India, US to discuss surge in capital flows
India, US to discuss surge in capital flows
Finance Minister Pranab Mukherjee will hold meetings with several key American CEOs and officials on Monday.

New Delhi: India and the US will discuss issues like capital flows to developing nations, and financial sector reforms at the three-day meeting in Washington beginning on Monday.

Finance Minister Pranab Mukherjee, who will leave for the US on Monday morning, will hold meetings with several key American CEOs and officials, including Treasury Secretary Timothy Geithener.

Mukherjee will lead a delegation that includes RBI Governor D Subbarao, Sebi chairman U K Sinha, Economic Affairs Secretary R Gopalan, Chief Economic Advisor Kaushik Basu and several businessmen.

"Both the sides are also likely to discuss issues relating to financial sector reforms including financial regulatory reforms..., commodity pricing, financial markets and financial inclusion among others," the Finance Ministry said in a statement.

India and the US are also likely to deliberate on macro economic issues, including global rebalancing and G-20, implications of capital flows on advanced and emerging economies, currency market volatility and infrastructure

financing.

Mukherjee will deliver keynote address at the conference on 'US-India Economic and Financial Partnership' organised by Confederation of Indian Industry (CII) in collaboration with Brookings Institute of US.

He will also participate in a Cabinet level meeting of the India-US Financial and Economic Partnership. The first such meeting was held last year in New Delhi.

Mukherjee will also meet the US National Security Adviser, Tom Donilon.

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