FDI mode for converting black money to white: Ramdev

July 06, 2012 19:35

Terming FDI (foreign direct investment) as a mode for converting black money to white money, Yoga guru Swami Ramdev today wanted the government to frame a transparent and effective policy to check this.

"FDI is the key to black money...a lot of black has come to the country in the form of FDI...in case the names of those brining it are known, almost 80 to 90 per cent sources of black money would be known", Ramdev told news persons here.

"In the form of FDI, black money has come back into the country as white money and the government should frame a transparent and effective policy to check this", Ramdev said.

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