INDIA & WORLD
India-Malaysia Double Taxation Agreement in Force
On 2 February India and Malaysia signed on double-taxation avoidance agreement (DTAA). Dividends paid by Indian companies to Malaysian investors or entities will attract a lower withholding tax of 5 percent against 10 per cent earlier. The new agreement has also, in line with international practice, introduced a new article for taxing capital gains from alienation of property.
India Failed To Curb Sexual Violence Against Women
According to the Human Rights Watch (HRW) ‘ World Report 2013 ‘ India has been accused of failure to curb incidents of sexual violence against women and for restrictions on right to free speech, India “has a thriving civil society, free media, and an independent judiciary”, the city-based rights group said in its assessment of rights abuses in India.
Six Indian Institutes in Global 150 Top Think-Tanks
On 3 February Six Indian research institutes, including Centre for Civil Society (CCS), are among top 150 global think – tanks in the annual list released by the University of Pennsylvania for the year 2012.The list was topped by Brookings Institution (United States) followed by Chatham House (United Kingdom) and Carnegie Endowment for International Peace (United States).Other Indian think-tanks featured in the list are:- Institute for Defence Studies and Analysis , Indian Council for Research on International Economic Relations , The Energy and Resources Institute , Observer Research Foundation and Development Alternatives.
India and Austria Signed a Social Security Agreement
On 5 February India and Austria signed a social security agreement at Vienna, under which the Indian professionals working in Austria would be exempted from paying the social security contribution of the country, if such payments are already made in India. Overseas Indian Affairs Minister Vayalar Ravi and Austrian Minister for Labour and Social Security, Rudoulf Hundstorfer signed on the agreement.
India Pledges $100m For Mali Reconstruction
On 5 February India pledges $100m for Mali reconstruction .India has committed to giving $1 million for the upgrade of the Malian army with a pledge to ramp up contributions for reconstruction to $100 million after the situation stabilizes.
India and China Tourists Triple Australian Visits
According to the Australian Bureau of Statistics report , Chinese and Indian visitors, with tourist numbers from those countries tripled in the past decade.630,000 visits from Chinese tourists in 2012 compared with 190,000 in 2002. Indian visits went from 45,000 to 160,000 in the same period.Despite a high Australian dollar, Australia’s short-term visitor numbers were up by nearly five percent since 2011 with 6.1 million short trips made to Australia 270,000 more than in 2011.
Special Purpose Vehicle Formed for TAPI Pipeline Project
On 7 February The Union Cabinet gave its approval for formation of the Special Purpose Vehicle (SPV) for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project and to permit GAIL India Ltd. to join the SPV. The four countries involved in the TAPI Gas pipeline project, signed an Inter-Governmental Agreement along with a Gas Pipeline Framework Agreement (GPFA).Turkmenistan and Pakistan agreed to the formation of TAPl Ltd. The 1,680 km pipeline will carry 90 million metric standard cubic metres a day (mmscmd) of gas, and is scheduled to become operational in 2018.
India and Japan to Strengthen Cooperation in Tourism Sector
India and Japan have resolved to strengthen cooperation in tourism sector. This was decided at a meeting between the visiting Japanese Senior Vice-Minister of Tourism, Mr. Hiroshi Kajiyama and Union Tourism Minister Shri K Chiranjeevi in New Delhi on 12 February 2013.
India and France Signed 22 Agreements
On 14 February France and India have signed on 22 agreements after French President Francois Hollande’s meetings with the Indian president and the prime minister in New Delhi.Both nations exchanged views on a number of bi-lateral, regional and multilateral issues and signed a Memorandum of Understanding (MoU) in order to facilitate technical cooperation in Railways to each other.Chairman, Railway Board, India and Chairman and CEO SNCF from the French side signed this MoU.Both the nations also concluded negotiations on the short range surface to Air missile to be co-produced in India. They also agreed on the need to reinvigorate economic engagement between the two countries.
India and Bangladesh Signed Land Boundary Agreement
On 16 February India and Bangladesh held the second Joint Consultative Commission meeting in Dhaka .After the meeting , both countries exchanged one strip map as part of the process of the implementation of the agreement signed to resolve land boundary issues between them.In addition, two MOUs were also signed for the construction of a rail link to connect Akhaura in Bangladesh to Agartala in India and for setting up a thinktank to be called Bangladesh-India Foundation.The India-Bangladesh Joint Consultative Commission is an interministerial body of the two countries headed by the Minister of External Affairs of India and Foreign Minister of Bangladesh.
CBI probe Ordered into Rs 3700 crore Italian Chopper Deal Scam
In February 2010, India had inked the deal with Italain Finmeccanica to acquire the 12 three-engine AW-101 helicopters from AgustaWestland for IAF’s elite Communication Squadron ,which ferries around the President, PM and other VVIPs.The deal came under the scanner of Italian agencies after allegations of kickback given in India surfaced.The agencies arrested Giuseppe Orsi, the head of Italian defence and aerospace giant Finmeccanica as part of their probe related to international corruption.Around 50 million euros , about 10 per cent of the deal, were alleged to have been given as bribes to ensure that the company won the contract.On February The Defence Ministry has ordered CBI probe into alleged scam in a Rs 3600 crore defence helicopter deal after arrest of head of Italian firm Finmeccanica on charges of bribery.
India and Britain Discussed on Nuclear Cooperation
“On 19 February Indian Prime Minister Manmohan Singh and Britain Prime Minister David Cameron discussed on regional and global issues ,which included key issues of nuclear energy cooperation, security, terrorism and trade .The two sides have also decided to commence negotiations on a bilateral Civil Nuclear Agreement.Britain has assured that it will extend all cooperation to any Indian probe into the multi-million-dollar helicopter scam which involves Italian defense giant Finmeccanica’s UK-based subsidiary AgustaWestland.David Cameron announced that his country is going to introduce sameday visa service for Indian businessmen in a bid to accelerate the bilateral trade between the two sides.”
India won Kishanganga Case Against Pakistan
On 18 February the Court of Arbitration at the Hague allowed India to go ahead with the Construction of the Kishanganga hydroelectric project in Gurez valley near Bandipura in North Kashmir, the court rejected the plea of Pakistan that the construction was a violation of 1960 Indus Water Treaty.The Court of Arbitration, chaired by Stephen M. Schwebel in its orders stated that India can move ahead with the diversion of water plans of Kishanganga that is a tributary of Jhelum, for generation of hydro-electric power. But it restrained India from adoption of the drawdown technique of flushing for clearing the sedimentation of the run-of-the river project that had been designed and asked it to adopt a different technique for generation of 330 MW power facilities.