Advance Pricing Agreement (APA)
- An APA is a contract, usually for multiple years, between a taxpayer and at least one tax authority specifying the pricing method that the taxpayer will apply to its related-company transactions.
- It was introduced in IT act, 2012.
- It helps taxpayers voluntarily resolve transfer pricing disputes in a cooperative manner reducing the incidence of double taxation.
- It also involves resolving both the future and existing transfer pricing audits and adjustments.
- It fosters a non-adversarial tax regime.
- The Indian APA programme has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner.
- Unilateral APA – It involve agreements between only the taxpayer and one government.
- Bilateral APA – Tax payer enter into APA with more than one tax authority.
- Transfer Pricing - A transfer price is the price at which different divisions of a same company transact good or services with each other.
- Transfer pricing are used when individual entities of a large multi-entity firm are treated as separately run entities.
Tejaswini
- It is the Scheme under the Ministry of Finance for the socio-economic empowerment of Adolescent Girls and Young women.
- The project seeks to empower the adolescent girls with basic life skills and thereafter provide further opportunities to acquire market driven skill training or completion of secondary education.
- It has 3 main components - (i) Expanding social, educational and economic opportunities (ii) improve livelihood opportunities by developing participants' skills (iii) Strengthens women’s participation in local governance.
- Recently, India signed financing agreement with World Bank (International Development Association) for funding of this scheme.
East-Coast Economic Corridor
- It is India's first coastal corridor, covering 1,700 km of the country's coastline.
- The project is funded by Asian Development Bank (ADB).
- The first phase of financing from ADB will fund Vishakapatnam to Chennai Industrial Corridor to build key infrastructure in the four main centers along the corridor – Visakhapatnam, Kakinada, Amaravati, and Yerpedu-Srikalahasti in the State of Andhra Pradesh.
- Along with the ADB loans, the project also receives grant from the Urban Climate Change Resilience Trust Fund that is managed by ADB to build climate change resilient infrastructure.
Cattle Feed Knowledge Portal
- The National Dairy Development Board is an institution of national importance set up by an Act of Parliament of India.
- It was founded by Dr. Verghese Kurien to extend the success of the Amul to other parts of India.
- The major success of this mission was achieved through the World Bank financed Operation Flood, which was responsible for making India the world's largest producer of milk.
- It has recenlty launched the cattle feed knowledge portal as an interactive knowledge platform on various aspects of compound cattle feed production.
