Ahead of the G20 Summit in Brisbane, Prime Minister Narendra Modi attended the meeting of BRICS nation and said the key priority of his government is the "repatriation of unaccounted money kept abroad,” on Saturday.
Being called for a close coordination of unaccounted money kept abroad, Modi said, "Unaccounted money abroad is also linked to security challenges.”
Modi has mentioned that during his Australian visit, he will emphasize on the black money probe, ahead of his 10-day nation tour. Modi arrived in Australia on Friday, where he is likely to meet many world leaders and hold talks with Australian Prime Minister Tony Abbot.
Talks to boost trade, private sector investment, energy and security partnership will top the agenda of G20 Summit that is being held today and tomorrow.
Meanwhile, at the G20 summit, PM Modi said reform must be people-centric and people-driven. On the micro blogging site, MEA spokesperson Syed Akbaruddin tweeted quoting PM Modi, “Reform has to be driven by the people…cannot be by stealth”. Adding, Reform is bound to face resistance…must be insulated from political pressures.”
Modi said that reformation is a continuous multi-stage process, which must be institutionalised. Modi said that reforms should lead to simplification of processes and processes of governance must be reformed.
Modi emphasised on reforms, which he said, must be technology driven. He also said that it should have scale and address root causes.
After he spoke in the summit, Modi met French President Francois Hollande and said they are looking ahead to strengthen the bilateral economic cooperation.
However, India had signed bilateral civil nuclear cooperation agreement with Australia in September, which is a key in operationalising the uranium supply deal, a pact on the administrative arrangements. As per reports, it is not likely to be signed during Modi’s visit.
However, apart from the nuclear deal, Modi is expected to sign in some other agreements that include transfer of sentenced prisoners, a pact on combating narcotics, a social security agreement and MoUs on tourism and cultural cooperation.
Modi is also scheduled to have a roundtable conference with top Australian business leaders, including BHP Billiton CEO Andrew Mackenzie and HSBC Bank Australia CEO Tony Cripps, in Melbourne.
The conference is likely to open up for discussions regarding business matters and future plans. Amid, after the meeting, Modi is scheduled to address about 500 Australian Indian businessmen in a community event at Sydney, where he will deliver a speech.
Amid, Modi is scheduled to attend a reception hosted by Abbot at the iconic 161-year-old Melbourne Cricket Ground (MCG). Since 1986, Modi is the first PM to visit Australia and will become the first Indian PM to address Australian Parliament.