India, Japan sign protocol to amend double taxation avoidance pact
India
and Japan have signed an agreement to amend the convention for double
taxation avoidance and prevention of evasion of income tax for effective
exchange of information in tax matters including bank accounts. The
existing convention was signed way back in 1989. The protocol provides
for internationally accepted standards for effective exchange of
information on tax matters including bank information and information
without domestic tax interest.
Pakistan’s Shaheen-III Ballistic Missile test fired successfully
Pakistan
has successfully test-fired nuclear-capable medium-range Shaheen-III
surface-to-surface ballistic missile which can carry nuclear warheads up
to 2,750 kms bringing many Indian cities within its range. The test
flight of the missile was aimed at validating various design and
technical parameters of the weapon system. The impact point of the
missile test was in the Arabian Sea, it successfully validated all
desired parameters. It is a land-based surface-to-surface medium range
ballistic missile. Shaheen-III was successfully test fired for the first
time by military service on 9 March 2015.
India slaps import duty on stainless steel
The
Government of India on December 11 imposed anti-dumping duty of up to
57.39 per cent on import of certain stainless steel products form China,
Korea, the US and EU for five years to save the domestic industry from
cheap shipments. The duty in the range of 5.39 to 57.39 per cent of the
landed value of ‘cold-rolled Flat’ products of stainless steel has
imposed on the recommendation of Directorate General of Anti-dumping and
Allied Duties (DGAD). The anti-dumping duty will be 57.39 per cent on
the imports from China, 5.39 to 13.44 per cent from South Korea, 15.93
per cent from Chinese Taipei, 9.47 per cent from the US, 29.47 to 52.56
per cent from the European Union, 4.58 -5.39 per cent from Thailand and
12.34 to 36.91 per cent from South Africa.
Naseeruddin Shah awarded lifetime achievement at 12th DIFF
Veteran
Bollywood actor Naseeruddin Shah was honoured with the lifetime
achievement award at the Dubai International Film Festival (DIFF). Along
with Naseeruddin Shah French actress Catherine Deneuve, Egyptian actor
Ezzat Al Alayli and French-Tunisian actor Sami Bouajila also won the
lifetime achievement award. The Dubai International Film Festival (DIFF)
is an annual film festival held in Dubai, United Arab Emirates. The
film festival was started in year 2004.
Indian cyclist became World No. 4 Cyclist
Indian
cyclist Deborah Herold on 11 December 2015 became the first Indian
female cyclist to be ranked fourth in the World Elite Women Ranking for
the 500m time trial event. The ranking was issued by cycling world body
International Cycling Union (UCI). India is the highest ranking Asian
country in 500m time trial. China fetched the 15th spot in the ranking.
Deborah is a tribal girl from Andaman and Nicobar Islands. In October
2015, Deborah became the first ever Indian to win five medals at the
Taiwan Cup Track International Classic, including a gold, three silver
and a bronze. In November 2014, the Indian cyclist had won four gold
medals at the Track Asia Cup Cycling Championship 2014.