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 well-being 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.
- 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.
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