Once the Double Taxation Avoidance Agreement (DTAA) is ratified at the Parliaments of India and Switzerland, India will be given access to the information it wants on bank deposits and accounts of Indians.

BANGALORE: Once the Double Taxation Avoidance Agreement (DTAA) is ratified at the Parliaments of India and Switzerland, India will be given access to the information it wants on bank deposits and accounts of Indians.

Switzerland’s Ambassador to India H E Philippe Welti disclosed this here on Friday.

At a session on ‘Switzerland- India: A strong partnership, investment & business opportunities’, he said the Indian Parliament was ready to ratify the DTAA and Switzerland would do it soon.

Switzerland, Welti said, still had distinction between tax fraud and tax evasion.

“While tax fraud is a crime, tax evasion is not, though it is prohibited in our country.

We have strict rules for banks and have signed about 70-75 bilateral treaties and agreements with several SAARC countries,” he explained.

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Taiwanese handset maker HTC launched its Android-based smartphone, Sensation, in the Indian market, priced at Rs 32,700 to take on the likes of Apple's iPhone 4 and Samsung's Galaxy S II.

The smartphone features Qualcomm's 1.2 Ghz Snapdragon processor, which will enhance the computing speed of the device.
"We have strong plan to penetrate into the Indian market in the next one to two years and want to be a leading brand in smart phone market in India. Products like these will help us in consolidating our position here," HTC Corporation president (South Asia Pacific) Lennard Hoornik told reporters here.

The handset is equipped with a 4.3-inch touch screen and an eight megapixel camera. The handset also comes with an 'instant camera capture' feature, which offers faster shutter speed allowing users to click photographs faster.
Asked about the challenges the company faces in smart phone market in India, Hoornik said though this is a huge market, it would take some time to reach out to the entire market.
According to industry estimates, current smartphone sales are about five million a year, and it is expected to grow to about 8 million units in annual sales next year.
Growing smartphones sales are expected to get a further fillip with the roll out of 3G services in the country. 3G services, which offer high-speed Internet access, have already been doled out by operators like Bharti airtel, Vodafone, Idea Cellular and Aircel.
India is the world's second-largest market, after China, for telecom services with 826.93 million subscribers at the end of April, 2011.
US-based Apple has launched its iPhone 4 in India and rivals Nokia, Samsung and LG are also introducing newer smartphones to stay ahead in the heated smartphone race

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98 kilos of gold, 11.56 crore in cash, and 307 kilos of silver were discovered from the private chambers of Sri Sathya Sai Baba's at his ashram Yajur Mandir in Puttaparthi

The spiritual and religious guru of millions died on April 24.

Sai Baba's chambers were locked up after he fell ill in late March and was moved to a local hospital.

The room was opened last evening by members of the Trust and Satyajit, who was Sai Baba's personal assistant. Two senior retired judges were present.  An assessor approved by the Income Tax Department assisted in evaluating the gold, jewellery and silver, according to Trust member and Sai Baba's nephew R J Ratnakar.

"The cash found in the Yajur Mandir has been deposited in the account of the Trust in State Bank of India, Prasanthi Nilayam," Mr Ratnakar told reporters here.

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How to identify a Software Engineer ? 11 Characteristics :

1. He/She never bargains… No wonder things have become so costly!
2. When a cab/bus passes by and you see all the commuters in it are sleeping like they haven't slept for years…
3. Dilbert or Calvin is their favorite cartoon…
4. Words like issues, tracker, raising requests, buzz/ping, compile, delete [unlike erase or rub it off], onsite [n not abroad is what 'foreign land' is called] are the ones that would be used by 'default'…
5. Weekends are holy words… they are like a salvation one seeks for…
6. "Wazzzup", "Hows life?", are few obvious questions one will be greeted with which would be immediately followed by "how's work?"
7. Salaries, work etc are always better or in good shape in other companies than the one he/she is currently in…
8. They don't send or take things… they always forward them!
9. Drinking coffee is the most pleasurable thing they think they do in the entire day…
10.Mondays are always blue…
11.All of them will have a dream to do something in life and that something would never be what they are doing right now…:-)

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Get Maharashtra Health and Technology Common Entrance Test - MHT CET 2011 Results online date 14

MHT CET 2011 results date is 14th June 2011. MHT CET results 2011 Maharashtra are expected to be announced tomorrow on Tuesday. MHT CET 2011 results will be published here as soon as it will be announced by Directorate of Medical Education & Research, Maharashtra (DMER Maharashtra) & DTE Maharashtra. Final merit list will be published on 25th June 2011.

Maharashtra Health and Technology Common Entrance Test (MHT CET 2011) was held to fill more than 7,000 medical seats, 1,00,000 engineering seats and 9,000 pharmacy seats.

Get MHT CET 2011 results:

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Eminent painter Maqbool Fida Husain passes away in London of heart attack , m f hussain paintings controversy, m f hussain paintings madhuri dixit, m f hussain controversial paintings

Renowned painter MF Hussain passed away in London today. Hussain, aged 95, died of Heart attack at 2:30 am today - 9th June 2011

Maqbool Fida Husain, commonly called as MF Hussain is termed as Picasso of India for his artistic works. Many of his paintings has drawn controversy in India and Abroad which led to death threats.

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