The revised DTAA will provide certainty in tax to the residents of both India and Korea. It aims to avoid the double taxation burden for taxpayers of both the countries in order to promote and thereby encourage flow of investment, services and technology between the two countries.
The government on Thursday approved the new agreement between India and Bhutan on Trade, Commerce and Transit, as stated in the official release, "the Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved an Agreement on Trade, Commerce and Transit between India and Bhutan."
India's secondary wire market, in particular those located in Raipur and Durgapur, has been witnessing low trade after Prime Minister Narendra Modi announced his demonitisation scheme on November 8.
The Finance Ministry has made it mandatory for all the government departments to do payments through e-payment mode and not cash, for transactions above Rs.5,000.
UK's Prime Minister Theresa May faced the first parliamentary defeat over Brexit after the Upper House voted for an amendment thereby delaying the bill which empowers her to begin talks for her country's exit from the European Union.
In 1940 - 1945, Winston Churchill was the first British prime minister and led the country through the second World War until the surrender of Germany.
