Best of PIB: 06 Jan 2017

India and Kazakhstan

  1. Have signed a protocol to amend the DTAC (Double Taxation Avoidance Convention)
  2. The earlier treaty was signed between both the countries in 1996 for the avoidance of double taxation
  3. The features of the protocol are
    • It provides for effective exchange of tax information
    • Such tax information received can be shared with other enforcing agencies in India with authorization of competent authorities in Kazakhstan
    • The protocol provides for Limitations of Benefits article
    • There are provisions to facilitate relieving of economic double taxation in transfer pricing cases

 

National Book Trust will be celebrating its 60 years of foundation this year

 

Advance Estimates

  • GDP will likely grow at the rate of 7.1%
  • Real GVA, i.e, GVA at basic constant prices (2011-12) will grow at 7.0%
  • Agriculture, forestry and fishing likely to grow at 4.1%
  • Manufacturing likely to grow at 7.4%
  • The per capita income in real terms (at 2011-12 prices) during 2016-17 is likely to attain a level of Rs 81805