Proposal to provide a two year extension with amendments to the Framework on Currency Swap Arrangement for SAARC member countries upto November 14, 2017 and extension thereafter if necessary

Misc. Items

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given approval for the proposal to provide a two year extension with amendments to the ‘Framework on Currency Swap Arrangement for SAARC Member Countries’ upto November 14, 2017, and extension thereafter, if necessary, by Finance Minister. Under the facility, RBI offers swaps of…

Protocol amending the Agreement between India and Kuwait for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income

Income Tax

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the protocol amending the Agreement between India and Kuwait for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The Protocol provides for internationally accepted standards for effective exchange of information…

Direct subsidy to sugarcane growers

Misc. Items

Sustained surpluses of production over domestic consumption in the last five years has led to subdued sugar prices, which has stressed the liquidity position of the industry leading to a build up of cane price arrears. During sugar season 2014-15, the peak cane price arrears were Rs.21,000 crore as on 15/4/2015. The Central Government has,…