Supply-chain difficulties, surging commodities prompted OECD to raise its forecast for consumer-price gains this year and next in every Group of Seven country aside from Japan
Ministers ratified the 400,000 barrel-a-day supply hike scheduled for October after less than an hour of talks, one of the quickest meetings in recent memory
The government has taken a balanced stance by committing to the multilateral approach for addressing tax challenges of digitalisation
This comes in the backdrop of India agreeing to the global tax deal proposal at the OECD, which will require New Delhi to withdraw the equalisation levy by 2023
Details of new global agreement will need to be scrutinised
Could mean India will have to withdraw 2% equalisation levy on firms by 2023
India and other developing countries were fighting to include companies with at least Euro 1 billion in revenues as against the final proposal of Euro 20 billion revenues and a profit margin above 10%
Governments around the world are jostling to safeguard their tax sovereignty and win a bigger share of levies on tech giants.
Women took on 173 additional hours of unpaid child care last year, compared to 59 additional hours for men, study says.
The world's financial leaders will endorse on July 9-10 a deal setting a global minimum corporate tax: draft communique
India needs to overhaul the tax system
Raises world GDP growth forecast to 5.8%
OECD said while India is projected to be the fastest-growing G20 economy in 2021, it will also be the one which is the furthest away from its pre-crisis GDP trend
The OECD said central banks in advanced economies should keep financial conditions relaxed and tolerate inflation overshooting their targets.
Accord would pave way for wider consensus at G20, then OECD
The latest proposal by Washington, shared with 130 countries, aims to tax only those entities with a global revenue of $20 bn and is not limited to digital players
OECD is trying to forge a deal among 139 countries on its plan by this summer
OECD sees global GDP growth at 5.6 per cent this year, an upward revision of more than one percentage point since its projection in December 2020, and 4 per cent in 2022
Fund managers want govt to freeze taxes on sovereign debt papers
The Indian economy was officially projected to decline by 8 per cent in the current fiscal year.