Economy

Pranab to attend G-20 Finance Ministers meet at Paris

Our Bureau New Delhi | Updated on February 16, 2011 Published on February 16, 2011




The Finance Minister, Mr Pranab Mukherjee, will leave New Delhi on Thursday to attend the G-20 Finance Ministers' and central bank governors' meet in Paris on February 18-19.

The Reserve Bank of India (RBI) Governor, Dr D. Subbarao, will also attend the meeting.

Senior Finance Ministry officials including Mr R Gopalan, Secretary in Department of Economic Affairs, will accompany the Finance Minister.

During his stay in Paris, Mr Mukherjee will also hold his first meeting with his French counterpart, Ms Christine Lagarde. The two leaders are expected to discuss both bilateral and multilateral issues of mutual interest including revenue-related matters.

The G-20 Finance Ministers meeting will be preceded by G-20 deputies meeting on February 17-18.

Besides discussion on global economy and framework for strong, sustainable and balanced growth, the G-20 Finance ministers are expected to discuss commodities price volatility, financial regulations and reform of international monetary system.

Tax matters

On tax matters, the need to consider classifying certain jurisdictions as non-cooperative jurisdictions may also be discussed. Some countries are still not responding to the call of other countries to enter into tax information exchange agreements and continue to insist on entering into DTAA instead.

India is now looking to come out with toolbox of countermeasures against non-cooperative jurisdictions.

On Friday, Mr Mukherjee will also attend BRIC Finance Ministers' meeting. The meeting will focus on G-20 framework and mutual assessment, reform of the international monetary system, preparation for BRIC summit (Beijing) and BRIC economic cooperation besides BRIC joint study.

> krsrivats@thehindu.co.in

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Published on February 16, 2011
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