Question: An approval for signing and ratification of a Treaty between India and Brazil has been given by cabinet recently? This treaty is concerned with:
(a) Vocational Education and Training
(b) Investment Cooperation and Facility Treaty
(c) Dual taxation avoidance and fiscal evasion
(d) Mutual cooperation and technical support
Answer: (b)
Related facts:
- On November 30th, 2017 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratification of the Investment Cooperation and Facilitation Treaty (ICFT) between India and Brazil.
- The Treaty will result in increase of investment flows between the two countries.
- The ICFT between India and Brazil will provide appropriate facilitation to Brazilian investors in India and Indian investors in the Brazil.
- It would help project India as a preferred Foreign Direct Investment (FDI) destination to all Brazilian investors.
Reference:
http://pib.nic.in/newsite/mbErel.aspx?relid=174003