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Text of the Joint Statement on Sixth Annual India-US Economic and Financial Partnership

News and Press Release - Dated:- 15-4-2016 - Press Information Bureau Government of India Ministry of Finance 15-April-2016 12:46 IST The Union Finance Minister Shri Arun Jaitley and U.S Treasury Secretary Mr Jacob J. Lew met for the Sixth Annual U.S.-India Economic and Financial Partnership (EFP) in Washington D.C. yesterday. Following the conclusion of the dialogue, Minister Shri Jaitley and Secretary Mr Lew released the following Joint Statement: We were pleased to participate in the sixth an .....

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last for the Obama Administration, we took stock of the impressive efforts that have been undertaken by both sides to deepen mutual understanding, and to improve cooperation across a wide range of bilateral and multilateral issues. We reiterated that the U.S.-India partnership will be one of the defining relationships of the 21st century. Contributing to our bilateral relationship, five work streams have been underway at the sub-cabinet level in India and the United States. Progress has been mad .....

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ment pursuant to Foreign Account Tax Compliance Act (FATCA). The two sides will continue to engage in discussions on full reciprocal arrangement on FATCA. We look forward to increased cooperation in sharing of cross-border tax-information. We are committed to continued collaboration and sharing of experience in tackling offshore tax evasion and avoidance, including joint tax audits and tax examination abroad. We look forward to the Competent Authorities of the two countries engaging in bilateral .....

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tives on the regulatory design for India s recently launched payment banks. Under the U.S.-India Investment Initiative launched in January 2015, our governments have worked in collaboration with private sector to identify specific policies, regulatory reforms, and technical collaboration aimed at mobilizing capital from both domestic and foreign investors to build infrastructure and create jobs. We are working together to support India s National Investment and Infrastructure Fund (NIIF) in orde .....

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