India, Japan sign protocol to amend double taxation avoidance pact India and Japan have signed an agreement to amend the convention for double taxation avoidance and prevention of evasion of income tax for effective exchange of information in tax matters including bank accounts. The existing convention was signed way back in 1989. The protocol provides for internationally accepted standards for effective exchange of information on tax matters including bank information and information without domestic tax interest.
Pakistan’s Shaheen-III Ballistic Missile test fired successfully Pakistan has successfully test-fired nuclear-capable medium-range Shaheen-III surface-to-surface ballistic missile which can carry nuclear warheads up to 2,750 kms bringing many Indian cities within its range. The test flight of the missile was aimed at validating various design and technical parameters of the weapon system. The impact point of the missile test was in the Arabian Sea, it successfully validated all desired parameters. It is a land-based surface-to-surface medium range ballistic missile. Shaheen-III was successfully test fired for the first time by military service on 9 March 2015.
India slaps import duty on stainless steel The Government of India on December 11 imposed anti-dumping duty of up to 57.39 per cent on import of certain stainless steel products form China, Korea, the US and EU for five years to save the domestic industry from cheap shipments. The duty in the range of 5.39 to 57.39 per cent of the landed value of ‘cold-rolled Flat’ products of stainless steel has imposed on the recommendation of Directorate General of Anti-dumping and Allied Duties (DGAD). The anti-dumping duty will be 57.39 per cent on the imports from China, 5.39 to 13.44 per cent from South Korea, 15.93 per cent from Chinese Taipei, 9.47 per cent from the US, 29.47 to 52.56 per cent from the European Union, 4.58 -5.39 per cent from Thailand and 12.34 to 36.91 per cent from South Africa.
Naseeruddin Shah awarded lifetime achievement at 12th DIFF Veteran Bollywood actor Naseeruddin Shah was honoured with the lifetime achievement award at the Dubai International Film Festival (DIFF). Along with Naseeruddin Shah French actress Catherine Deneuve, Egyptian actor Ezzat Al Alayli and French-Tunisian actor Sami Bouajila also won the lifetime achievement award. The Dubai International Film Festival (DIFF) is an annual film festival held in Dubai, United Arab Emirates. The film festival was started in year 2004.
Indian cyclist became World No. 4 Cyclist Indian cyclist Deborah Herold on 11 December 2015 became the first Indian female cyclist to be ranked fourth in the World Elite Women Ranking for the 500m time trial event. The ranking was issued by cycling world body International Cycling Union (UCI). India is the highest ranking Asian country in 500m time trial. China fetched the 15th spot in the ranking. Deborah is a tribal girl from Andaman and Nicobar Islands. In October 2015, Deborah became the first ever Indian to win five medals at the Taiwan Cup Track International Classic, including a gold, three silver and a bronze. In November 2014, the Indian cyclist had won four gold medals at the Track Asia Cup Cycling Championship 2014.