1. India and Iran Signed Agreement for the Avoidance of Double Taxation
India and Iran signed an Agreement for the Avoidance of Double Taxation (DTAA) and the Prevention of Fiscal Evasion with respect to taxes on income. The Agreement is on similar lines as entered into by India with other countries.
The Agreement will stimulate the flow of investment, technology and personnel from India to Iran & vice versa, and will prevent double taxation. It will improve transparency in tax matters and will help curb tax evasion and tax avoidance.
Iran Capital- Tehran, Currency- Iranian rial.
2. Prime Minister Inaugurates World Sustainable Development Summit 2018
Indian Prime Minister Narendra Modi inaugurated the World Sustainable Development Summit 2018 (WSDS 2018) at Vigyan Bhawan in New Delhi.
The summit is the flagship forum of The Energy and Resources Institute (TERI). The summit’s theme this year was ‘Partnerships for a Resilient Planet’.
3. CPA Conference of India Region to Begin in Patna
The 6th conference of Commonwealth Parliamentary Association (CPA) of India Region has been inaugurated by the Loke Sabha Speaker Sumitra Mahajan in Patna.
Over one hundred delegates from across the country and abroad including Australia, Britain,Uganda, and Tonga have arrived to participate this conference.
The Commonwealth Parliamentary Association(CPA) exists to develop, promote, and support Parliamentarians and their staff to identify benchmarks of good governance and to implement the enduring values of the commonwealth.
Russian space agency Roskosmos has successfully launched Progress MS-08, an unmanned cargo spacecraft for the International Space Station (ISS). It was launched onboard of Soyuz-2.1a rocket from Russian-leased Baikonur launch facility in Kazakhstan. Soyuz-2.1a has four strap-on boosters and core engine, all fueled by a mix of kerosene and liquid oxygen.
Russia Capital- Moscow, Currency- Russian ruble, President- Vladimir Putin.
5. World Anti-Doping Agency Suspends Romanian Laboratory
The World Anti-Doping Agency (WADA) has suspended Romania's drug-testing laboratory for six months. WADA imposed the sanction on the lab in Bucharest due to a number of non-conformities with regulations.
WADA has stepped up checks on laboratories around the world ever since uncovering evidence of wide-ranging doping and cover-ups at the Moscow laboratory.
1. India's second lunar mission Chandrayan-2 to be launched in April
According to the Minister of Atomic Energy and Space, Dr. Jitendra Singh, the country will send its second mission to the moon “Chandrayan-2” in April this year. The mission will cost around 800 crore rupees which include the cost of orbiter, lander, and rover.
India is using the technology for peaceful purposes and its applications have been diversified in various fields including electricity generation, agriculture and health sectors.
Nuclear plants are now being installed in other parts of the country as earlier these are concentrated in southern and western parts.
1. Government Inks $100 million Loan Agreement with NDB for Rajasthan Water Project
The government has signed second Loan Agreement with New Development Bank (NDB) for the financing of Rajasthan Water Sector Restructuring Project for the Desert Areas. This is the first tranche loan of $100 million was approved by the NDB under Multi-Tranche Financing Facility of $345 million for this project. The objective of the project is to rehabilitate 678 km long Indira Gandhi Nahar Project (IGNP) built during 1958-63 to prevent seepage.
During the sixth BRICS Summit in Fortaleza (2014), the leaders signed the Agreement for establishing the New Development Bank (NDB).