Organisation for Economic Co-operation and Development (OECD) Current Affairs, GK & News

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 this UNGA resolution significant? The proposed UN framework on global tax cooperation will put an ..

Month: 

Category: 

Topics: 

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 ..

Month: 

Category: 

Topics: 

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 to fossil fuels for meeting the increase in electricity demand, as Covid-19 lockdown restrictions are lowering down. Global electricity demand increased by 6% year-on-year in 2021. It ..

Month: 

Category: 

Topics: 

IEA invites India to become full-time member

International Energy Agency (IEA) has invited India to become its full-time member. Key Points This membership invitation was given in the light that, India is world’s third-largest energy consumer. If this proposal is accepted, it will require India to increase its strategic oil reserved to 90 days requirement. Oil Minister Hardeep Singh Puri held discussions ..

Month: 

Category: 

Topics: 

OECD-FAO outlook report on Pulses

Organisation for Economic Co-operation and Development (OECD) & Food and Agriculture Organisation (FAO) have published “OECD-FAO Outlook report 2021-2030”  recently making interesting reading insofar as major crops are concerned. The latest report covers pulses and a few other non-major crops under ‘other products’ category. Highlights India is central to any projection in global pulses because ..

Month: 

Category: 

Topics: 

OECD estimate growth cut of India to 9.9%

Organisation for Economic Co-operation and Development (OECD) has cut India’s growth projection to 9.9 % for Financial Year 2022. In March, it estimated growth to 12.6%. Rate was cut witnessing covid cases lockdowns which have threatened to stall nascent economic recovery of India. Key Points As per OECD, “pandemic can be contained quickly but GDP ..

Month: 

Category: 

Topics: