Double taxation is levying of tax by two countries on the same declared income,  asset,  or financial transaction and is often eliminated by tax treaties between countries. The union cabinet approved signing an agreement for amending the double taxation avoidance convention with Japan that was first signed in 1989 to ...

CESC is a fully-integrated electrical utility company and has been generating and distributing power in Kolkata and Howrah. CESC Ltd entered into a pact with US-based Silver Spring for exploring business opportunities in the smart grid space. As part of its ongoing drive for modernising its transmission and distribution network, ...

Marking the first big FDI in the railway sector, the Indian Railways signed Rs 40,000-crore contracts with GE and Alstom to set up two locomotive plants in Bihar with a view to boosting manufacturing and employment in the state. Terming it as the “first major” manufacturing investment in Bihar, finance minister ...

India is soon going to become urea surplus nation and will start exporting as it plans to produce additional 20 million tonnes of the fertiliser this year, said Fertiliser Minister Ananth Kumar. The country consumes 31 million tonnes of urea annually, out of which 23 mt is produced and rest ...

Highways Authority of India (NHAI) has approved a pilot project submitted by city-based National Environmental Engineering Research Institute (NEERI) for undertaking scientific studies on designing green-belts along national highways. The pilot project will be implemented on a 5-km stretch on NH-7 between Jam and Hinganghat at an estimated cost of  ...

India and Japan today exchanged notes for Japan’s Official Development Loan Assistance (ODA) worth Rs 5,536 crore for Chennai and Ahmedabad metro rail projects, said officials from Finance Ministry. The estimated base cost of the Chennai Metro Rail project is about Rs 14,600 crore and Ahmedabad Metro Rail project is ...

Coast Guard’s vessel ICGS C422 has been equipped with modern navigation and communication system. The vessel has been commissioned to strengthen coastal security in the region. Source: EconomicTimes

The public sector shipyard Garden Reach Shipbuilders and Engineers (GRSE) has launched the second homegrown anti-submarine warfare (ASW) called ‘Kadmatt’ for the Indian Navy. The Kadmatt ASW is part of Indian Navy’s Project -28 which aims to modernize the navy by creating stealth corvettes to destroy enemy submarines. The ASW ...

Prime Minister Narendra Modi invited investors to participate in the proposed divestment of Navratna PSUs and sought the Singapore Government’s help in building at least 20 smart cities. PSUs are classified into three categories — Maharatna, Navratna and Miniratna — mainly based on financial criteria to give them greater operational ...

India has inked 11 advance pricing agreements with multinational companies from sectors such as IT and ITES, investment advisory and services sector. This relates to the pricing of assets, tangible and intangible, and funds that are transferred within an organisation in a cross- border transaction. An Advance Pricing Agreement, or ...