Extending full support to the automatic exchange of tax and banking information, India has said, it will help in unearthing black money stashed abroad and bringing it back. Intervening at the meeting of G20 Finance Ministers in Cairns (Australia), Minister of State for Finance Nirmala Sitharaman said 46 countries, including India, have agreed for a common time to exchange information automatically by 2017. She said that the new framework would mark a significant forward movement from the current practice of information exchange mostly on the basis of requests and only in the cases of suspected tax evasion or other financial crimes. Nirmala Sitharaman said, it will be the key to prevent international tax evasion and avoidance and will be instrumental in getting information about unaccounted money stashed abroad and ultimately bringing it back. India has been at the forefront in raising the issues concerning tax avoidance and automatic exchange of information with a view to curbing tax evasion.