In Today's article, you will read:
- India to tax investments through Mauritius from April 2017
- Solar Rooftop Project For Gujarat's citizens
- Nomura estimated 1.1% increase on GVA of India in 2015-16
- Most protein contained crop developed first time in India
India to tax investments through Mauritius form April 2017
India and Mauritius has signed the protocol for amendment of a two-decade- old Double Taxation Avoidance Agreement (DTAA) between the two countries. After this India will get taxation rights on capital gains arising from sale of shares acquired on or after 1st April, 2017 in Indian companies.
Earlier in 1983, India had signed a DTAA with the Mauritius and now an amendment to DTAC was signed in a bid to ensure that firms in Mauritius that invest in India are not just 'shell' companies who could earlier avoid paying capital gains tax in India. With the signing of this agreement amendment the Double Taxation Avoidance Convention (DTAC) with Mauritius, Sale of shares of an Indian resident company will be taxed at 50 per cent of the applicable rate between 1st April 2017, to March 31, 2019. Full capital gains tax will apply from April 1, 2019 onwards.
Questions:
- India has recently signed a revised tax treaty with which country?
- Extend the term DATC
Answers:
- Mauritius
- Double taxation Avoidance Convention
Solar Rooftop Project For Gujarat's Citizens
To increase the present solar power generation in Gujarat, the state government is now all set to launch its much awaited project of grid-connected rooftop solar power units, wherein residential property owners will be encouraged to install this new system. The Solar Rooftop project was initiated by Gujarat Energy Development Agency (GEDA), which is the state nodal agency to promote renewable energy.
In the current fiscal of 2016-17, GEDA has set a target of generating 50 megawatt (MW) of electricity by installing such rooftop solar photovoltic (SPV) units across Gujarat. This project of grid-Connected units has been proposed in the Gujarat Solar Power Policy, announced by state government in August 2015. The project of installing rooftop solar units would kick start once the identification of residential consumers as well as channel partners gets completed within couple of months. GEDA has decided to give Rs 10,000 subsidy for commissioning a unit of 1 KW. The subsidy is limited to the installation of 2KW.
Questions
- Which state government is launching Solar Rooftap Project for its citizens?
- Which organisation has initiated this project?
Answers:
- Gujarat
- Gujarat Energy Development Agency (GEDA)
Nomura estimated 1.1% increase on GVA of India in 2015-16
Real agricultural growth is expected to rise 1.1 percent in 2015-2016 despite below normal monsoon in the previous year, as per Nomura report. The Japanese financial services major has indicated that the ongoing diversification in the agriculture sector reduced volatility in farm income and agricultural outputs.
Composition of Indian agriculture changes form largely food-grain dominated sector to other core and ancillary activities such as horticulture and livestock. Reduced dependence on food-grain output is a reason why volatility in agricultural GDP growth has moderated. Despite below normal monsoon rainfall in 2015, real agriculture GVA growth is projected to rise 1.1 percent in FY16.
Questions:
- According to Nomura India's GVP to rise what percent in 2015-16?
- The financial services mojar Nomura based out of which country?
- Extend the term GVP
Answers:
- 1.1%
- Japan
- Gross value added
Most protein contained crop developed first time in India
The scientists of NRRI, Cuttack have developed CR Paddy 310 for the first time in the world which contains 11% protein while other species of rice generally contain protein only 6-7%. NRRI is carrying out researches on Doubled Haploid. They are developing a technique which after having been successful will lead the farmers not to purchase the seed of hybrid rice species form the market Through this technique the properties of hybrid rice will be transferred to other rice species.
NRRI, Cuttack has developed a very important mobile app named as "rice expert" through which farmers will get information about the different pests inflicting loss to their paddy farmers, new trends, nimetode, diseases related to paddy, different species of rice under different rice, agricultural devices and different activities after harvesting on their fields.
Questions:
- Scientists from which organisation has developed the most protein contained crop first time in the world?
- What is that crop?
- Extend the term NRRI
Answers:
- NRRI, Cuttack
- Paddy
- National Rice Research Institute
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