Namaste Shalom March 03 & 04, 2018 The Union Minister of State of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions Dr Jitendra Singh launched the social media of Namaste Shalom. It is a magazine devoted to India-Israel relations. He announced that a food processing centre with collaboration of Israeli expertise will be inaugurated in Aizwal, Mizoram. This will be the first such centre in the North East region of India that is being established with Israeli collaboration. The project has been set up with the tripartite collaboration of Ministry of Agriculture and Farmers Welfare, Government of India, Government of Israel and State Government of Mizoram. List of MoUs/Agreements signed during the State visit of President of Vietnam to India MoU on Economic and Trade Cooperation- The purpose of the MoU is to establish a framework for enhancing economic and trade promotion. Work Plan for the years 2018-2022 between the Indian Council of Agricultural Research (ICAR) and Ministry of Agriculture and Rural Development of Vietnam- The purpose of this Work Plan is to promote cooperation in transfer of technology and exchange of visits of technical experts in the fields of agriculture and allied.
MoU on Cooperation between the Global Centre for Nuclear Energy Partnership, India (GCNEP) and the Vietnam Atomic Energy Institute (VINATOM)- The purpose of the MoU is to strengthen the technical cooperation in the field of atomic energy for peaceful purposes. List of MoUs/Agreements signed during the Visit of the King of Jordan to India S. No. Name of MoUs/Agreements Description 1. MoU on Defence Cooperation Purpose of the MoU is to promote cooperation between India and Jordan in the field of Defence by defining the scope of such cooperation and making provisions for implementation of the cooperation in some of the recognized areas like training; defence industry; counter-terrorism; military studies; cyber security; military medical services, peace-keeping etc. 2. Visa waiver for diplomatic and official passport holders This Agreement provides for permitting the diplomats and Official passport holders of India and Jordan to enter into, exit and transit through the territory of each other without requirement of visa.
3. Cultural Exchange Programme (CEP) This programme for the period 2018-2022 provides for exchanges between India and Jordan in the areas of music and dance; theatre; exhibition, seminars and conference; archaeology; archives, library, museum, literature, research and documentation; Science museums; festivals; mass media, and; youth programs. 4. Manpower Cooperation Agreement This MoU provides for cooperation between India and Jordan with a view to promote best practices in the administration of the cycle of contract employment of the Indian nationals in Jordan. 5. MoU for cooperation in the field of Health and Medicine between India and Jordan The objective of this MoU is to establish and encourage cooperation in the fields of health, medical science, medical education and research on the basis of equality and mutual benefits in accordance with respective legislations and regulations of India and Jordan. The various recognized areas of mutual cooperation include Universal Health Coverage (UHC); Services and IT in Health; Health Research; National Health Statistics; Diagnosis, Treatment and Medication of TB, and; Regulation of Pharmaceuticals and
Medical Devices etc. 6. MoU for setting up of the next generation Centre of Excellence (COE) in Jordan Purpose is to set up next generation Centre of Excellence (COE) in Jordan for training of minimum 3000 Jordanian IT professionals over a period of 5 years, and setting up of resource centre in India for Training of Master trainers in IT field from Jordan. 7. MoU for long term supply of Rock Phosphate and Fertilizer/NPK The purpose of the MoU is mining and beneficiation of rock phosphate and setting up of production facility in Jordan for Phosphoric acid/dap/npk fertilizers, with a long term agreement for 100% off-take to India. Such anmou ensures long term and sustained supply of rock phosphates to India. 8. Customs Mutual Assistance Agreement This Agreement provides for mutual assistance between India and Jordan to ensure proper application of the customs legislations in the two countries to prevent custom offences and for smooth exchange of accurate information regarding custom duties, taxes, fees and other charges levied by custom administration. 9. Twining Agreement between Agra and Petra (Jordan) By this Agreement, the two municipalities of Agra and Petra pronounced to work jointly for promotion of social relations by identifying the
activities for mutual cooperation in tourism, culture, sports and economic sectors. 10. Cooperation between Indian Institute of Mass Communication (IIMC) and Jordan Media Institute (JMI) The purpose of this MoU is development of joint projects between the two institutes; joint organization of academic and scientific activities, and; exchange of staff, students and materials of common interest. 11. MoU between PrasarBharati and Jordan TV This MoU provides for cooperation between PrasarBharati and Jordan Radio and TV Corporation to cooperate in the fields of exchange and co-production of programs, training of personnel and further coordination. 12. MoU between University of Jordan (UJ) and ICCR regarding setting up of a Hindi Chair at the University This MoU lays down the basis and other conditions for cooperation between ICCR and UJ in establishment and functioning of the ICCR Chair for Hindi language in UJ. DefExpo 2018 showcasing India DefExpo 2018 will project India s Defence manufacturing capabilities to the world. Its tagline is India: The Emerging Defence Manufacturing Hub. DefExpo India is one of the largest events of its kind in the world for the last 10 years. For the first time DefExpo is being held in Chennai from 11 to 14 April 2018.
The location of the event is Tiruvidanthal, Kancheepuram district on the East Coast Road near Chennai. International Yoga Festival The Vice President of India, Shri M. Venkaiah Naidu inaugurated the event. International Yoga Festival is being held at Parmarth Niketan, Rishikesh, Uttarakhand In his inaugural speech he mentioned about Yoga is a holistic approach to wellbeing which has physical, emotional and spiritual dimensions. He further said that the emphasis on the physical exercises emerged around the 11th century AD in a branch of yoga called Hatha yoga and these exercises have gained world-wide importance and prominence over the years. The word Yoga is derived from two roots. One signifying connection and the second signifying concentration. Sage Patanjali who compiled the first yoga philosophy defines yoga as an ability to control one s own random thoughts and achieve a stillness, a calmness that creates inner harmony. Lord Krishna in the Bhagawad Gita talks of three Yogas Karma Yoga, Jnana Yoga and Bhakti Yoga. These three dimensions Action, Knowledge and Devotion are relevant in all walks of life. CBDT achieves important milestone of 200 APAs The Central Board of Direct Taxes (CBDT) has crossed an important milestone of having signed 200 APAs (Advance pricing agreements). This includes 185 Unilateral APAs and 18 Bilateral APAs.
The APA Scheme endeavours to provide certainty to taxpayers in the field of transfer pricing through an agreement in advance. Such agreement is entered into by the CBDT with the approval of the Central Government, with the tax payers on the transfer price of international transactions between associated entities. The APA provisions were introduced in the Income-tax Act, 1961 in 2012 and the Rollback provisions were introduced in 2014. What is APA?? An advance pricing agreement (APA) is an ahead-of-time agreement between a taxpayer and a tax authority on an appropriate transfer pricing methodology (TPM) for a set of transactions at issue over a fixed period of time (called "Covered Transactions"). Transfer pricing In taxation and accounting, transfer pricing refers to the rules and methods for pricing transactions between enterprises under common ownership or control. Because of the potential for cross-border controlled transactions to distort taxable income, tax authorities in many countries can adjust intragroup transfer prices that differ from what would have been charged by unrelated enterprises dealing at arm s length (the arm s-length principle). The OECD and World Bank recommend intragroup pricing rules based on the arm s-length principle, and 19 of the 20 members of the G20 have adopted similar measures through bilateral treaties and domestic legislation, regulations, or administrative practice.
Countries with transfer pricing legislation generally follow the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations in most respects, [5] although their rules can differ on some important details