India to attend OECD meet in Paris tomorrow

India will take part in a special meeting of the Organisation for Economic Co-operation and Development or OECD in Paris tomorrow to firm up cooperation between countries in the wake of the 'Panama Papers' leak. 

Finance Ministry officials said in New Delhi yesterday that India is looking forward to the meet as the country adheres to a number of OECD mandated norms aimed at strengthening overseas tax cooperation and exchange of



information. They also said that India also follows fiscal guidelines endorsed by the OECD. 

The government had set up a Multi-Agency Group to investigate the Indian names and entities holding offshore assets in the tax haven as reported in the leaks . The officials said that a preliminary report has been sought by this week from the Finance Ministry, which is expected to be forwarded to the Prime Minister's Office.