October 13, 2011 8:43 PM

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India to ask G20 countries for facilitating information on black money, terror financing

India will ask the G20 member countries to impress upon concerned nations, especially tax havens to facilitate uninterrupted exchange of information on black money and terror financing. The Union Finance Minister Pranab Mukherjee is expected to raise these issues at the two-day G-20 meeting of finance ministers and Central bank governors beginning in Paris tommorow. He will also impress upon G20 member countries to start exchanging information automatically for tax purposes on a voluntary basis including past banking information.

New Delhi will also pitch for ensuring strong and balanced economic growth across regions, reforms of the international Monetary System and call for short and long term economic measures to restore market confidence. Finance Minister Pranab Mukherjee will leave for Paris this evening to attend the G-20 ministerial which will prepare the groundwork for the G20 Summit meeting next month at Cannes in France. The G-20 group of nations including major economies and developing countries accounts for about 85 per cent of global economic output and two thirds of the world's population.

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