April 16 - April 30, 2012
News Trends &; Analysis
India-UK Totalisation Agreement Postponed
The United Kingdom has postponed the decision to sign a Social Security Totalisation Agreement with India stating fiscal pressures following the global financial crisis. New Delhi had pushed hard for this Agreement as it impacted thousands of Indian professionals in the country, reports said.
Rates Cut to Spur Growth
Reserve Bank of India (RBI) has while announcing the annual monetary policy cut interest rates sharply, the first cut in three years, to push growth, reports said. The benchmark repurchase rates, which the RBI lends to commercial banks has been reduced to 8 per cent from 8.5 per cent.
SEBI to Ring-fence Against "Flash Crashes"
Market regulator Securities and Exchange Board of India (SEBI) has is looking to strengthen the risk management framework of stock markets to safeguard it against a “flash crash”- where value of a stock or index gets severely beaten due to a punching error or even a manipulative trade.
Consular Pacts With UAE
India and the UAE have signed an agreement to amend the double taxation avoidance treaty that will pave the way for greater sharing of tax related information between the two countries.
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