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US-India Tax Forum to be launched on Feb 25
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SME Times News Bureau | 23 Feb, 2020
In a bilateral initiative intended to facilitate industry players and
government agencies engage on global and local tax policies, the
US-India Strategic Partnership Forum (USISPF) will launch the US-India
Tax Forum on Tuesday (February 25) .
The forum will bring over 50
tax experts from Fortune 500 companies together with senior officials
from the Ministry of Finance, Central Board of Direct Taxes (CBDT), the
GST Council and Central Board of Indirect Taxes and Customs (CBIC), the
USISPF said in a statement on Sunday.
"The forum will meet on a
regular basis with the government to share feedback on tax policy
transparency and efficiency. It will also work with the government to
ensure tax policy harmonization between multilateral and unilateral tax
treaties," it said.
On Tuesday, USISPF, along with the Federation
of Indian Chambers of Commerce and Industry (FICCI) and Observer
Research Foundation (ORF) will also convene the US-India Forum, a
gathering of current and former Indian and US government officials and
private sector leaders.
US President Donald Trump will arrive in India on Monday on a two-day visit.
USISPF
President and CEO Mukesh Aghi said: "President Trump's visit will
undoubtedly strengthen the commercial and strategic between the world's
oldest and largest democracy. Bilateral trade has gone up 12 per cent to
$160 billion 2019, indicating the strength of the commercial
partnership. On the strategic side, US now conducts maximum number of
military exercises with India, including 'Operation Malabar', which has
increased in its scope and complexity over the years."
"USISPF looks forward to celebrating the burgeoning multifaceted partnership between the United States and India," Aghi added.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹84.00
|
₹82.25 |
UK Pound
|
₹104.65
|
₹108.10 |
Euro
|
₹92.50
|
₹89.35 |
| Japanese
Yen |
₹56.10 |
₹54.40 |
| As on 25 Jul, 2025 |
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