OECD – GKToday

OECD Services Trade Restrictiveness Index-STRI

The Organization for Economic Cooperation and Development recently released the Services Trade Restrictiveness Index. India ranked 47th. Last year, India was in the 46th position. Unfortunately, India remains...

February 17, 2023 Reports & Indexes Current Affairs

UNGA Resolution on International Tax Cooperation Framework

The United Nations General Assembly has unanimously adopted a resolution to develop an international tax cooperation framework or instrument based on a UN intergovernmental process. Nigeria submitted this...

November 28, 2022 International / World Current Affairs

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...

November 23, 2022 Economy & Banking Current Affairs

Crypto-Asset Reporting Framework

The Crypto-Asset Reporting Framework or CARF was recently released by the Organization for Economic Co-operation and Development (OECD). Key facts The CARF aims to ensure the collection and...

October 11, 2022 Economy & Banking Current Affairs

UK scraps tax cut for wealthy

In a policy reversal, the UK Prime Minister has scrapped the tax cut for the wealthy. This controversial tax cut had notably sparked market turmoil and caused the...

October 4, 2022 Economy & Banking Current Affairs

Canada’s digital services tax

Canada has decided to impose a digital services tax on large companies that sell various services in Canada. About the tax Under the new rules of the Canadian...

March 4, 2022 Economy & Banking Current Affairs

IEA’s Electricity Market Report

The International Energy Agency (IEA) released its early 2022 edition of the bi-annual Electricity Market Report. Key facts of the report As per report, countries are largely turning...

January 21, 2022 Reports & Indexes Current Affairs

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...

July 3, 2021

What is Significant Economic Presence (SEP) principle?

India recently notified Digital Tax threshold of two crore rupees and 300,00 users under the Significant Economic Presence principle. This threshold was notified for non-resident technology firms such...

May 4, 2021

European Union bans Export of Plastic Waste to poor countries

The European Union recently announced that it is to completely ban the exports of unsorted plastic to poor countries. The new rules of the European Union will amend...

December 24, 2020

Union Cabinet: MoU between India and Spain in Astronomy approved

On November 4, 2020, the Union Cabinet chaired by PM Modi approved the Memorandum of Understanding signed between India and Spain. The MoU will facilitate scientific and technical...

November 4, 2020

First Meeting of G-20 Anti-Corruption Working Group held

On October 22, 2020, the first ministerial meeting of G-20 anti-corruption working group was held. Saudi Arabia becomes the first country to host the meeting. Highlights The Anti-Corruption...

October 23, 2020

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Topic: OECD