Black money a problem, but no magic solutions: PM
The Prime Minister's remark came when he was asked whether the black money issue has become irrelevant for the Group of Developed and Developing countries (G-20) or any improvement was there in dealing with the problem.
"It is too early to say one way or the other," he said. The just concluded G-20 Summit at Los Cabos in Mexico welcomed the efforts to enhance interagency cooperation to tackle illicit financial flows.
In its communique, the G-20 said it supported the renewal of the Financial Action Task Force (FATF) mandate, thereby sustaining global efforts to combat money laundering.
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