Search Result for : Bilateral Agreement

The Dollar Business Bureau In a much-needed relief to the exporters, the Export Credit Guarantee Corporation (ECGC) in its 60th year of operation has taken a customer friendly step by reducing the premium rate by an average of 17% for its whole turnover policy covers. This has reduced the transaction costs for short term business exporters from Rs.28.19 to Rs 25.46 per Rs 100 during FY 2016-17. The premier Export Credit Agency has also initiated several customer friendly steps to boost exports. In its press release on May 31st, the agency has listed out the initiatives taken during FY 2016-17. The agency has taken steps to make Export Factoring Scheme, cheaper for MSMEs. To give a fillip to the Medium & Long Term (MLT) ...

The Dollar Business Bureau The Social Security Agreement (SSA) that has been signed between India and Japan in Tokyo on November 16, 2012 will come into force with effect from this October, the Ministry of External Affairs said in a statement on Wednesday. According to the Agreement the SSA between India and Japan will improve the profitability of both Indian and Japanese companies. This agreement would benefit many skilled workers from India and Japan working in either of the countries and also attract more Japanese firms to invest in India. The SSA would prevent making double social security contributions. It would exempt the Indian workers who are on a short term contract in Japan, from making social security contribution there, if they are ...

Source: PIB, Government of India Minister of State for Agriculture Mohanbhai Kundaria held bilateral talks in Vilnius with Lithuanian vice Minister for Agriculture Vilius Martuseviius. In delegation level talks on October 01, both sides agreed that there was significant potential for intensifying bilateral cooperation in agriculture, particularly in sectors like food and dairy processing. Kundaria was accompanied by Ambassador Ajay Bisaria, First Secretary Meena, Honorary Consul, Wing Commander Rajinder Chaudhary and senior officers of India’s Ministry of Agriculture. Heads of Departments of the Agriculture Ministry of Lithuania attended the meeting from Lithuanian side. Kundaria briefed the Lithuanian side on the latest agricultural initiatives in India including soil health cards to be given to 140 million farmers and special irrigation schemes. The two ...

Source: PIB, Government of India Signing and Ratification of agreement between India and Seychelles for the exchange of information with respect to taxes  The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes.  The agreement will stimulate the flow of exchange of information between India and Seychelles for tax purposes, which will help curb tax evasion and tax avoidance. The salient features of the agreement are as follows:  i. It will enable the competent authorities of India and Seychelles to provide assistance through exchange of information that is foreseeably relevant to the administration and enforcement of ...