G20 summit: A single nation spreading agents of terror in South Asia, PM Modi tells world leaders

Hangzhou (China): In remarks targetted at Pakistan, Prime Minister Narendra Modi on Monday said that "one single nation" was spreading "agents of terror" in South Asia.

"Terrorist is a terrorist. One single nation in South Asia is spreading agents of terror in our region," the Prime Minister was quoted as saying at the G20 Summit here, by External Affairs Ministry spokesperson Vikas Swarup.

"There are some nations that use it as an instrument of state policy. One single nation in South Asia is spreading agents of terror in our region," Modi said, without naming Pakistan.

India's ties with Pakistan have soured after Islamabad declared Jammu and Kashmir terrorist Burhan Wani, shot dead by security forces, as a "martyr".

"For us a terrorist is a terrorist," Modi said. He was speaking during his intervention at the last session of the G20.

The Prime Minister said "growing forces of violence and terror pose a fundamental challenge" and urged the international community to act in unity and respond against terrorism.

"India has a policy of zero tolerance to terrorism. Because anything less than that is not enough," he said.

In his meeting with President Xi, Modi expressed concern over terrorism emanating from Pakistan's restive regions of Giligit-Baltistan and Pakistani Kashmir where the China-Pakistan Economic Corridor is coming up.

In another tough message, PM Modi also asked G20 leaders to act to eliminate safe havens for economic offenders, unconditionally extradite money launderers and end excessive banking secrecy, asserting that fighting corruption and black money was central to effective financial governance

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

To achieve that, he said, "we need to act 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"

The prime minister said 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."

Modi also said India needs energy to support its development. A "balanced mix of nuclear, renewal energy and fossil fuels are at the core of our policy."

G20 member states represent 85 percent 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.

Updated Date: Sep 05, 2016 16:54 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See