CURRENT AFFAIR OF AUGUST INDIA & WORLD India Signs DTAC protocol with Morocco On 8 August India signed a Protocol amending the India – Morocco Double Taxation Avoidance Convention (DTAC) in New Delhi .The Protocol was signed by Dr Sudha Sharma, Chairperson, Central Board of Direct Taxes on behalf of Government of India and H.E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India on behalf of Government of the Kingdom of Morocco.The Protocol is based on international standards of transparency and exchange of information. It provides for effective exchange of information including banking information between tax authorities of the two countries. 5th India – China Strategic Dialogue Held In Delhi The 5th India-China Strategic Dialogue was held at New Delhi on 20 August .The Indian side was led by Foreign Secretary Sujatha Singh and the Chinese side was led by Vice Foreign Minister Liu Zhenmin.The two sides discussed several issues including enhancing understanding on the utilization of trans-border river waters, expanding bilateral trade and investment while addressing problems of the large and growing deficit faced by India, ways of maintaining peace and tranquility along the Line of Actual Control (LAC) in the India-China border areas, methods of boosting cultural cooperation as well as people-to-people exchanges and expansion of scientific and technological cooperation. India Third Largest Internet Using Nation On 21 August According to research firm com Score latest report titled “India Digital Future in Focus 2013 ” , India with 73.9 million Net users is the world’s third largest Internet population, overtaking Japan (4th position) but behind China (First position) and the US. (Second position) Riding on a 31 per cent year-on-year increase, India’s online population grew to 73.9 million.With an extended online universe in excess of 145 million the market is at a tipping point for online businesses.India overtook Japan by adding 17.6 million users in 2012. Indians Third Largest Immigrant Group In US On 23 August According to the Migration Policy Institute latest study report , Indians have emerged as the third-largest immigrant group in the US behind Mexicans and Chinese, with nearly 1.9 million of them living in the country.Indian population in the US has grown to over 150 times its size since 1960, when the slightly more than 12,000 Indian immigrants represented less than 0.5 per cent of the total immigrant population of 9.7 million immigrants.Till 2011, Indian-born immigrants accounted for almost five per cent (1.86 million) of America’s 40.4 million immigrants.Almost one-third of all Indian immigrants resided in just two states- California and New Jersey.More than a quarter of them lived in three major metropolitan areas- New York, Chicago and San Jose.Two per cent of all unauthorised immigrants in the United States were also from India. India and Iraq Signed Energy Cooperation Agreement On 23 August India and Iraq signed an agreement on energy cooperation to boost the bilateral ties.The agreement was signed along with three other agreements after comprehensive talks between Prime Minister Dr. Manmohan Singh and his Iraq Prime Minister Nouri al-Maliki on strategic bilateral, regional and international issues. Iraq is an important Gulf nation and has emerged as India’s second largest crude oil supplier after Saudi Arabia. India Announced Rs 5,000 crore For Bhutan On 31 August India announced an aid of Rs 5,000 crore, including a special package of Rs 500 crore, for Bhutan as part of commitment to its continued socio-economic development, a move that assumes significance against the backdrop of unease in the bilateral ties recently. India will contribute Rs 4500 crore towards Bhutan’s 11th Plan, as well as Rs 500 crore towards an Economic Stimulus Package.The decision was announced after talks in NewDelhi between Prime Minister Manmohan Singh and Bhutan Prime Minister Tshering Tobgay.
Posted on: Fri, 18 Oct 2013 07:11:52 +0000
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