime Minister also said that India "appreciates the G20 initiative on combating financing of terrorism".The G20 issued a joint communique saying it "will tackle all sources, techniques and channels of terrorist financing" and remains "committed to effectively exchanging information, freezing terrorist assets, and criminalising terrorist financing".

India has also supported G20 efforts "to eliminate safe havens for economic offenders, track down and unconditionally extradite money launderers and break down the web of complex international regulations and excessive banking secrecy that hide the corrupt and their deeds".



Source:-indiatimes
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Eliminate safe havens for economic offenders: PM Modi tells G20

China's government minders gave American national security advisor Susan Rice and other US officials trouble over press access to the US leader's arrival in the eastern city of Hangzhou.

The dispute concluded in a nationalistic eruption from one official, who shouted "This is our country! This is our airport!" at White House staffers as they tried to help American reporters position themselves to film Obama's arrival.
HANGZHOU: Prime Minister Narendra Modi on Monday made it clear that effective financial governance requires "full commitment" to act against the corrupt and elimination of "safe havens" for economic offenders as he called on G20 members to break down the web of excessive banking secrecy.

In his intervention on the second day of the G20 Summit in this east Chinese city, Modi said fighting corruption, blackmoney and tax-evasion were central to effective financial governance.

To achieve that, he said, "we need to act to eliminiate safe havens for economic offenders, track down and unconditionally extradite money launderers and break down the web of complex international regulations and excessive banking secrecy that hide the corrupt and their deeds".

The prime minister said that a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.

He called for further strengthening of the global financial safety net.

"We need a regular dialogue between the IMF, Regional Financial Arrangements and Bilateral Swap Arrangements. Important mechanisms like financial stability board should stick to their core mandate," External Affairs Ministry spokesperson Vikas Swarup quoted the Prime Minister as saying in a series of tweets.


"IMF should remain a quota-based institution and not depend on borrowed resources," Modi said emphasing that the "long-delayed 15th General Review of Quotas must be completed by 2017 Annual Meetings."


The Prime Minister also said that India needs energy to support its development. A "balanced mix of nuclear, renewal energy and fossil fuels are at the core of our policy."
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Financial corruption? The kingpins are the US banking cartels (who incidently have owned every POTUS since JFK)gps1997


The G20 member states represent 85 per cent of the world's GDP.


Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the UK, the US and the European Union make the G20.


Source:-indiatimes
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Hangzhou airport tiff highlights US-China value gap: Barack Obama

airport!" at White House staffers as they tried to help American reporters position themselves to film Obama's arrival.

The outburst was caught on camera, in an awkward prelude to face-to-face talks between Chinese President Xi Jinping and his American guest.

Both leaders are eager to smooth over their differences and find areas of common cause as they seek to bolster their leadership credentials both abroad and at home.

The incident was not a first for China, Obama said during a press briefing with new British Prime Minister Theresa May.

"We think it's important that the press have access to the work that we're doing. That they have the ability to answer questions," he said, adding "we don't leave our values and ideals behind when we take these trips."

The differences are also on display in discussions with his Chinese counterpart, he said.

"When I bring up issues like human rights, there are some tensions there that perhaps don't take place when President Xi meets with other leaders."

Kerfuffles over press access are common in China, where the ruling Communist Party sees the media more as a tool for forwarding its political agenda than an independent check on governance.

The country tightly controls its journalism, regularly censoring reporting on issues it deems sensitive or unflattering.


Its approach is particularly apparent in Hangzhou, where a suffocating security presence is designed to avoid any disruption and protect China's large political and financial investment in the summit.


Nevertheless, Obama took the tarmac incident in good rumour, noting that the travelling White House juggernaut can be intimidating for any nation.
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Chinese are born rude and disrespectful.Nothing surprising.PKM


"Part of it is we also have a much bigger footprint than a lot of other countries," he said.


"We've got a lot of planes, a lot of helicopters, a lot of cars, a lot of guys. You know, if you're a host country, sometimes it may feel a little bit much."

Source:-indiatimes
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