India, Switzerland Automatic Exchange of Financial Account Information kicks in

Automatic Exchange of Information (AEOI) Regime between Switzerland and India kicked off from September 1, 2019. Under this mechanism, India will start receiving information on all financial accounts held by Indian residents in Switzerland, for the year 2018. Central Board of Direct Taxes (CBDT) has hailed this move as a significant step in the government’s ..

Month: Current Affairs - September, 2019

Topics: Automatic Exchange of Information • Central Board of Direct Taxes • Common Reporting Standard • india-switzerland • Organisation for Economic Co-operation and Development

Multilateral Convention to Implement Tax Treaty Related Measures (MLI)

India has ratified the Multilateral Convention to Implement Tax Treaty Related Measures (MLI) and deposited the instrument of ratification to Organisation for Economic Co-operation and Development (OECD). Multilateral Convention to Implement Tax Treaty Related Measures The Multilateral Convention to Implement Tax Treaty Related Measures aims to Prevent Base Erosion and Profit Shifting (BEPS). It seeks ..

Topics: MLI • Multilateral Convention to Implement Tax Treaty Related Measures • OECD • Organisation for Economic Co-operation and Development • Tax Evasion

Counterfeit, Pirated Goods and Global Trade

The assessment  by EU Intellectual Property Office (EUIPO) and the Organisation for Economic Co-operation and Development (OECD) carried out based on data from almost half a million customs seizures by international enforcement agencies highlights the following: Global sales of counterfeit and pirated goods have increased to USD 522 billion a year, amounting to a whopping 3.3 per ..

Month: Current Affairs - March, 2019

Category: Economy & Banking Current Affairs

Topics: Brazil • China • Counterfeit Goods • EU Intellectual Property Office • EUIPO • European Union • Hong Kong • India • Japan • Malaysia • OECD • Organisation for Economic Co-operation and Development • Pirated Goods • Singapore • South Korea • Thailand • Turkey • United Arab Emirates • United States

The Future of Rail Report: Key Facts

The Future of the Rail Report was prepared by the International Energy Agency (IEA) in association with the International Union of Railways (UIC). Findings of the Report The report provides a specific focus on India, The important findings of the Future of Rail Report are: Indian railways will account for nearly 40% of total global rail ..

Month: Current Affairs - February, 2019

Topics: Economic development • Energy security • Environmental protection • International Energy Agency • International Union of Railways • OECD • Organisation for Economic Co-operation and Development • The Future of Rail