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The Cabinet on Wednesday gave its approval to an agreement with Iran aimed at plugging double taxation and fiscal evasion. An official statement said this will encourage flow of investment, technology and personnel between the two countries.
The agreement also allows exchanging information between the two nations. This is expected to improve transparency in tax matters and help curb tax evasion as well as avoidance, the statement added.
A Memorandum of Understanding (MoU) between India and Sri Lanka for promoting cooperation in the field of Information Technology and Electronics (IT&E) also got the Cabinet’s nod.
An official statement said the MoU was signed in January this year. The MoU shall be implemented by establishing a Working Group on IT&E of representatives of the two countries. Bilateral cooperation in information and communications technology domain both for business to business and government to government will be enhanced.
The MoU intends to promote closer co-operation in the areas of e-governance, m-governance, e-public services delivery, cyber security, software technology parks, and the start-ups ecosystem among others.
The Cabinet also gave an ex-post-facto approval for the MoU between India and Iran for cooperation in the field of agriculture and allied sectors. The MoU was signed in February during the Iranian President, Hassan Rouhani’s visit to India. Under the MoU, a Joint Working Group (JWG) will be formed to monitor the activities carried to fulfil this MoU.
Another MoU between India and Iran, on cooperation in the field of health and medicine, also got the Cabinet’s nod. This too was also signed during Rouhani’s visit in February. The MoU covers exchange experience in training of medical doctors and other health professionals, assistance in development of human resources and setting up of health care facilities, regulation of pharmaceuticals, medical devices and cosmetics and exchange of information among others.
A MoU between India and Iran in the field of Traditional Systems of Medicine also got the Cabinet’s nod.
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