India to become largest milk producer in 2026: OECD-FAO report

According to recently released OECD-FAO Agricultural Outlook 2017-2026, India will be the world’s largest milk producer by 2026 and will account for the biggest increase in wheat production globally. Key Highlights of Report Population Growth Over the ten-year outlook period, ..

Month: Current Affairs - July, 2017

Seven new countries join BEPS agreement

Seven new countries Lithuania, Gabon, Hungary, Indonesia, Malta, Mauritius and Russia – have signed Multilateral Competent Authority Agreement for Country-by-Country Reporting (CbC MCAA). With this, the total number of signatories has increased to 57 including India (signed in May 2015). ..

Month: Current Affairs - January, 2017

India, Switzerland sign Joint Declaration for implementing AEOI

India and Switzerland have signed a Joint Declaration for implementation of Automatic Exchange of Information (AEOI) in respect of accounts of Indians held abroad. Under the pact, both countries will start collecting data in accordance with the global standards in ..

Month: Current Affairs - November, 2016

India, China and four others courtiers sign pact on tax info sharing

India and other 5 countries viz. Canada, Iceland, Israel, New Zealand and China have signed OECD’s (Organisation for Economic Co-operation and Development) Multilateral Competent Authority Agreement in Beijing (China). The multilateral agreement aims at boosting automatic exchange of information on ..

Month: Current Affairs - May, 2016

31 OECD members signed corporate tax avoidance deal

31 Organisation for Economic Co-operation and Development (OECD) members have signed corporate tax avoidance agreement in a bid to stem fiscal (tax) evasion by multinational companies (MNCs). The new agreement is about sharing information between members rather than a new ..

Month: Current Affairs - January, 2016

Base Erosion and Profit Shifting

Base Erosion and Profit Shifting (BEPS) has emerged as one of the most important challenges for the governments across the world today. The globalization, privatization and liberalization has resulted into free movement of capital and labour, shift of manufacturing base ..