Arun Jaitley is due to arrive in Beijing today for a host of meetings to scout for investment. (File Photo)
Beijing:
As India and China tussle over the New Delhi's application to join the Nuclear Suppliers Group, a key financial dialogue between the two countries to be held in Beijing and attended by Finance Minister Arun Jaitley has been postponed to July.
Mr Jaitley is due to arrive in Beijing today on a five-day visit to take part in a host of events including the planned eighth India-China financial dialogue. But the dialogue meet stands postponed, Press Trust of India reported.
Officials explained that the meet was cancelled as Secretary in the Department of Economic Affairs Shaktikanta Das could not attend the meeting.
Mr Das was asked to stay back in Delhi in view of the voting on Brexit which is taking place today to decide whether Britain should stay in the European Union or not which will have implications for India, PTI reported.
Fresh dates for the financial dialogue at the level of secretaries in July are being worked out.
Till now the two countries held seven rounds of financial dialogues but all of them were headed by finance secretaries of both sides.
This was the first time it was elevated to level of Finance Ministers of both countries. The seventh dialogue was held in New Delhi in 2014.
It was officially announced earlier that the dialogue would be held between the two ministers on June 27.
The dialogue enables the two countries to annually review and discuss a wide gamut of international, bilateral issues for strengthening and deepening economic and financial cooperation between the two countries.
The deferring of the June 27 meeting comes in the backdrop of differences between India and China over New Delhi's admission into the Nuclear Suppliers Group (NSG) at the group's meeting in Seoul.
During his visit to China, which is the first after he took over as finance minister, Mr Jaitley is due to address meetings of bankers and business investors to scout for investments in India. He is also due to attend the Board of Governors meeting of the China-sponsored Asian Infrastructure Investment Bank (AIIB) in which India along with 56 countries are members.
Mr Jaitley is due to arrive in Beijing today on a five-day visit to take part in a host of events including the planned eighth India-China financial dialogue. But the dialogue meet stands postponed, Press Trust of India reported.
Officials explained that the meet was cancelled as Secretary in the Department of Economic Affairs Shaktikanta Das could not attend the meeting.
Mr Das was asked to stay back in Delhi in view of the voting on Brexit which is taking place today to decide whether Britain should stay in the European Union or not which will have implications for India, PTI reported.
Fresh dates for the financial dialogue at the level of secretaries in July are being worked out.
Till now the two countries held seven rounds of financial dialogues but all of them were headed by finance secretaries of both sides.
This was the first time it was elevated to level of Finance Ministers of both countries. The seventh dialogue was held in New Delhi in 2014.
It was officially announced earlier that the dialogue would be held between the two ministers on June 27.
The dialogue enables the two countries to annually review and discuss a wide gamut of international, bilateral issues for strengthening and deepening economic and financial cooperation between the two countries.
The deferring of the June 27 meeting comes in the backdrop of differences between India and China over New Delhi's admission into the Nuclear Suppliers Group (NSG) at the group's meeting in Seoul.
During his visit to China, which is the first after he took over as finance minister, Mr Jaitley is due to address meetings of bankers and business investors to scout for investments in India. He is also due to attend the Board of Governors meeting of the China-sponsored Asian Infrastructure Investment Bank (AIIB) in which India along with 56 countries are members.
Track Latest News Live on NDTV.com and get news updates from India and around the world
