Dec 31 2016

  • India and Singapore signed a Third Protocol on December 30, 2016, for amending the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
  • India and Singapore signed a Third Protocol on December 30, 2016, for amending the Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.
  • The President of India Shri Pranab Mukherjee approved the promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 on 30th December, 2016.
  • Sikkim has emerges as the India’s first fully organic state by converting around 75,000 hectares of agricultural land into sustainable cultivation.
  • Sikkim was conferred with the overall best state in education in June. Kanchenjunga National Park in West Sikkim was declared a UNESCO World Heritage site by the world heritage site committee on July 17.
  • Mori village under Sakhinetipalli mandal in East Godavari district of Andhra Pradesh placed on India’s digital map by transforming completely into a Smart Digital Village said by Andhra Pradesh CM Chandrababu Naidu
  • Indian state-owned banking and financial services company Bank of Baroda has launched an agricultural investment credit for the farmers in Sri Ganganagar, Rajasthan on December 31, 2016
  • The Reserve Bank of India (RBI) has extended the period of enhanced Prepaid Payment Instruments (PPI) limit of Rs 20,000 to meet the needs of people to perform digital payments.
  • The Centre on December 30 announced that it has extended the last date for availing the Direct Tax Dispute Resolution Scheme to January 31, 2017 from the earlier deadline of December 31, 2016.
  • Mother Dairy Fruit & Vegetable Pvt Ltd  was introduced Aadhar enabled payment system in its booths and ‘Safal’ retail stores.
  • An Indian-origin British professor of chemistry, Shankar Balasubramanian, received a Knighthood from Queen Elizabeth II for his contribution to the field of science and medicine at the New Year Honours announced on December 30, 2016.
  • Mumbai’s  Kush Bhagat made history on December 29 after winning three gold medals in the 1st Western Asia Youth Chess Championship held in Al Ain Chess Club, UAE.
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