India, Bahrain to sign pact on tax info

Al Khalifa, accompanied by a large business delegation, will hold talks with Vice President Hamid Ansari during which the two sides will discuss ways to promote bilateral trade and investment. The Deputy Supreme Commander of the Armed Forces of Bahrain will also meet President Pratibha Patil, Prime Minister Manmohan Singh and External Affairs Minister S M Krishna.

Sources said the two countries are expected to sign an agreement on exchange of information on taxes, which assumes significance considering Indian government`s efforts to track blackmoney stashed abroad. An agreement in the field of IT and another in the field of culture are also expected to be signed. This is the second visit of the Crown Prince to India, the last one was in March 2007.