New legislation in US to make India a key defence tech partner
The US Senate introduced the US-India Defense Technology and Partnership Act on May 10. The bill was introduced by Senator Mark Warner (D- VA) and John Coryn (R-TX), Co-Chair of the Senate India Caucus. The legislation emphasises the US government’s focus on its security partnership with India. The bill also sends a strong message to New Delhi that the Washington […]
Obama to make historic visit to Hiroshima: White House
Confirming President Barack Obama’s historic visit to Hiroshima on May 27, the White House said that he will be the first US President to visit the city which was the target of an atomic bomb 70 years ago. In 2009, Mr Obama had expressed his desire to travel to either of the two Japanese cities […]
India amends double taxation agreement with Mauritius
Bringing an end to years of abuse of the tax treaty with Mauritius, India has amended the Double Taxation Avoidance Agreement (DTAA) on May 10. Under the revised agreement, India has the right to tax capital gains on investments from Mauritius. Capital gains arising from the sale of shares of an Indian resident company acquired […]
UK refuses to deport Mallya
In a setback to India, the United Kingdom has said that it cannot deport Vijay Mallya to India as he does not own a valid Indian passport. “The UK government has informed us that under the 1971 Immigration Act, the UK does not require an individual to hold a valid passport in order to remain […]
India to develop projects worth $5 billion with ADB support
As the focus on improving regional connectivity continues, India is developing various infrastructure projects worth $5 billion in South Asia through the support of the Asian Development Bank (ADB). The Indian government is optimistic about improving regional connectivity through sub-regional cooperation. “With ADB support, India is presently developing two priority road corridors. The first will […]