India World Forum

Indian Government signed a Protocol, amending DTAA ( Double Taxation Avoidance Agreement ) with Singapore government for effective exchange of information in tax matters. The Protocol was signed by Shri Prakash Chandra, Chairman, Central Board of Direct Taxes (CBDT) on behalf of the Indian Government and Ms. Karen Anne Tan Ping Ming, High Commissioner of Singapore to India , on behalf of the Republic of Singapore. The negotiations for entering into an amending Protocol was completed in one round at Singapore . Both Singapore and India have adopted internationally agreed standard for exchange of information in tax matters to locate black money. This standard includes the principles incorporated in the new paragraphs 4 and 5 of OECD Model Article on ‘Exchange of Information’ and requires exchange of information on request in all tax matters for the administration and enforcement of domestic tax law without regard to a domestic tax interest requirement or bank secrecy for tax pur...

Affiliations such as nationality are not only matters of entitlement, they all also involve attachment and responsibility. In a rapidly changing country, as India certainly i s, one of the duties that we have as Indians is to ask: what kind of a country this i s . This may lead to the further question: what does it demand of us, at this time? I am very aware that it is rather reckless to ask grand questions of such apparent naivety. But since I don't indulge in other dangerous activities, like taming lions, or being on the trapeze, or standing for parliamentary elections, perhaps I ought to show some bravery and foolhardiness here. Hence this lecture. Amartya Sen on Indian History , Indian Culture ,  Indian Politics and Indian Economy India is of course a large country, with a huge population. The relative size of the Indian population is not a new phenomenon, contrary to the presumption, which seems fairly common in the world today, that India has become relatively enormo...

India’s Economic reform programme began in the middle of a macroeconomic crisis that erupted in early 1991.* This led to what is known as the New Economic Policy announced by the Govt. of India in July 1991, which was also followed by the announcement of the New Industrial Policy, which included the abolition of the location policy. During the last decade the Govt. of India have initiated as well as implemented a number of economic and financial reforms in various sectors of the Indian Economy. These reforms are mostly related to the process of Liberalization, Privatization and Globalization of the Indian Economy. The most important impact of this LPG model on the Indian Economy has been a very high rate of growth of Gross Domestic Product, ranging between 7% and 8.2%. India has never achieved such a high growth rate of the economy since Independence in 1947. This could be considered as a major achievement of the country during the last decade. Jobless Growth: But, this high ra...

The draft Bill is in two parts. implemented by state and local governments with support from the Central Government. The second part develops a framework of grievance redressal for food-related schemes, with potential for being extended to other economic and social rights. Food Entitlements and Related Matters Essential Entitlements This part is based on the NAC note of 23rd October 2010. The essential entitlements are: Public distribution system: 35 kgs per household per month at Rs 3/2/1 for rice/wheat /millets for Priority category; 20 kgs at (at most) half of MSP for General category. Maternal and child support: (1) Universalization of ICDS (as per Supreme Court orders); (2) counselling and support for optimal Infant and Young Child Feeding; (3) nutrition take-home rations for children under 3 and pregnant/lactating women; (4) cooked midday meals up to Class 8 in government and government-aided schools; (5) maternity entitlements of Rs 1000/month for 6 months for pregnant wom...