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Finance Ministry notified about its agreement with Brunei:

Ministry of Finance appraised the Government of India about the agreement between India and the Government of Brunei Darussalam. 
Agreement Highlights:
♦ The Agreement will enable the exchange of information, including banking and ownership information, between the two countries for tax purposes. 
♦ The agreement is based on international standards of tax transparency and exchange of information and enables the sharing of information on request and automatic exchange of information. 
♦ The Agreement also provides for representatives of one country to undertake tax examinations in the other country. It provides assistance in the collection of tax claims.
♦ It will also enhance mutual co-operation between the two countries by providing an effective framework for the exchange of information in tax matters in order to curb tax evasion and tax avoidance.
The agreement was signed on 28 February 2019 in New Delhi. The agreement was signed for the exchange of information and assistance in collection with respect to taxes. 
The Central Government is authorized under section 90 of the Income Tax (IT) Act, 1961, to enter into an agreement with a foreign country or specified territory for exchange of information for the prevention of evasion or avoidance of income-tax chargeable under the Income Tax Act, 1961.
Brunei Darussalam:
Sultan and Prime Minister: Hassanal Bolkiah
Crown Prince and Senior Minister: Al-Muhtadee Billah
Capital: Bandar Seri Begawan
Currency: Brunei dollar (BND)
APEDA, SFAC signed MoU to improve productivity and quality of the varieties of crops:
Agricultural and Processed Food Products Export Development Authority (APEDA) has signed MoU with Small Farmers Agribusiness Consortium (SFAC) on 18 March 2020. The MoU was signed by Ms. Neelkamal Darbari, Managing Director SFAC and Mr. Paban Kumar Borthakur, Chairman, APEDA. 
MoU provisions:
♦ As per the MoU, SFAC will share a list of all clusters in various states with APEDA for achieving scale and aggregation with export orientation.
♦ APEDA and SFAC will jointly work together to link up the Farm Producer Organizations (FPOs) with the exporters to achieve the goal and double the farmers` income.
♦ Both the organization will work towards capacity development, outreach programs, awareness programs, and workshops of various stakeholders.
♦ APEDA and SFAC will work together to showcase to the Indian and Global Market, the products, technologies, processes, knowledge, and services by the FPO sector stakeholders through a variety of modes as may be identified by them from time to time.
♦ APEDA will facilitate certification of organic produce /areas by the FPCs assisted or identified by SFAC.
♦ The MoU will start an Agri-Business Promotion Unit in the North East and to mentor and handhold the FPOs in North East.

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