India-China financial dialogue postponed till next month
The Dollar Business Bureau The India-China financial dialogue, to be held in Beijing between Finance Minister Arun Jaitley and his Chinese counterpart Lou Jiwei next week, has been postponed till next month. The meeting was deferred as Department of Economic Affairs Secretary Shaktikanta Das was unable to attend the meeting. "Only Secretary, DEA's level Indo-China Dialogue has been postponed as he deferred his visit to deal with BREXIT-related issues back home," Ministry of Finance tweeted. Jaitley will, however, embark on a five-day visit to China to participate in the first annual meeting of the board of governors of the Asian Infrastructure Investment Bank (AIIB). The eighth round of India-China Financial Dialogue will now be held in July. The two countries have held seven rounds of ...
India may take up setting up of Income Tax Overseas Unit in UAE
Source: PTI The pending issue of setting up Income Tax Overseas Unit (ITOU) at UAE may be taken up during Prime Minister Narendra Modi's visit to the gulf nation on August 16-17. ITOU is expected help track and curb black money and illegal funds stashed abroad and the issue may be taken up during the two-day visit of the Prime Minister, sources said. The unit has not yet opened in UAE as the government there has not given its clearance, whereas other ITOUs are already in operation in USA, France, Holland, UK, Japan in addition to Singapore and Mauritius, sources said. Black money is top of the government agenda and proposed ITOU in Abu Dhabi is expected to help in getting ...
