| 'Firms can mitigate IT skills shortage' | 24-NOV-09 |
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| The shortage of information and communications technology (ICT) skills in developed countries could become a serious issue once the worldwide economic crisis starts easing. This will be exacerbated by the falling number of masters and PhD holders in science and engineering, restrictions on cross-border movement of IT professionals and the US H-1B visa programme. |
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| Rising inflation may impede pace of recovery: OECD | 19-NOV-09 |
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| With inflationary pressures building up at the initial stages of recovery in the domestic economy, choosing the right time for withdrawal of the fiscal and monetary stimulus remains a major challenge for the policymakers, the Organisation for Economic Co-operation and Development (OECD) said today. |
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| Akash Prakash: The capital inflow conundrum | 23-OCT-09 |
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| A few days ago the investment community globally was surprised by the announcement that the Brazilian authorities were planning to re-introduce the IOF levy (a tax on foreign financial transactions). A measure clearly designed to reduce appreciation pressures on the Brazilian currency. This tax used to exist and was only abolished in 2008 (when the global financial system was on the verge of collapse, and all emerging market, or EM, countries were seeing huge capital outflows). |
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| Is transfer of computer software taxable in India | 19-OCT-09 |
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| There is an ongoing debate if the sale/transfer of computer software attracts Income Tax in India or not. Accordingly, where foreign company transfers computer software to an Indian company from outside India, a question arises as to whether the Indian company is liable to deduct tax at source while making remittance from India. The problem is complex because the software is generally embedded with intellectual property rights. In other words, the acquirer of the software usually also gets along with the software a licence to use the same. |
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| Akash Prakash: A dangerous time | 09-OCT-09 |
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| Markets are going through a dangerous and choppy phase. If economic growth is strong and confidence comes back, pressure will continue to build on governments and central banks to roll back quantitative easing and other emergency fiscal and monetary measures. The political mood seems to have changed in most OECD (Organisation for Economic Cooperation and Development) capitals, and it would be very difficult for any government to justify new stimulus measures in today’s environment. Public pressure to reduce government budget deficits and minimise public debt burdens is growing across the developed world. |
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| Argentina, India most trade defensive: Global Report | 15-SEP-09 |
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| Ahead of the G20 Summit at Pittsburgh in the US, a joint report by WTO, UNCTAD and OECD has listed India at the second position in terms of initiating anti-dumping probes among the top rich and advanced developing countries in 2009.
The report that was prepared at the instance of the leaders of the G20 has further warned of significant increase in the use of anti-dumping and safeguard activities in the backdrop of the global economic |
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| Akash Prakash: The tightening dilemma | 11-SEP-09 |
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| The message from the recent G-20 meeting was crystal clear; do not expect central banks to take the risk of short-circuiting fragile recoveries, either through premature tightening of monetary policy or phasing out of fiscal stimulus. The assembled cast of policymakers seemed to be in total agreement, there is no question of reversing the emergency measures until a global recovery is totally secure. |
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| Global oil demand seen rising amid recovery | 10-SEP-09 |
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| The slump in global oil demand in 2009 will be less severe than previously forecast and consumption will increase next year as the world economy stabilises, the International Energy Agency (IEA) said today. |
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