Consider the following statements about India-Singapore relationship:
Which of the above statements is/are correct?
Consider the following statements about India-Singapore relationship:
Which of the above statements is/are correct?
The correct option is B 2 only
Singapore has replaced Mauritius as the top source of foreign direct investment (FDI) into India during the first half of the current financial year. According to experts, the reason for this rise is the Double Taxation Avoidance Agreement (DTAA) with Singapore incorporates Limit-of-Benefit (LoB) clause, which has provided comfort to foreign investors based there to invest in India. Investors are preferring Singapore to Mauritius as the LoB clause in India-Singapore treaty provides substance and certainty.
Singapore is India's largest trading partner amongst the ASEAN countries and serves as India's gateway to ASEAN and East Asia. Bilateral trade in 2013 stood at S$25.5 billion with Singapore being India's 6th largest trading partner and the largest foreign investor in India.
The scope of bilateral cooperation has broadened in recent years with the conclusion of key agreements including the landmark Comprehensive Economic Co-operation Agreement (CECA), the Mutual Legal Assistance Treaty (MLAT) in Criminal Matters, and the Defence Co-operation Agreement.
2 only
Singapore has replaced Mauritius as the top source of foreign direct investment (FDI) into India during the first half of the current financial year. According to experts, the reason for this rise is the Double Taxation Avoidance Agreement (DTAA) with Singapore incorporates Limit-of-Benefit (LoB) clause, which has provided comfort to foreign investors based there to invest in India. Investors are preferring Singapore to Mauritius as the LoB clause in India-Singapore treaty provides substance and certainty.
Singapore is India's largest trading partner amongst the ASEAN countries and serves as India's gateway to ASEAN and East Asia. Bilateral trade in 2013 stood at S$25.5 billion with Singapore being India's 6th largest trading partner and the largest foreign investor in India.
The scope of bilateral cooperation has broadened in recent years with the conclusion of key agreements including the landmark Comprehensive Economic Co-operation Agreement (CECA), the Mutual Legal Assistance Treaty (MLAT) in Criminal Matters, and the Defence Co-operation Agreement.
