Financial dialogue :India-China deferred till next month

Beijing, June 23: The India-China financial dialogue due to be held in Beijing between Union Finance Minister Arun Jaitley and his Chinese counterpart Lou Jiwei next week has been deferred till next month.

The meet has been deferred as Department of Economic Affairs Secretary Shaktikanta Das could not attend the meeting.

Jaitley will today embark on a five-day visit to China, where he will attend the first annual meeting of the board of governors of the 100-billion US dollar Asian Infrastructure Investment Bank.

Seven rounds of financial dialogues have been held between the two nations but all of them were headed by Finance Secretaries of both sides.

The financial dialogue enables the two neighbouring nations to make an annual review and discuss a wide range of international, bilateral issues for strengthening and deepening economic and financial cooperation between the two countries.

The idea of having a financial dialogue was conceptualised in 2003 and the framework was formalised through an MoU signed in April 2005.