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Liputan6.com, Toronto: banking transaction tax proposal firmly rejected India in meeting the G20 member countries. The rejection was conveyed Prime Minister of India Manmohan Singh, on Friday (25 / 6), in Toronto, Canada. "You can not impose any tax for everyone to help the country out of the wave of the current crisis," said Singh.

Indian Finance Minister P. Chidambaram to support Prime Minister Singh. He said that India understands the financial policies of each country is different, but India has not reached the stage of consolidation.

The issue of banking tax proposals coming from European countries, especially England. The proposal comes ahead of preparation for the G20 meeting in Busan, South Korea, beginning in June last. (Www.hindustantimes.com)