Press Information Bureau

Government of India

Ministry of Finance

22-November-2012 19:12 IST

The third India-US Economic and Financial Partnership meeting was held in New Delhi on October 9, 2012 where after both sides agreed to deepen their cooperation bilaterally and in multilateral fora, including the G-20 to contribute towards steering the global economy out of uncertainties and achieve strong, sustainable, and balanced growth going forward. The Group of Twenty (G-20) is the premier forum for international economic cooperation, of which both the USA and India are members, and whose leaders are committed to protect their public finances and the global financial system from the risks posed by tax havens and non-cooperative jurisdictions.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Rajya Sabha today.

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International economic cooperation to counter tax havens and protect public finances, strengthening India-US coordination in multilateral fora. India and the United States agreed to deepen bilateral and multilateral economic and financial cooperation, including through the G-20, to promote strong, sustainable, and balanced growth and to protect public finances and the global financial system by addressing risks posed by tax havens and non-cooperative jurisdictions.