India and Israel signed pacts on DTAA & Cultural Exchange

India and Israel have signed two agreements to enhance bilateral cooperation. The agreements were inked after President Pranab Mukherjee, who was in Jerusalem on the final leg of his tri-nation tour to West Asia, held a meeting with his Israeli counterpart Reuven Rivlin. During this visit to Israel, President Mukherjee also addressed the Knesset (Israeli Parliament). He also visited the Holocaust Museum.

The Agreements are,

  • A cultural exchange programme for 2015-2018
  • The amendment to the protocol on Double Taxation Avoidance Agreement

The pact on tax avoidance will help plug loopholes in tax evasion and ensure that the Indian or Israeli companies are taxed only where they have permanent establishments.

Test Your GK

Who is the present Prime Minister of Israel?

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Answer – Benjami Netanyahu

The countries visited by the President Pranab Mukherjee in the current Tri-Nation tour are

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Answer – Jordan, Israel, and Palestine.