India and Armenia Sign Protocol amending the India-Armenia Double Taxation Avoidance Convention
India and Armenia Sign Protocol amending the
India-Armenia Double Taxation Avoidance Convention
A Protocol to amend the existing Double Taxation
Avoidance Convention was signed by the Government of India and the Government
of Armenia here today.
The Protocol amends the Double Taxation Avoidance Convention between India and Armenia that has been in existence since 9th September, 2004. The Protocol amends the Article on Exchange of Information for tax purposes to bring it in line with the updated provisions in the OECD Model. The Protocol will enable the two countries to exchange information related to financial and banking transactions under the Double Taxation Avoidance Convention, and thereby facilitate them in addressing tax evasion. It is also expected to further strengthen the efforts of Government of India in curbing generation of black money.
The Amending Protocol was signed by Shri Arun Kumar Jain, Chairman, Central Board of Direct Taxes(CBDT), on behalf of Government of India and by H.E. Mr Armen Martirosyan, the Ambassador of Armenia to India, on behalf of the Government of Armenia.
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India Investment Summit would be held on 4th and
5th February, 2016 in the national capital; Long term investors including
Sovereign Wealth Funds and Pension Funds across the globe are expected to
participate in the two day Summit; Special focus would be on investment
opportunities in the sectors of road transport, highways, ports, urban
infrastructure, railways, power and renewable energy, besides State level
projects
Department of Economic Affairs,
Ministry of Finance, Government of India in partnership with SBI Caps is
organizing an ‘India Investment Summit’ on 4th and 5th February, 2016, in
national capital. A large Number of long term investors including Sovereign
Wealth Funds and Pension Funds across the globe are expected to participate in
the two day Summit. Apart from the infrastructure related Central
Ministries/Departments, many State Governments will also take part in the
Summit. For the two days, special focus would be on investment opportunities in
the sectors of road transport, highways, ports, urban infrastructure, railways,
power and renewable energy, besides State Level projects. The concerned
Ministers, Senior Officials and Regulators will be present for
interaction/discussions with the investors.
The Summit would showcase and discuss the huge long term infrastructure investment opportunities in India. The Government of India has already established National Investment and Infrastructure Fund (NIIF) as a Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations. NIIF is to be financed with Government’s own contribution along with equity participation from both foreign and domestic strategic anchor partners with Government’s share being 49%. The objective of NIIF is to maximise economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects and other nationally important projects.
Shri Arun Jaitley, Minister of Finance, Corporate Affairs and Information & Broadcasting, Government of India would be the Chief Guest and will address the Summit on February 4, 2016.
A booklet containing the list of possible infrastructure projects for funding will also be released during the Summit.
To facilitate detailed discussions on specific State Government projects and other projects, the entire day of 5th February, 2016 is going to see focused meetings with investors in various formats.
The Summit would showcase and discuss the huge long term infrastructure investment opportunities in India. The Government of India has already established National Investment and Infrastructure Fund (NIIF) as a Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations. NIIF is to be financed with Government’s own contribution along with equity participation from both foreign and domestic strategic anchor partners with Government’s share being 49%. The objective of NIIF is to maximise economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects and other nationally important projects.
Shri Arun Jaitley, Minister of Finance, Corporate Affairs and Information & Broadcasting, Government of India would be the Chief Guest and will address the Summit on February 4, 2016.
A booklet containing the list of possible infrastructure projects for funding will also be released during the Summit.
To facilitate detailed discussions on specific State Government projects and other projects, the entire day of 5th February, 2016 is going to see focused meetings with investors in various formats.
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