Tuesday March 20, 2018
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PM Modi expresses condolences to Lahore blast victims

Image Source: asiantribune.com

New Delhi: Indian Prime Minister Narendra Modi telephoned his Pakistani counterpart Nawaz Sharif after the Lahore park blast that killed at least 65, and expressed his condolences.

“PM Narendra Modi called Pakistan PM Nawaz Sharif to express his deep condolences at the terrorist attack in #Lahore,” Ministry of External Affairs Spokesperson Vikas Swarup tweeted.

Terming the attack as cowardly for targeting women and children, Modi underlined the need for ‘uncompromising efforts’ to fight terror.

“During the conversation, PM Narendra Modi underlined the need for uncompromising efforts to fight against terrorism.”

At least 69 people were killed and over 250 injured, mostly women and children, when a powerful blast ripped through a public park in Lahore where Christian families were celebrating Easter on Sunday.

Credits: IANS

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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"

  • 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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