India has slowly opened up its market for global goods and its trade to GDP ratio has also increased from a mere 15% to a whopping 35% but however, World Trade Organization’s rigid custom rules make it difficult for developing nations including India to have a steady trade flow. So, ...
Read More »Government approves double taxation avoidance pact with Japan
Double taxation is levying of tax by two countries on the same declared income, asset, or financial transaction and is often eliminated by tax treaties between countries. The union cabinet approved signing an agreement for amending the double taxation avoidance convention with Japan that was first signed in 1989 to ...
Read More »Japan to provide loan worth Rs 5,536 cr for metro projects
Indian and Japan today exchanged notes for the approval of Official Development Loan Assistance (ODA) worth Rs 5,536 crore for Chennai and Ahmedabad rail metro projects. The Japanese government of Japan has committed Official Development Assistance (ODA) loan of an amount of about Rs 1,080 crore for the Chennai Metro Rail ...
Read More »India Plans Long-Term Gas Import at Cheaper Price
The central government is planning to approach global markets directly for long term gas supply pacts keeping in view of low prices of the fuel. GoI is planning to get gas for perhaps 5 to 7 years at a much cheaper price. The centre already has an effective scheme called ...
Read More »India, China agree to share intelligence on terrorists
China and India agreed to actively exchange intelligence on terror groups and their activities through a dedicated communication channel, said in a joint statement issued after talks between Home Minister Rajnath Singh and top Chinese leaders. China and India also agreed to coordinate positions on anti-terrorism endeavours at regional and multilateral ...
Read More »Modi visit: ‘Big ambitions’ for UK-India relationship
PM Narendra Modi, who is visiting UK for three days, said India’s relationship with the UK is of “immense importance”. “Not simply to celebrate the immense economic ties, with India a top investor into Britain and Britain a top investor into India, but actually building a thoroughly modern partnership between ...
Read More »India leads global consumer confidence index: Nielson
he Nielsen consumer confidence index among 61 countries measures perceptions of local job prospects, personal finances and immediate spending intentions. Nielsen, a global information and insights provider, in its latest report said in the third quarter of this year, India continues to lead the global consumer confidence index followed closely by the ...
Read More »India, Indonesia sign two MoUs on energy, culture; to expand defence cooperation
Indonesia is the largest ASEAN member and India looks forward to its continued support as we move to increase our engagement with ASEAN member states as part of our Act East policy. India and Indonesia on Monday signed agreements in the fields of renewable energy and culture and discussed possibilities ...
Read More »India rises to be world’s 7th most valued ‘nation brand’
India has been placed as the globe’s seventh most valued ‘nation brand’ in 2015, moving up one notch from eighth position in 2014. Among BRICS nations, India is the only country to have witnessed in its brand value. The nation brand valuation is based on 5-year sales forecasts of all ...
Read More »India and Bangladesh to sign agreement for power supply
India will sign an agreement with Bangladesh for selling 100 MW power from Tripura’s Palatana power project in Gomati district, a Tripura minister said. The 100 MW power will be in addition to the 500 MW Bangladesh already receives from the West Bengal and a like amount that is on ...
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