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Ram'S Ias Study Circle: 29-03-2019 - Current Affairs
Ram'S Ias Study Circle: 29-03-2019 - Current Affairs
Ram'S Ias Study Circle: 29-03-2019 - Current Affairs
Background
The move comes weeks after the 1267 Sanctions Committee failed to
designate Azhar as a terrorist, after China placed a hold on a listing
request that the U.S., the U.K., and France had brought before the
Committee.
That listing request — the fourth such unsuccessful one in a decade —
followed the February 14 suicide attack on a CRPF convoy in
Pulwama in Jammu and Kashmir.
The United Nations Security Council (UNSC) is one of the six principal
organs of the United Nations and is charged with the maintenance of
international peace and security.
India and the United States have signed an Inter-Governmental Agreement for
Exchange of Country-by-Country (CbC) Reports.
This Agreement for Exchange of CbC Reports, along with the Bilateral
Competent Authority Arrangement, will enable the countries to
automatically exchange CbC Reports filed by the parent entities of
Multinational Enterprises (MNEs) in the respective jurisdictions with
effect from January 1, 2016.
It would also obviate the need for Indian subsidiary companies of US
MNEs to do local filing of the CbC Reports, thereby reducing the
compliance burden.
India has already signed the Multilateral Competent Authority
Agreement (MCAA) for Exchange of CbC Reports, which has enabled
exchange of CbC Reports with 62 jurisdictions.
President Ram Nath Kovind was recently honoured with Croatia’s highest
civilian order – The Grand Order of the King of Tomislav.
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