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2011 February Bilateral Issues




India and Iran arrived at a settlement and agreed to use 'euro' to pay for Iranian crude oil through a german bank.





India signs tax treaty with British Virgin Islands

At checking the growth of black money and the same being stashed abroad, India announced it had entered into a pact with the British Virgin Islands for exchange of information to check tax evasion and money laundering.

This is the third Tax Information Exchange Agreement (TIEA) — as it is known in the parlance of the Organisation for Economic Co-operation and Development — signed by India. “India and British Virgin Islands have signed a Tax Information Exchange Agreement (TIEA) in London



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