Page-39 of November 2012 Current Affairs, GK & News

Sistema issue: India hopes agreeable solution

In reply to Russia’s comment to take the cancellation of 2G license of Sistema for international arbitration if it is not resolved in Indian courts, India has said that the matter is commercial and all parties are free to take legal recourse that they deem appropriate to meet their commercial goal. What is the matter ..

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India, U.K. amend convention on DTAA

India and the U.K. inked a protocol amending the 1993 bilateral convention on avoidance of double taxation and prevention of fiscal evasion related to taxes on income and capital gains. Main features of this protocol: Streamlining the partnership and taxation of dividends provisions in both the countries. Provide tax stability to the residents of the ..

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Australian schools to teach Hindi; Australia releases the Asian Century White Paper

Announcing that Asia’s rise is “unstoppable”, Australia brought out a challenging plan aimed at fortifying its links with India and other booming economies of the Asian region. The Australian plan includes teaching languages like Hindi and Mandarin in its schools. All Australian schools will engage with at least one school in Asia to support the ..

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CRR: 4.25%

The Reserve Bank of India (RBI) cut the Cash Reserve Ratio (CRR) by 25 basis points from 4.5 to 4.25 percent. Why this step? The reduction in the CRR is expected to infuse liquidity to the tune of around Rs. 17,500 crore into the banking system. By doing this RBI intends to preempt a prospective ..

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