India-OECD Current Affairs, GK & News
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 ..
Month: Current Affairs - July, 2021
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: G20 Countries • G20-OECD tax framework • Global Minimum Tax Rule • India-G20 • India-OECD • OECD • Treaty Shopping
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 ..
Month: Current Affairs - May, 2020
Category: International Current Affairs
Topics: IBRD • IFC • India-OECD • International Centre for Settlement of Investment Disputes • International Development Association • OECD • US President Donald Trump • World Bank
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 ..
Month: Current Affairs - November, 2019
Category: Reports & Indexes Current Affairs
Topics: ASEAN • Energy • india-asean • India-OECD • OECD • Regional Economic Outlook
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 ..
Month: Current Affairs - July, 2019
Category: Economy & Banking Current Affairs
Topics: Base Erosion and Profit Shifting • BEPS • BEPS project • Covered Tax Agreements • double taxation avoidance agreements • Dtaa • G20 • India-OECD • Multilateral Convention to Implement Tax Treaty Related Measures • OECD • Tax avoidance