India's Modi vows to bring back 'black money'


  • World
  • Sunday, 02 Nov 2014

India's Prime Minister Narendra Modi speaks at Madison Square Garden in New York, during his visit to the United States, September 28, 2014. REUTERS/Lucas Jackson

NEW DELHI (Reuters) - India's Prime Minister Narendra Modi said on Sunday he was committed to bring back funds illegally deposited in banks outside the country to avoid tax, widely referred to as "black money".

In his second radio address to the nation since coming to power in May, Modi said the money stashed abroad illegally belonged to the poor of the country.

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