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    <title>Joint Press Statement by the Chancellor of the Exchequer of UK and the Finance Minister of India After the Fifth Round of UK-India Economic and Financial Dialogue.</title>
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    <description>Both governments commit to coordinated financial regulatory reform and fiscal consolidation, to strengthen IMF resources and implement quota and governance reforms, and to share technical expertise-including assistance to India&#039;s Financial Sector Legislative Reforms Commission. They prioritise mobilising institutional and foreign capital for infrastructure financing, developing Indian capital markets, resolving tax and subsidiarisation issues for foreign banks, endorsing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and lawful automatic exchange to combat tax evasion, and advancing open trade and SME finance through continued cooperation.</description>
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