India’s Prime Minister says ‘good work’ by state officials to combat black money
The government of Prime Minister Narendra Modi on Friday said it had created a dedicated fund to tackle black money and corruption and would help state governments tackle it.
Modi made the remarks after addressing a gathering of senior officials in Delhi to mark the completion of the new fiscal year.
The Finance Ministry said the fund would be managed by the Ministry of Corporate Affairs and the National Capital Corporation (NCC).
“We are working to create a fund to help state government take the fight against black money seriously,” said a statement from Modi’s office.
“We will work with the NCC and state governments to provide support and help them in fighting black money.”
The government will soon launch an online platform, called the Integrated Data and Tracking System (IDSTS), that will help government officials track all financial transactions.