G20 ministerial talks to focus on tax evasion,currency volatility

The ministerial talks are also likely to flag off concerns on corporate tax evasion and measures to tackle it. The Organisation for Economic Cooperation and Development OECD is also expected to present an action plan on this issue.

Significantly,India and South Korea are also scheduled to hold bilateral talks on the sidelines of the G-20 ministerial meeting. The Indian and the South Korean finance minister will participate in the talks, the source said.

Apart from Chidambaram,senior finance ministry officials along with RBI Governor D Subbarao and Deputy Governor Urjit Patel will also attend the talks that would be followed by the G20 Summit to be held at St Petersburg on September 5 and 6.

Additionally,issues on long term financing of infrastructure as well as sustainable technologies are also likely to be discussed. The finance ministers of BRICS member countries are also scheduled to meet on the sidelines of the G20 ministerial meeting as a follow up of the Durban Summit earlier in March.