Page 2 - Oecd

In foreign direct investment, China's loss is not India's gain: OECD data

It's other countries that are mopping up what would have gone to China

OECD warns about debt market danger as maturity wall looms: Report

In a report published Thursday, the Paris-based organization estimated that total government debt issued by its 38 member countries will rise by $2 trillion to a record of $56 trillion this year

National interest trumps global trade

The Abu Dhabi conference highlights any progress for India at the WTO hinges on renewed US engagement in the trade body

WTO adopts new plurilateral agreement on domestic services regulation

The services domestic regulation agreement entered into force at the 13th Ministerial Conference in Abu Dhabi

OECD marginally raises India's GDP growth forecast to 6.2% for FY25

For FY26, OECD has kept its growth forecast for India unchanged at 6.5 per cent

World economy will slow in 2024 because of inflation, high rates, war: OECD

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based Organization for Economic Cooperation and Development estimated Wednesday that international growth would slow to 2.7% in 2024 from an expected 2.9% pace this year. That would amount to the slowest calendar-year growth since the pandemic year of 2020. A key factor is that the OECD expects the world's two biggest economies, the United States and China, to decelerate next year. The US economy is forecast to expand just 1.5% in 2024, from 2.4% in 2023, as the Federal Reserve's interest rate increases 11 of them since March 2022 continue to restrain growth. The Fed's higher rates have made borrowing far more expensive for consumers and businesses and, in the process, have helped slow inflation from its four-decade peak in 2022. The OECD foresees U.S. inflation dropping from 3.9% this

India's GDP growth expected to slow to 6.3% in FY24: OECD economic outlook

The GDP growth is expected to further slow to 6.1 per cent in the next financial year (FY25), before rebounding in FY26

Developed nations must mobilise $100 bn for climate financing: OECD

These trends may indicate an increasing recognition by international climate finance providers of the growing needs and opportunities for climate action in poorer and more vulnerable regions

Updating the tax haven debate

In a comprehensive analysis of black money, R Vaidyanathan's book explores the intricacies of its generation, the impact of tax havens, and the role of global initiatives

OECD gives governance a refresh

The 2023 update to G20 and OECD's corporate governance norms signals progressive changes in our markets

Indians top the list of those seeking citizenship in wealthy OECD nations

Out of those Indians who moved to OECD countries, 133,000 were granted nationality, the highest among all countries

Mumbai second most polluted major global city as air quality worsens

The AQI in Mumbai was 160 on October 23 as of 5 pm. Ahmedabad, too, recorded the same index value. Delhi was further behind with an index value of 135

Gender shock: Share of Indian women in managerial roles declines

Country's progress in achieving board diversity falls behind comparable peers

Some MNCs may face tax heat as SC clears air on MFN applicability

The issue emerged when India signed treaties with other nations, including Slovenia, Lithuania, and Colombia, and fixed a lower rate (5 per cent withholding tax)

Countries working to resolve differences over Global tax deal: OECD draft

FinMin says intensive capacity-building initiatives are imperative for effective implementation

OECD urges India to pare govt ownership in banks, insurance companies

OECD advised the government to further increase the share of renewable energy by facilitating long-term investment in clean energy development projects

Upward revision: OECD raises India's FY24 GDP growth projection to 6.3%

Also revises inflation projection to 5.3% from 4.8%

Global economy to slow as rate hikes bite, says OECD chief economist

The European Central Bank delivered a 10th consecutive hike last week, though signalled that the peak may have been reached

Tax officials should exchange info with non-tax agencies, says OECD

Countries should adopt a 'whole-of-government' approach to address the challenge of illicit financial flows through sharing of information from tax authorities to non-tax agencies, like financial intelligence units, anti-corruption agencies, customs authorities and public prosecutors, an OECD report said. India has been pressing for expanding the scope of common reporting standard (CRS) at the G20 to include non-financial assets, like real estate properties, under the automatic exchange of information (AEOI) among OECD countries. In a report titled 'Facilitating the use of tax-treaty exchanged information for non-tax purposes', OECD said illicit financial flows (IFFs) have a cross-cutting nature and involve a diversity of crimes and offences transcending tax evasion, such as money laundering, terrorism financing and corruption. It is thus highly important for jurisdictions to adopt a whole-of-government approach to addressing them, notably through the sharing of information from ta

Amid concerns, OECD suggests digital register to record estate ownership

Amid concerns over investments in foreign real estate being used to "shelter undeclared assets", the OECD has suggested automatic exchange of information among countries and setting up of digitalised ownership registers accessible to designated relevant government agencies on a real-time basis. The 'Enhancing International Tax Transparency on Real Estate' report released by the Paris-based Organisation of Economic Cooperation and Development (OECD) ahead of the G20 Summit, said there have been significant increase in foreign-owned real estate assets over the past decade, and a lot of funds have been shifted from financial assets to buying foreign real assets to avoid tax compliance. "While tax administrations often only have limited visibility over the cross-border ownership of (and income from) real estate, there are indications that the proportion of real estate owned by non-residents has continued to increase in recent years... information exchanged under the CRS can also provide