Monday, Sep 25th

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Poverty & Food Mgmt.

Poverty & Food Mgmt.

DTAAs : to curb black money

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Basically DTAAs are those pacts that seek to eliminate double taxation of income or gains arising in one country and paid to residents or companies of another. In other words, the treaty is devised to ensure that the same income is not taxed twice. In a bid to curb the growing menace of black money, the Government of India has written, under revised tax treaties, some countries to freeze the assets of Indians that have not been declared in India and repatriate the money. It is important to note that India has renegotiated Double Taxation Avoidance Agreements (DTAAs) with 29 out of the 79 countries with which it has such agreements, including the US, Mozambique, Tanzania, Ethiopia, Colombia and Norway. Further, India has also involved into the process of revising DTAAs with Switzerland and Mauritius as well.

Food Security: Need to establish food democracy

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Over one billion hungry people go to bed every day all over the world; this can be termed as our most tragic achievement in modern days. We have to reclaim our right to food, nutrition and food safety. The need is to produce food where the poor and hungry live and to boost agricultural investment in these regions. Food democracy is the new agenda for ecological sustainability and social justice. The FAO World Food Summit in 1996 had concluded that about 840 million people (15 per cent of population)are undernourished and that under current prospects this