Saturday , July 24, 2021 |   09:53:14 IST
About Us Contact Us Newsletters
TP - If no adjustment can be made in respect of transaction with unrelated parties u/s 92, then DRP should call for required details, rather than adjudicating on non-AE transactions: ITAT (See 'Breaking News') TP - New proviso to Sec 40A is saving clause by virtue of which, any specified transaction on or before April 01, has to be tested as per provisions of Sec 92C: ITAT (See 'Breaking News') Global Economy in COVID-induced coma - India needs to clear 'political fog' & take bold decisions (See '') DTAA - Payment made by resident distributors to foreign suppliers for purchase of shrinkwrapped software, does not amount to royalty: ITAT (See 'Breaking News') I-T - Contradictions due to complex web of arrangements involving large number of entities in several jurisdictions in fragmented manner, cannot be put against bonafides of tax demands at stage of stay: ITAT (See 'Breaking News') TP - Power of reassessment of AO for collecting evidences or informations from TPO cannot be crippled down by wrongly interpreting Section 92CA(2B) or (2C): HC (See 'Breaking News') Tax collections in Asia hit by pre-COVID recession: OECD (See 'TII BREIF') Pure software developer is not comparable to software product company having huge intangible asset & brand value: ITAT (See 'Breaking News') DTAA - Project office of foreign company which merely acts as 'communication channel' without any authority to conclude contract, cannot be termed as 'PE': ITAT (See 'Breaking News') Simply because appeal by Revenue is revived at instance of assessee because of its proceedings in HC, that would by no stretch of imagination make such appeal before ITAT, an appeal by assessee u/s 253 of I-T Act: HC (See 'Breaking News') HANDLING OF SEIZED GOODS UNDER THE CUSTOMS ACT, 1962 (See TOG 'THE INSIGHT') TP - Captive service provider cannot be selected as comparable in absence of segmental information and huge functional difference: ITAT (See 'Breaking News') TP - Entity which has committed fraud, as per findings of SEBI regulations, cannot be considered as good comparable for captive service provider: ITAT (See 'Breaking News')
Home >> News Brief

ADB to support its fragile, conflict-affected members
By TII News Service
Jun 15, 2021 , Manila


THE Asian Development Bank (ADB) on Tuesday said it has launched a new Fragile and Conflict-Affected Situations and Small Island Developing States Approach (FSA) to guide its support for its most vulnerable Developing Member Countries (DMCs).

The approach introduces flexible processes and procedures that will allow ADB to tailor interventions to the specific challenges of Fragile and Conflict-Affected Situations (FCAS) and Small Island Developing States (SIDS), with the goal of improving project results.

"The FSA will change the way ADB designs, implements, and monitors projects in its most fragile DMCs," said ADB Advisor for FCAS Mr Samuel Tumiwa.

This will be done by expanding training for staff to work more effectively in these countries and through the introduction of tools such as fragility and resilience assessments that will provide project planners and country teams with a comprehensive overview of risks and factors that affect resilience, such as climate change, weak governance, and conflict.

ADB is the first multilateral development bank to bring FCAS and SIDS together under a single operational approach. The FSA Action Plan, 2021–2025, comprises the following operational approaches: applying risk-informed decision-making; improving FCAS and SIDS classification criteria; assessing fragility and resilience; integrating FCAS and SIDS contexts into planning and implementation processes; developing analytics and knowledge products; strengthening ADB’s capacity for operating in FCAS and SIDS; expanding partnerships and coordination with DMCs; increasing innovative private sector engagement; and adopting a communication and engagement strategy.

Countries are classified as FCAS based on an assessment of the quality of macroeconomic management, coherence of structural policies, the degree to which policies and institutions promote equity and inclusion, quality of governance and public sector management, and performance of concessional assistance project portfolio.

ADB classifies 11 countries as FCAS: Afghanistan, the Federated States of Micronesia (FSM), Kiribati, the Lao People’s Democratic Republic, the Marshall Islands, Myanmar, Nauru, Papua New Guinea, Solomon Islands, Timor-Leste, and Tuvalu.

Sixteen ADB DMCs identify themselves as SIDS: the Cook Islands, the FSM, Fiji, Kiribati, Maldives, the Marshall Islands, Nauru, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor-Leste, Tonga, Tuvalu, and Vanuatu.

More than 500 stakeholders contributed to the development of the FSA through their participation in consultations from September, 2020 to March, 2021. Participants included government counterparts from FCAS and SIDS countries, bilateral development agencies, civil society organisations, representatives of multilateral development banks, and key ADB departments and sector and thematic groups.

  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
    A Taxindiaonline Website. Copyright © 2010-2020 | Privacy Policy | Pvt.Ltd. All rights reserved.