The Centre will sell 26 per cent stake in defence equipment manufacturer BEML, making it the first major PSU to be sold through strategic disinvestment, which may fetch the exchequer over Rs. 1,000 crore.
Hindustan Zinc Gets Green Nod
Vedanta Group firm Hindustan Zinc Ltd (HZL) has got environment clearance for its Rs. 1,200 crore Zawar Mines expansion project in Rajasthan.
The world’s second largest zinc producer wants to expand the production capacity of lead-zinc and ore beneficiation at its Zawar Group of underground mines located in Sarada district.
India and Kazakhstan Agree to Amend Tax Treaty
India and Kazakhstan signed an agreement to amend the two-decade old bilateral tax treaty under which information exchanged between the two can be shared with other law enforcement agencies.
The protocol to amend the existing Double Taxation Avoidance Convention (DTAC) between the two countries provides internationally–accepted standards for effective exchange of information on tax matters.