Posts Tagged ‘current affairs’

  The Ministry of Enviroment & Forests has taken several steps for augmentation of water supply for protection of birds in the Keoladeo National Park, Bharatpur, Rajasthan. The details are as follow:-

(i)     A project costing Rs.65.00 crore has been undertaken for supply of water to Keoladeo National Park from Goverdhan drain by laying of pipelines from Santruk village to Keoladeo National Park for a distance of about 17.1 km and water resource augmentation within the National Park area. The work of laying of pipeline has been completed and test of water flowing into the Park has been done during September 2012.

(ii)   About 216 million cubic feet (mcft) and 234 mcft of water was made available from the traditional source, i.e., Panchana Dam during the year 2010-11 and 2012-13 respectively. The State Board for Wildlife has recommended that the water supply from the Panchana dam be made available every year on sustained basis.


An Agreement (DTAA) and Protocol Signed Between India and Malta  for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect to Taxes on Income

The Double Taxation Avoidance Agreement (DTAA) and the Protocol between the Republic of India and Malta for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income is in force since 8th February, 1995. Both India and Malta have renegotiated the Agreement to bring in line with international standards, change in domestic laws and changed economic scenario.

India and Malta had signed the new DTAA at Valetta, Malta. The Double Taxation Avoidance Agreement (DTAA) was between  India and Malta. Once the DTAA enters into force, it will stimulate the flow of capital, technology and personnel between both the countries and will further strengthen the economic relationship. It also provides tax stability and reduces any obstacles in providing mutual cooperation between India and Malta.

  1. The H1-B Visa is a Non-immigrant Visa in the United States under the Immigration & Nationality Act, section 101(a)(15)(H). It allows US employers to temporarily employ foreign workers in specialty occupations. If a foreign worker in H1-B status quits or is dismissed from the sponsoring employer, the worker must either apply for and be granted a change of status to another non-immigrant status, find another employer (subject to application for adjustment of status and/or change of visa), or leave the US.
  2. H-4 Visa is a Visa issued by the U.S Citizenship and Immigration Services (USCIS) to immediate family members (spouse and children under 21 years of age) of the H1-B Visa holders. H-4 Visa holders can hold a driver’s license, open bank accounts and get an individual Taxpayer Identification Number for US Tax purposes.

State Government of Andhra Pradesh on 11 April 2013 launched a GPS-GIS based Central Emergency Response System Dial 100 in Hyderabad. The emergency response system is designed to enable police reach the area of complaint within minutes of receiving the complaint. The project with state-wide network was launched by the states Chief Minister Kiran Kumar Reddy. The project is jointly being exercised by State Police and a Private Firm that will operate the GPS-GIS based state of the art emergency response system that will operate on a single command and control centre for complete state. The same centre of Dial 100 will coordinate in cases of other emergencies like fire, medical as well as the disaster related response. This facility will enable citizens of the state to Dial 100 and register the complaints via mobile or landline phone.

“China to make Paris a major offshore yuan trading hub in Europe, competing against London, the China Daily on Saturday cited Bank of France Governor Christian Noyer as saying.

Yuan deposits in Paris amount to 10 billion yuan ($1.6 billion), making it the second largest pool for the Chinese currency in Europe after London. Almost 10 percent of Sino-French trade is settled in yuan, also called the renminbi or RMB, according to French data cited by the official newspaper.

“The Bank of France has been working on ways to develop a RMB liquidity safety net in the euro area with due consideration of a supporting currency swap agreement with the People’s Bank of China,” Noyer told the English-language newspaper.

The yuan’s internationalization and bilateral financial cooperation could be among the main topics during French President Francois Hollande’s visit to China in late April, the paper said.”