India Austria Social Security Agreement
India and Austria have recently signed a social security agreement, which is seen as a significant step towards strengthening the bilateral relationship between the two countries. The agreement between India and Austria will help in the facilitation of the movement of professionals between the two countries and provide social security benefits to those professionals who have been working in the other country.
The social security agreement between India and Austria covers a range of benefits, including old-age pensions, disability insurance, survivor benefits, and medical treatment. It is expected to benefit over 8,000 Indian professionals working in Austria. This social security agreement will provide social security coverage to these professionals, which will be applicable to them and their family members.
The agreement is expected to benefit professionals who are working in a temporary capacity in the two countries. The agreement will help these professionals to avoid being subjected to double taxation on their social security contributions. It will also help in the transfer of social security benefits from one country to the other.
The signing of the agreement between India and Austria is seen as a major milestone in the bilateral relationship between the two countries. The agreement is expected to enhance the economic ties between the two countries and boost investments in various sectors.
The agreement also highlights India`s growing importance as a global player in the field of social security. It is seen as a testament to the country`s growing role in the global economy and its rise as a major player in international trade.
With the signing of this agreement, India has now entered into social security agreements with 18 different countries. These agreements are aimed at providing social security benefits to Indian professionals working in other countries and strengthening the country`s economic ties with these countries.
In conclusion, the social security agreement between India and Austria is a significant step towards strengthening the bilateral relationship between the two countries. The agreement will help in the facilitation of the movement of professionals between the two countries and provide social security benefits to those professionals who have been working in the other country. It is expected to benefit over 8,000 Indian professionals working in Austria and highlights India`s growing importance as a global player in the field of social security.