Ø India and
Qatar on Sunday agreed to share intelligence to combat ‘hawala’ transactions
and terror financing as the two countries signed seven agreements. The two
sides highlighted the need to “isolate” the sponsors and supporters of
terrorism and agreed that urgent action against all such entities which support
terrorism and use it as an instrument of policy, must be taken.
Ø The
Centre will soon establish an institutional framework for better collection and
analysis of data on India’s services export and import. The framework is likely
to include setting up of a nodal agency for international trade data in
services, creation of an international services trade business directory, and
provisions mandating enterprises to report their international services trade
to the proposed nodal agency, according to sources working on the proposed
framework. As a deterrent, there could be stringent penalties for misreporting
and for failing to report.
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