Cabinet clears tax treaty
with Saudi Arabia
New Delhi: The union cabinet has cleared the signing
of a convention with Saudi Arabia for avoidance of double
taxation and prevention of tax evasion with respect to
taxes on income.
The
parliamentary affairs minister, Priyaranjan Dasmunshi,
said that the convention, after it enters into force,
would stimulate the flow of investment, technology and
services from India to Saudi Arabia and vice-versa. He
said that this convention would also provide tax stability
to the residents of India and Saudi Arabia and facilitate
mutual economic cooperation.
The
Union cabinet also gave its approval for signing an agreement
and protocol between India and Croatia for avoidance of
double taxation and prevention of fiscal evasion with
respect to taxes on income.
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Govt.
to inspect Clemenceau and submit report to SC
New Delhi: The Government will inspect ex-French
naval ship Clemenceau for the presence of any toxic matter
and submit a report to the Supreme Court, the environment
minister, A. Raja, said here. The arrival of the ship
on the country's shore has raised widespread concerns
related to environmental safety.
Raja
added that the matter would, however, be decided by the
Supreme Court and the government would abide by it. The
government is also considering making safety norms for
workers engaged in the asbestos-related industry stricter,
he said.
The
ship had left France in December for a ship-breaking yard
in Gujarat amidst protests from the environmental group
Greenpeace, which says it contains tonnes of toxic waste
that could harm scrap workers.
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AIR
acquires broadcasting rights for Indo-Pak series
New
Delhi: The broadcast rights issue, with respect to
the ongoing India-Pakistan series, took another turn -
for the better - with the national broadcaster, Prasar
Bharati, finally acquiring the radio rights from Dubai-based
ARY Digital.
All
India Radio (AIR) will now broadcast live commentary of
the remaining two test matches and the five one-day international
(ODIs) that will follow. The commentary will be available
on AIR FM Gold channels in Delhi, Mumbai, Kolkata and
Chennai, and 65 other medium wave stations spread across
the country.
The
exact fee to be paid by the broadcaster to ARY Digital
was not available.
Meanwhile,
the Government has said that it had taken a "serious
note" of the sports broadcasters' unwillingness to
part with the telecast rights with Doordarshan, despite
the mandatory sharing clause. The information and broadcasting
minister, P.R Dasmunshi, said that appropriate action
would be taken.
The
matter is currently in the Supreme Court.
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