India-OECD Current Affairs, GK & News

OECD India FY23 GDP Forecast

The Organisation for Economic Co-operation and Development (OECD) recently slashed India’s GDP forecast for the current financial year (FY2023) from 6.9 per cent to 6.6 per cent in its latest economic outlook report. What are key findings of the report? The GDP forecast was cut down by the OECD because of the higher medium-term global ..

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OECD FY23 growth forecast for India

The Organisation for Economic Cooperation and Development (OECD) has reduced India’s growth to 6.9% growth in Financial Year 2023 from 8.1% estimated earlier. Key Facts Growth was also slashed to 6.2 percent in 2023. OECD further expects policy rate to increase to 5.3% by the end of 2022 and remain same in 2023. It is ..

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India joins G20-OECD Tax Framework deal

India and majority members of OECD and G20 Inclusive Framework on Base Erosion & Profit Shifting adopted a high-level statement that outlines a consensus solution in a bid to address tax challenges that are arising from digitalisation of economy. Key Points This proposed solution comprises of two components: First pillar is about reallocation of additional ..

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Indian American nominated as OECD Envoy by the US President Trump

On May 6, 2020, the US President Donald Trump appointed Indian American Diplomat Manisha Singh as his envoy to OECD (Organization for Economic Cooperation and Development). Highlights Manisha Singh was the secretary of State for Economic and Business Affairs. She will now act as US representative to OECD. She had also served as secretary of ..

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OECD: Economic Outlook for South East Asia

The Organization for Economic Co-operation and Development released its report in Economic Outlook for South East Asia. The report was presented at the ASEAN summit, 2019. This year the title of the report is “Reponding to Environmental Hazards in Cities” Highlights India’s GDP will grow at the rate of 6.6% in the years 2020-2024. This ..

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India ratifies OECD’s convention to check Tax Evasion

India has ratified Multilateral Convention to Implement Tax Treaty Related Measures (MLI) to prevent Base Erosion and Profit Shifting (BEPS). It will pave way for amendments to double taxation avoidance agreements (DTAA) with countries signatories to convention to plug revenue leakages. The provisions enshrined in framework will come into effect from fiscal year 2020-21 for ..

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