Tax evasion and illicit flows have posed serious challenges to the world economy. Mukherjee may impress on G-20 member countries to start exchanging information automatically for tax purposes on a voluntary basis including exchange of past banking information.

G-20 Finance Ministers’ and Central Bank Governors’ Meeting is scheduled to be held there from October 14 to 15. According to sources, during one of his interventions, Mukherjee will take the opportunity and impress upon concerned countries especially the tax haven ones for uninterrupted flow of information relating to black money and terror financing. Among others, India is likely to moot discussions on the issue of global economy and framework for strong, sustainable and balanced growth, reforms of International Monetary System (IMS), financial regulations, development agenda, climate change and innovative financing and road to Cannes and Mexico. Also priorities for the G-20 in 2012 are to be discussed during the G-20 Finance Ministers’ and Central Bank Governors’ Meeting.

Mukherjee may also call for fine balance between short run and long run measures that restores market confidence. The World Bank’s report on “Rebalancing, growth and development: an inter-connected agenda” is also likely to be discussed during this conference.

He is likely to hold bilateral meetings with his counterparts from France, Australia and UK among others. The Indian Finance Minister will return to New Delhi October, 16.