Seychelles - Current Affairs Questions and Answers

ANSWER: Seychelles

Explanation:
Union Cabinet has provided ex post facto approval for protocol for cooperation in the field of blue economy signed between the two nations in August 26, 2015. Protocol lays down the modalities and mechanism of cooperation between the two parties for ocean studies as well as scientific exploration and exploitation of sea based resources, for sustainable development and economic purposes. It will enhance strategic cooperation in the field of blue economy while increasing commercial benefits from human resources expertise and technology export. Cooperation with Seychelles in the blue economy will provide data on ocean based resources as well as technology and expertise sharing in the field of R&D apart from furthering domestic innovation in ocean research and technology.

ANSWER: Seychelles

Explanation:
The cabinet has approved the signing and ratification agreement between India and Seychelles for exchange of information with respect to taxes. The Agreement will stimulate the flow of exchange of information between India and Seychelles for tax purposes, which will help curb tax evasion and tax avoidance. The Union Cabinet also gave its approval for the signing of the revised Air Services Agreement (ASA) between India and Seychelles to modernize and update the existing ASA signed in 1978.