CCEA nod to continuation of JNNURM to sanction new projects till March 31, 2014

The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) has been given approval by the Cabinet Committee on Economic Affairs (CCEA) to continue to sanction new projects and capacity building activities till March 31, 2014 under Urban Infrastructure and Governance (UIG) and Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT) components of JNNURM.
The decision will enable provisioning of creation of urban infrastructure, especially in small and medium towns, in all States and UTs. These projects would be subsumed in the next phase of the JNNURM for the 12th Five Year Plan.

BRICS identify areas of tax policy and administration for mutual cooperation

The BRICS (Brazil, Russia, India, China, and South Africa) substantiated their commitment to encourage closer coordination and identified seven areas of tax policy and administration for broadening mutual cooperation.

Key areas identified for cooperation:

  • Development of global standards on ‘International taxation and transfer pricing’
  • Strengthening of the enforcement processes
  • Sharing of best practices and capacity building
  • Sharing of anti-avoidance and non-compliance practices
  • Promotion of effective exchange of information
  • Capacity building, improvement of systems
  • Sharing of resources, knowledge and best practices
Month:  Categories: International