INDIA & WORLD
PM Narendra Modi, Sri Lankan President Released Simhastha Declaration
The Prime Minister along with Sri Lankan President Maithripala Sirisena on 14 May released ‘Simhastha Declaration’ at Ninora village in Ujjain.Both leaders addressed the concluding session of the three day International Vichar Mahakumbh held on side-lines of the month-long Simhastha mela. 51 sacred points have been included in this declaration for betterment of mankind and these elixir points for India and the world.
India, WHO Signed Pact To Promote Yoga, Ayurveda
The Union Ministry of AYUSH and the World Health Organization (WHO) on 13 May 2016 signed the Project Collaboration Agreement (PCA) for cooperation on Global promotion of Traditional Systems of Medicine. The agreement was signed by Ajit M Sharan, Secretary of Union Ministry of AYUSH and, Dr Marie Kieny, Assistant Director General of Health Systems and Innovations at WHO in Geneva.
India Third In Attractiveness Index of Renewable Energy
India’s renewable energy sector has been ranked third in the Renewable Energy Country Attractiveness Index (RECAI) with China at second and the US on top. Global organization EY on 10 May 2016 released the Renewable energy country attractiveness index 2016. The report reveals 40 countries on the attractiveness of their renewable energy investment and deployment opportunities based on a number of indicators.
India and Mauritius Signed Protocol To Amend Taxation Methods
India and Mauritius on 10 May signed a protocol on taxation at Port Louis, Mauritius. The protocol provides for amending the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains. With this Protocol, India gets taxation rights on capital gains. They arise from alienation of shares acquired on or after 1 April 2017 in a company resident in India with effect from financial year 2017-18. Taxation in India at full domestic tax rate will take place from financial year 2019-20 onwards. The benefit of 50% reduction in tax rate during the transition period from 1 April 2017 to 31 March 2019 shall be subject to LOB Article. Interest arisi-ng in India to Mauritian resident banks will be subject to withholding tax in India at the rate of 7.5 percent in respect of debt claims or loans made after 31 March 2017.
175 Nations Signed Historic Paris Climate Agreement
World leaders from 175 countries signed the historic Paris climate Agreement at United Nations Headquarters in New York along marking a significant step to combat global warming. On behalf of India, Union Environment Minister Prakash Javadekar signed the agreement at a high-level ceremony hosted by UN Secretary-General Ban Ki-moon on the occasion of Earth Day (22 April). The ceremony was attended by heads of governments, foreign ministers, corporate leaders and artists from across the world. The agreement will come into force 30 days after at least 55 Parties to the UNFCCC, accounting for at least 55 percent of global emissions ratify the agreement.