What is Advance Pricing Agreement? It is an agreement between taxpayers (corporates) and the central tax authority (in case of India it is CBDT) It determines transfer pricing methodology for determining the value of assets and taxes on intra-group overseas transactions. Transfer pricing is referred to the fixing of the price for goods and services[…]
The Ashok Chawla Committee has recommended the shifting of water to the Concurrent List to provide uniform national framework to manage water in a better and efficient way.
SEBI is the statutory regulator for the securities market in India. It was established in 1988 and given statutory powers through the SEBI Act, 1992. Purpose: Protect the interests of investors in securities, promote the development of securities market and to regulate the securities market. SEBI is responsive to needs of three groups, which[…]
US private company in aerospace and space transport sector It was established with the goal of creating the technologies to reduce space transportation costs and enable the colonization of Mars It has developed the Falcon 1 and Falcon 9 launch vehicles, both designed to be reusable, and the Dragon spacecraft which is flown into orbit by[…]
The strategic Gwadar port is located in Pakistan’s restive Balochistan province. It has been developed under CPEC which link western China through Pakistan with the Middle East, Africa and Europe. The revamped port became operational in November 2016
Ministry/Department: Department of Commerce, Ministry of Commerce & Industry Objective: This policy intended to make SEZs an engine for economic growth supported by quality infrastructure complemented by an attractive fiscal package, both at the Centre and the State level, with the minimum possible regulations SEZs: SEZ are set up under Special Economic Zones Act, 2005[…]
The Union Ministry of Commerce and Industry (MOCI) has launched a mobile application named “SEZ India” under its broader e-Governance initiative to help the Special Economic Zone (SEZ) Units and Developers. Note: Use this name in answers related to SEZs.
The one-China policy underscores recognition of China’s sovereignty over Taiwan. This position has been held by the US since 1979. Any country that wants to establish political and diplomatic relations with China must adhere to this principle and not recognise Taiwan as an independent country. Why in news? US President-elect Donald Trump’s statement that[…]
Ranked 60/79 countries Released in World Economic Forum’s (WEF) ‘Inclusive Growth and Development Report’ The index is based on 12 performance indicators and countries are ranked on IDI scores based on a scale of 1-7. It has three pillars : Growth and Development, Inclusion and Intergenerational Equity, and Sustainability It provides a more complete[…]
The Union Ministry of Environment, Forest and Climate Change (MoEFCC) has notified the Graded Response Action Plan to combat air pollution in NCR Delhi region. What is it? Graded Response Action Plan defines the measures to be taken based on air quality on the basis of PM 2.5 and PM 10 in the atmosphere.[…]