360° Coverage : India, US to target terrorist financing, money laundering

1 Updates
India, US to target terrorist financing, money laundering
Photo Credit: , Getty Images

India, US to target terrorist financing, money laundering

Oct 13 2013, 1:42pm CDT | by IANS

Washington, Oct 13 (IANS) Focusing on terrorism financing and money laundering, India and the US have agreed to expand cooperation in targeting the financial networks of terrorist organisations, including Pakistan based Lashkar-e-Taeba (LeT).

Washington, Oct 13 — Focusing on terrorism financing and money laundering, India and the US have agreed to expand cooperation in targeting the financial networks of terrorist organisations,...

Filed under: news

YouTube Videos

 
 
 

44 weeks ago

India, US to target terrorist financing, money laundering

Oct 13 2013, 1:42pm CDT | by IANS

Washington, Oct 13 (IANS) Focusing on terrorism financing and money laundering, India and the US have agreed to expand cooperation in targeting the financial networks of terrorist organisations, including Pakistan based Lashkar-e-Taeba (LeT).

Washington, Oct 13 — Focusing on terrorism financing and money laundering, India and the US have agreed to expand cooperation in targeting the financial networks of terrorist organisations, including Pakistan based Lashkar-e-Taeba (LeT).

Besides LeT, held responsible for the November 2008 Mumbai terrorist attacks, also targeted will be its religious front Jamaat-ud Dawa (JuD) headed by Mumbai attack mastermind Hafez Saeed, and the Haqqani Network, which is blamed for the 2008 Indian embassy bombing in Kabul.

The agreement to target terrorism financing was reached at the fourth annual meeting of the US-India Economic and Financial Partnership here Sunday, co-chaired by Indian Finance Minister P. Chidambaram and US Treasury Secretary Jacob Lew.

They also agreed to enhance cooperation between the agencies of the two countries in fighting against counterfeiting currency and illicit financial flows, Arvind Mayaram, secretary, department of economic affairs, said in press statement.

The two sides also agreed to increase engagement by experts from both governments to make "expeditious progress to address all trade and investment policy issues of bilateral concern so as to remove obstacles and improve the business environment in both countries," he said.

Chidambaram and Lew agreed to deepen India-US cooperation bilaterally and in multilateral fora, including the G-20, to achieve reforms for stronger, more sustainable and more balanced growth, Mayaram said.

"They also reaffirmed the importance of enhancing the credibility, legitimacy and effectiveness of the International Monetary Fund and the urgent need to ratify the 2010 IMF Quota and Governance Reform," he said.

They also agreed to continue working towards a greater understanding of all investment related issues including taxation and IT enabled services, an equitable and principled resolution of ongoing tax disputes, and strengthened bilateral ties in this regard.

The two leaders agreed to continue to cooperate on deepening capital markets and strengthening financial regulation, Mayaram said.

The meeting was also attended by Reserve Bank of India Governor Raghuram Rajan, Secretary-Financial Services Rajiv Takru, Indian Ambassador Nirupama Rao and Securities Exchange Board of India Chairman U.K. Sinha.

On the US side, Chairman of US Federal Reserve Ben Bernanke and US Treasury Under Secretary Lael Brainard joined the discussions.

Discussing recent economic and financial developments in the two economies, Chidambaram and Lew agreed that sound macroeconomic policies, structural reforms, and strong prudential frameworks will help them increase resiliency to financial market volatility and boost economic growth, Mayaram said.

The leaders discussed the importance of investment for driving economic growth and job creation in the two economies and ways to improve the enabling environments to mobilise investment, especially for the financing of infrastructure.

The next meeting of the Partnership will be held in New Delhi in 2014.

Chidambaram leaves later Sunday for San Francisco where he would interact with the investors and highlight India as a highly attractive destination for investment. He would return home Oct 16.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Israel killed three senior commanders: Hamas military wing
Gaza, Aug 21 (IANS) The al-Qassam Brigades, the military wing of the Islamist Hamas movement, Thursday said that Israel has killed three of its senior commanders in the Gaza Strip.
 
 
India charges Nepal lowest interest rate
Kathmandu, Aug 21 (IANS) Compared to other South Asian countries, India charges Nepal the lowest interest rate for the lines of credit (LOCs) it offers, a diplomat here said.
 
 
Unesco condemns American journalist's killing
Paris, Aug 21 (IANS) Unesco director general Irina Bokova Thursday condemned the beheading of US journalist James Foley by extremist Islamist militants in Iraq, calling it a "heinous killing".
 
 
Lizard tails may help humans get new limbs
New York, Aug 21 (IANS) Lizard tails have fascinated humans from ancient times, falling off and growing back just like new. Now, scientists have solved the mystery of how lizards can regenerate their tails.
 
 
 

Latest from the Network

Want chairs made of cocoa?
London, Aug 21 (IANS) Want to buy an eco-friendly chair, a synthetic rug or a plastic bag that is made out of cocoa, rice and vegetable waste? These will soon be in a store near you. The Italian scientists have found...
Read more on Apple Balla
 
Real Madrid aim for big-six season
Madrid, Aug 21 (IANS) If pre-season results were anything to look on then Real Madrid coach Carlo Ancelotti would be feeling hot under the collar and looking anxiously over his shoulder following four defeats, one win...
Read more on Sport Balla
 
Israel killed three senior commanders: Hamas military wing
Gaza, Aug 21 (IANS) The al-Qassam Brigades, the military wing of the Islamist Hamas movement, Thursday said that Israel has killed three of its senior commanders in the Gaza Strip. It said the three commanders were...
Read more on Politics Balla
 
Ebola toll rises to 1,350: WHO
Geneva, Aug 21 (IANS/EFE) The death toll due to the Ebola virus continues to rise in West Africa and currently stands at 1,350, the World Health Organisation (WHO) said. Of that number, 576 have died in Liberia where...
Read more on Business Balla
 
India charges Nepal lowest interest rate
Kathmandu, Aug 21 (IANS) Compared to other South Asian countries, India charges Nepal the lowest interest rate for the lines of credit (LOCs) it offers, a diplomat here said. "This shows India's close affinity to...
Read more on Politics Balla
 
An abusive boss can make entire team hostile
New York, Aug 21 (IANS) Is your boss abusive and does not pay much heed to even positive suggestions made by the team? Such superiors can actually throw the entire work team into conflict, hurting productivity, reveals...
Read more on Apple Balla
 
Paltrow okay with Martin's relationship with Lawrence
Los Angeles, Aug 21 (IANS) Actress Gwyneth Paltrow reportedly approves of estranged husband Chris Martin's romance with Jennifer Lawrence. The "Iron Man 3" star, who recently started dating "Glee" co-creator Brad...
Read more on Celebrity Balla
 
Bradley Cooper reveals his love of Oasis
Hollywood superstar Bradley Cooper is a big fan of Oasis. Bradley, 39, has revealed his love of the group - who officially split in 2009 after a string of high-profile disagreements between Noel and Liam Gallagher - was...
Read more on Movie Balla
 
Dan Stevens gets in shape for The Guest
Dan Stevens has got himself in shape to play a former American soldier in 'The Guest'. The 31-year-old actor is almost physically unrecognisable from the character of Matthew Crawley, who he played in the popular...
Read more on Movie Balla
 
Unesco condemns American journalist's killing
Paris, Aug 21 (IANS) Unesco director general Irina Bokova Thursday condemned the beheading of US journalist James Foley by extremist Islamist militants in Iraq, calling it a "heinous killing". "I condemn the murder of...
Read more on Politics Balla