Black money hurts economy: Advani at UN

Wednesday Oct 10, 2012

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United Nations, Oct 10 — Noting that black money debilitates the economy limiting growth and investment in productive sectors, India has called for a war on corruption and transparency and accountability in governments.

"While this problem afflicts both developing and developed world, its consequences are more severely felt in the developing countries where it undermines the delivery of services and impact the people directly," Bharatiya Janata Party leader Lal Krishna Advani told a UN panel Tuesday, reading out a prepared official speech as an Indian delegate.

Opposition leaders are often asked by the government of the day to lead Indian delegations to various UN forums and read out texts prepared by the foreign ministry.

Read more: http://india.nydailynews.com/politicsarticle/06df63036afe7582f8b64cae4fa5f238/black-money-hurts-economy-advani-at-un#ixzz29CdSBl8D