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India, Hong Kong sign double tax agreement

The agreement is "for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income"

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  • India and Hong Kong signed an agreement
  • The agreement is about prevention of double tax
  • This will help in curbing the taxes

India and Hong Kong on Monday signed an agreement to avoid double taxation and prevent tax evasion.

India’s Ambassador to China Gautam Bamabwale and Hong Kong’s Financial Secretary Paul Chan Mo signed the treaty.

A former British colony, Hong Kong is a special administrative region of China which enjoys a high degree of autonomy under which it has an independent taxation system.

Another step towards digitizing India
This move will prevent double taxation. Wikimedia Commons

The agreement is “for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income”, the Indian Embassy in Beijing said.

Also Read: Iran invites Pakistan to join Chabahar project with India

“This agreement will stimulate the flow of investment, technology and personnel from India to Hong Kong Special Administrative Region and vice versa, prevent double taxation and provide for the exchange of information between the two contracting parties,” the statement said. “It will improve transparency in tax matters and will help curb tax evasion and tax avoidance,” it added. IANS

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Vivo NEX with Pop-up Selfie Camera, 8GB RAM in India

The device runs Vivo's proprietary FunTouch OS 4.0 based on Android 8.1 Oreo

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Vivo
The pop-up selfie camera comes with an 8MP camera sensor. (IANS)

Upping the ante when it comes to innovation, Chinese smartphone maker Vivo on Thursday launched its made in India “NEX” smartphone with pop-up selfie shooter at Rs 44,990 in India.

The smartphone, that will be available for purchase both online and select retail stores from July 21, comes with an in-display fingerprint sensor and has high-end specifications including a Qualcomm Snapdragon 845 chipset, 8GB RAM and 128GB onboard storage.

The company also introduced a new “cooling system” on the smartphone which is dedicated to hardcore gamers and said the feature would will keep the device cool even during long sessions of gaming.

“The Vivo NEX smartphones are being manufactured at the company’s facility in Noida, Uttar Pradesh,” Nipun Marya, Head of Marketing Strategy, Vivo India, told reporters here.

Vivo-Nex
Chinese smartphone maker Vivo on Thursday launched its made in India “NEX” smartphone with pop-up selfie shooter at Rs 44,990 in India. (IANS)

The retractable front snapper of the device pops out in a jiffy while the 6.59-inch full-HD+ Super AMOLED “Ultra FullView” display with 19.3:9 aspect ratio doubles up as an earpiece, using the company’s “Screen SoundCasting” technology.

The smartphone sports dual rear camera set-up with 12MP+5MP sensors, 4-Axis OIS, slow motion, backlight HDR, live photo, portrait bokeh (dual cameras), panorama, time lapse, AR stickers and filters.

Also Read: Vivo Readying to Launch Products Across Price-points in India

The pop-up selfie camera comes with an 8MP camera sensor.

The device runs Vivo’s proprietary FunTouch OS 4.0 based on Android 8.1 Oreo. (IANS)

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