India has notified a tax information exchange agreement (TIEA) with the Marshall Islands. The TIEA is based on international standards of tax transparency and exchange of information and enables the sharing of information on request. The agreement enables exchange of information,including banking and ownership information between the two countries for tax purposes. The agreement also… Continue reading India notifies tax info exchange pact with Marshall Islands
Author: ForumIAS
NPP first from N-E to get national party status
The Election Commission of India(ECI) has recognized National People’s Party(NPP) as the eighth national party.NPP became the first regional party of the north-east to be accorded the status. NPP was given the national party status for fulfilling conditions such as polling more than 6% of the total votes in the last general election and being… Continue reading NPP first from N-E to get national party status
IAF inks Rs 300 crore deal to procure Spice bombs from Israel
The Indian Air Force(IAF) has signed Rs 300-crore deal with the Israeli government to buy as 100 SPICE bombs.The newly ordered SPICE bombs are an advanced version of SPICE-2000 bombs. Spice 2000 Bombs are the same explosives which was used by the IAF to target Jaish-e-Mohammed camps in Balakot, Pakistan on February 26,2019. SPICE stands… Continue reading IAF inks Rs 300 crore deal to procure Spice bombs from Israel
RBI revises stressed asset resolution norms
The Reserve Bank of India(RBI) has issued a revised prudential framework for resolution of stressed assets. This revised circular was issued after Supreme Court had declared the RBI’s February 12 circular on the resolution of stressed loans as unconstitutional. This framework will apply to accounts worth Rs 2,000 crore and above but from January 1,2020… Continue reading RBI revises stressed asset resolution norms
Can’t promote Bimstec at the cost of Saarc: Nepal
Nepal ambassador to India has said that BIMSTEC cannot be a substitute for SAARC. The ambassador has also said that SAARC had nothing to do with bilateral disputes and that the region cannot grow rapidly without cooperation among South Asian nations. The debate whether BIMSTEC can be an alternative to SAARC or not started in… Continue reading Can’t promote Bimstec at the cost of Saarc: Nepal
Draft bill moots 10-year jail for crypto dealing
Government has introduced a draft bill on Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019. The draft bill says that anybody who mine, hold, transact or deal with cryptocurrencies in any form whether directly or indirectly through an exchange or trading can attract a jail term of one to 10 years. The… Continue reading Draft bill moots 10-year jail for crypto dealing
India to hold first simulated space warfare exercise next month
India is planning to conduct its first ever simulated space warfare exercise titled ‘IndSpaceEx’. The exercise will basically be a table-top war-game with all stakeholders from the military and scientific community taking part in it. The main aim of ‘IndSpaceEx’ exercise is to assess the requisite space and counter-space capabilities that are needed by India.The… Continue reading India to hold first simulated space warfare exercise next month
Bhutan’s lower house of parliament votes to decriminalise homosexuality
Bhutan’s lower house of parliament has voted to scrap laws criminalising homosexuality. The lower house scrapped Sections 213 and 214 of the penal code, which criminalised unnatural sex.However,the amendment is yet to be ratified by the upper House of Parliament. Currently,LGBT+ people are not recognised under Bhutanese law and as such aren’t protected from employment… Continue reading Bhutan’s lower house of parliament votes to decriminalise homosexuality
SEBI, MCA sign pact for more data scrutiny
Ministry of Corporate Affairs(MCA) and the Securities and Exchange Board of India(SEBI) has signed a Memorandum of Understanding (MOU) for data exchange between the two regulatory organizations. The MoU comes in the backdrop of increasing need for surveillance in the context of Corporate Frauds affecting important sectors of the economy. The MoU will facilitate the… Continue reading SEBI, MCA sign pact for more data scrutiny
Denial of LoP status to Congress illegal, can be challenged in court: Abhishek Singhvi
Congress leader has said that the single largest party in Lok Sabha deserves the post of Leader of Opposition(LoP).He alleged that the rule cited to deny the LoP post to Congress was unconstitutional. Leader of Opposition is a statutory office provided for in the Salary and Allowances of Leaders of Opposition in Parliament Act,1977. The… Continue reading Denial of LoP status to Congress illegal, can be challenged in court: Abhishek Singhvi
