Page-3 of World economy Current Affairs, GK & News

India and China sign protocol to Double Taxation Avoidance Agreement to prevent tax evasion

India and China have signed protocol to amend Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on income by allowing exchange of information. Under Section 90 of Income-tax Act, 1961, India can enter into agreement with foreign country or specified territory for ..



Invest India wins 2018 UN Award for excellence in promoting investments in sustainable development

India’s investment promotion body, Invest India has won the 2018 UN Award for excellence in promoting investments in sustainable development at the World Investment Forum, Geneva. The awards were organised by the United Nations Conference on Trade and Development (UNCTAD). The other winners of the award were Bahrain Economic Development Board (BEDB) and the Lesotho ..


According to RBI’s annual data, Mauritius tops India’s FDI chart in FY18

According to Reserve Bank of India (RBI)’s annual data, Mauritius accounted for the largest source of Foreign Direct Investment (FDI) into India in the financial year FY18 followed by Singapore. The data shows that the total India’s FDI stood at $37.36 billion in the FY18, which is a marginal rise over the $36.31 billion recorded ..


India signs $300 million agreement with World Bank for Energy Efficiency Scale-Up Program

The Government of India (GoI) and the World Bank signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program. The program will be implemented by the Energy Efficiency Services Limited (EESL). It will help scale-up the deployment of energy saving measures in residential and public sectors. ..



Baba Kalyani to head group to study Special Economic Zones (SEZ) Policy of India

The Union Government has constituted a group of eminent persons to study the Special Economic Zones (SEZ) Policy of India. The group will be headed by Industrialist Baba Kalyani. The group will evaluate the SEZ policy, suggest measures to cater to the needs of exporters in the present economic scenario and make the SEZ policy ..