OECD
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 among the bottom five countries in the ranking. Russia was in the ..
Month: Current Affairs - February, 2023
Category: 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 resolution on behalf of a consortium of 54 African countries. Why is ..
Month: Current Affairs – November, 2022
Category: 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 its latest economic outlook report. What are key findings of the report? ..
Month: Current Affairs – November, 2022
Category: Economy & Banking Current Affairs - 2024 • Reports & Indexes 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 automated exchange of information on crypto assets with jurisdictions of taxpayers’ residences ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs - 2024 • International / World 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 Pound to plunge to record low values. Key facts On September 23, ..
Month: Current Affairs - October, 2022
Category: Economy & Banking Current Affairs - 2024 • International / World 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 government, a 3% digital services tax will be imposed on the companies ..
Month: Current Affairs - March, 2022
Category: Economy & Banking Current Affairs - 2024