March 2017 Current Affairs
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January 2017 Current Affairs
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November 2016 Current Affairs
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India, US to collaborate on tackling offshore tax evasion

India, US to collaborate on tackling offshore tax evasion
15 April 2016 Current Affairs: India and United States (US) have agreed to enhance collaboration on tackling offshore tax evasion and increase co-operation in sharing of cross-border tax information. Decision in this regard was taken at the 6th US-India Economic and Financial Partnership meeting held in Washington on the sidelines of the annual Spring Meeting of the IMF and the World Bank. It was co-chaired by the Union Finance Minister Arun Jaitley and US Treasury Secretary Jacob and a joint statement was issued.

Features of Mou : Both countries agreed to look forward to the Competent Authorities each other engaged in bilateral dialogue to move forward cooperation in the areas of cross-border taxation. They looked into the progress in sharing of financial information between them under the Inter-Governmental Agreement pursuant to Foreign Account Tax Compliance Act (FATCA). Acknowledged enhanced co-operation in tackling money laundering and combating financing of terrorism through increased information sharing and cooperation. Agreed upon the importance of fighting illicit finance in all forms as an important means of tackling global terrorism. US will support India’s endeavour to find ways to fund its massive drive for building modern infrastructure and to create more jobs. India has expressed concern over the hike in visa fee by the US, saying it is discriminatory and largely affects Indian IT professionals.

 


March 2017 Current affairs
22 MAR
NEWS
21 MAR
NEWS
20 MAR
NEWS
18 MAR
NEWS
17 MAR
NEWS
16 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
NEWS
23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
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