Page 4 - Oecd

India among fastest growing economies in Asia amid global slowdown: OECD

India, with a growth rate of 6.6 per cent in this financial year, is among the fastest growing economies in Asia amid a global slowdown triggered by a massive energy shock due to the ongoing Russia-Ukraine conflict, the OECD said on Tuesday. The Organisation for Economic Cooperation and Development (OECD), the Paris-based intergovernmental body that focuses on economic policy reports in its latest Economic Outlook' that India is set to be the second-fastest growing economy in the G20 in FY 2022-23 behind Saudi Arabia, despite decelerating global demand and the tightening of monetary policy to manage inflationary pressures. The GDP growth in the country will slow to 5.7 per cent in FY 2023-24 as exports and domestic demand growth moderate, but it would mean it would still be growing more than many other G20 economies including China and Saudi Arabia. After hitting 6.6 per cent in FY 2022-23, GDP growth is expected to slow in coming quarters, to 5.7 per cent in FY 2023-24, before ...

UK to be second weakest performer of world's big economies next year

In its half-yearly economic outlook, the OECD said that UK's economy would expand by 4.4 per cent this year - the sixth fastest in the G20 - but contract by 0.4 per cent next year

CBDT proposes common ITR with focus on crypto assets declaration

New return to also seeks details on foreign equity and debt held by resident Indians; much more exhaustive list for NRIs

Crypto weekly wrap: Tokens recover after plunging post-US inflation data

Bitcoin rose by almost 4 per cent after dropping to its lowest at $18,300 post-US inflation data was released

Indian students 'highly likely' to stay back in developed nations for work

Indian students are not just more likely to stay in developed countries on extended permits, but they are also highly likely to get a work permit during their stay

OECD releases global framework for exchange of info on cryptocurrencies

The exchange of information on cryptocurrency between countries will become automatic under the new framework propsed by OECD

India's services activity cools to 6-month low in Sep; job creation slows

PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month

Energy, inflation crises risk pushing big economies into recession: OECD

In a bleak report titled Paying the price of war, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.

OECD, S&P keep India's economic growth forecasts unchanged for FY23

S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23

Russia war, virus and climate hurting world's poorest, warns OECD

Russia's war against Ukraine, the lingering coronavirus pandemic and the damage of climate change are putting intense pressure on the world's poorest, the Organization for Economic Cooperation and Development warned Monday. The Paris-based OECD reported that 60 states, territories and locations fell last year into the category of fragile contexts'' meaning they were exposed to economic, environmental, social and political risks that they didn't have the capacity to absorb. And that was before Russia invaded Ukraine and intensified their burdens. Monday's report designated the most places in such dire straits since the OECD began issuing its States of Fragility report in 2015. The 60 account for 24% of the world's population, 73% of those living in extreme poverty, 80% of those who died in conflicts and the vast majority of the world's hunger hotspots.'' And they are home to 95% of the record 274 million people the United Nations says need humanitarian assistance. We are in an era

Global job market's rebound from Covid-19 pandemic is now at risk

Real wage growth has been under pressure since 2021-end and will continue to decline in many countries, according to an OECD report

What will it take to make India a developed nation in the next 25 years?

PM Modi has urged citizens to focus on five resolutions to make India a developed nation in the next 25 years. How will the country and its economy have to perform to achieve this goal by 2047?

What will it take for India to become a developed country by 2047?

Country's per capita income would need to grow 12.4% consistently to match that of OECD countries within the next 25 years

G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets

Tax evaders explore other avenues to shift their unaccounted wealth through investment in non-financial assets, Sitharaman pointed out

At 7.1%, India's factory output jumps to eight-month high in April

Electricity output rose to double digits in April

Seal a tax deal

Minimum global corporate tax rate solves many problems

OECD slashes growth outlook, but sees limited stagflation risk

Says world economy to grow 3% this year, much less than the 4.5% expected earlier

India's economy to grow at 6.9% in FY23: OECD global macroeconomic report

The institution said that headline inflation is projected to ease gradually, though remaining above the central bank's upper tolerance limit of 6 percent throughout 2022 and 2023.

Shock of war threatens lasting consequences on global economy: OECD

The organization slashed its outlook for global growth this year to 3% from the 4.5% it predicted in December and doubled its inflation projection to nearly 9% for its 38 member countries

India-France DTAA sparks tax row with Saint Gobain, HC orders higher outgo

Court says firm can pay "under protest", subject to final order; dispute could trigger similar rows in tax matters with MNCs, experts warn