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Major Countries Positions
G20 Pools Ideas in Toronto> Major Countries Positions
UPDATED: July 5, 2010
India
Bank tax not fitting for India
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Indian officials have expressed belief that more voices from emerging economies will be heard at the summit and differences will come up between emerging economies and developed countries concerning the policies needed to bring about a resumption of growth of the global economy.

India holds diverging views from those of the United States and the EU on the policies to be taken next in the perspective of global economic revival, the officials said.

Indian officials have also made it clear that India does not need to increase taxes on its banks because the financial institutions are an integral part of the economic growth and have been going on in good order since the financial crisis broke out.

(Xinhua News Agency June 24, 2010)

 



 
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