i.In a move aimed at combating black money stashed abroad, India signed an agreement with Switzerland that would allow automatic sharing of tax-related information from January 1, 2018.
ii.The agreement was signed by CBDT chairman Sushil Chandra and Swiss Ambassador to India Andreas Baum at the North Block.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam- Switzerland Capital-Bern, President-Doris Leuthard
News 02 :-Loan Agreement Signed Between India & Germany for Pare Hydroelectric Plant Project
- A loan agreement has been signed between India and Germany for providing additional funding of
EUR 20 million for the Pare Hydroelectric Plant project under Indo-German Bilateral Development Cooperation.
- The objective of the project is the generation of hydroelectric power for the socio-economic development of the North Eastern region. The government of Germany signed a loan agreement with
North Eastern Electric Power Corporation (NEEPCO) for providing EUR 80 million with the government of India's guarantee for the Pare Hydroelectric Plant project.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
- Germany Capital- Berlin, Currency- Euro , Chancellor- Angela Merkel.
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