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English Release 27-August 2014
Date Month Year
  • President's Secretariat
  • President of India presents Hindi Sevi Samman
  • Prime Minister's Office
  • PM wishes Shri Lalu Prasad Yadav a speedy recovery
  • President, Asian Development Bank, calls on PM
  • PM sets up Committee to identify obsolete laws within three months
  • PMO statement
  • UP Governor calls on PM
  • Cabinet
  • Swapping of SOS village land measuring 2397 sqm. with equivalent airport land for construction of hangars at Lokpriya Gopinath Bordoloi International Airport, Guwahati
  • Signing of Memorandum of Cooperation between India and Japan in the field of healthcare
  • Cabinet Committee on Economic Affairs (CCEA)
  • Empowering the Ministry of Road Transport and Highways to decide on mode of delivery and amendments in Model Concession Agreement in respect of national highways projects
  • Continuation of production of urea from MFL – Manali, MCFL – Mangalore and SPIC – Tuticorin after June 2014
  • Min of Chemicals and Fertilizers
  • Continuation of production of urea from MFL – Manali, MCFL – Mangalore and SPIC – Tuticorin after June 2014
  • Min of Civil Aviation
  • Swapping of SOS village land measuring 2397 sqm. with equivalent airport land for construction of hangars at Lokpriya Gopinath Bordoloi International Airport, Guwahati
  • Min of Commerce & Industry
  • Policy for Private Investment in Rail Infrastructure Through Domestic and Foreign Direct Investment
  • Min of Comm. & Information Technology
  • Bharat Domain Name
  • State IT Ministers Conference on “Digital India”
  • Min of Defence
  • Defence Minister Reviews Progress of Indigenous Submarine Construction at Mazagon Docks Limited, Mumbai
  • Ministry of Finance
  • Prime Minister to Launch Pradhan Mantri Jan Dhan Yojana Tomorrow: To Dedicate Mobile Banking Facility on Basic Mobile Phones to the Nation
  • Min of Food Processing Industries
  • Availability of nutritious meals in schools
  • Min of Health and Family Welfare
  • 821 passengers being tracked for Ebola Virus Disease
  • Signing of Memorandum of Cooperation between India and Japan in the field of healthcare
  • Universal Health Assurance to galvanise Health Care sector
  • Min of Home Affairs
  • DG-BSF Briefs Home Minister on Border Situation
  • Min of Mines
  • Union Minister Shri Narendra Singh Tomar Meets Chief Minister, Odisha Shri Naveen Patnaik to take Forward Steel & Mines Sector in the State
  • Mineral Production during June 2014
  • Min of Personnel, Public Grievances & Pensions
  • Dr. Jitendra Singh Inaugurates Seminar on ‘Transparency and Accountability’
  • Min of Petroleum & Natural Gas
  • Restriction of one cylinder per month removed to benefit consumers; Number of subsidised cylinders will continue to be 12
  • Global crude oil price of Indian Basket increased to US$ 101.25 per bbl on 26.08.2014
  • Min of Road Transport & Highways
  • Empowering the Ministry of Road Transport and Highways to decide on mode of delivery and amendments in Model Concession Agreement in respect of national highways projects

Previous Date

 
Ministry of Finance13-December, 2012 17:33 IST
Proposal to Operationalise DTAAs with 12 More Countries Under Process

India has entered into Double Taxation Avoidance agreements (DTAAs) with 84 countries. In addition, DTAAs have been signed with 3 countries, viz. Colombia, Uruguay & Ethiopia and will enter into force after completion of necessary formalities in these countries. Proposal to sign DTAAs with 12 more countries/jurisdictions is under process. These countries/jurisdictions are Albania, Bhutan, Chile, Croatia, Fiji, Hong Kong, Iran, Latvia, Senegal, Venezuela, Cuba and Macedonia.

The Government has also identified priority countries/jurisdictions for negotiation of Tax Information Exchange Agreements (TIEAs). At present, India has TIEAs with 9 jurisdictions viz. Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Isle of Man, Jersey, Guernsey, Liberia and Macau which are in force. In addition, three more TIEAs have been signed with Argentina, Bahrain and Monaco which will enter into force after completion of necessary formalities in these countries/jurisdictions. The proposal to sign TIEAs with another 34 countries/jurisdictions is under process. These countries/jurisdictions are Andorra, Anguilla, Antigua and Barbuda, Aruba, Barbados, Belize, Brunei Darussalam, Cook Islands, Curacao, Dominica, Dominican Republic, Faroe Islands, Greenland, Grenada, Honduras, Jamaica, Montserrat, Peru, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sint Maarten, Turks and Caicos, Vanuatu, Argentina, Bahrain, Gibraltar, Liechtenstein, Maldives, Marshall Islands, Panama, Saint Kitts & Nevis and Seychelles.

All these DTAAs and TIEAs contain an Article on Exchange of Information under which India tax authorities can seek information about a taxpayer.

Information is regularly exchanged with the treaty/agreement partners and is forwarded to the field authorities for taking appropriate action. The information exchanged is governed by the confidentiality clause of the respective DTAA/TIEA.

This was stated by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in the Rajya Sabha today.

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