As the world prepares to usher in 2022, the fiscal legacy of covid will not be erased easily
4 min read20 Dec 2021The world economy is likely to contract by 6% or 7.6% in 2020, depending on whether it experiences a single-hit or a double-hit scenario, respectively, the OECD said in its latest Economic Outlook
1 min read10 Jun 2020India is a member of G20, a grouping of developed and developing economiesIndia’s real GDP growth is expected at 5.1% during the fiscal year starting 1 April, 2020
1 min read3 Mar 2020OECD slashed India’s growth forecast for 2020-21 by 110 basis points to 5.1% due to the impact of the virus’An upturn will require a positive impact from reforms and monetary policy support in India,’ said OECD in its interim economic assessment
2 min read3 Mar 2020India’s economy grew at 4.5% in July-September, the weakest pace in more than 6 yearsOECD, however, called India a growth champion and a major player in the global economy
1 min read5 Dec 2019On average, 12% of the variation in student reading performance within each country was associated with socioeconomic statusIn reading, the 10% most disadvantaged Chinese students tested had better skills than the OECD average
1 min read3 Dec 2019Grouping believes new global rules to tax tech giants give undue taxation rights to USPlan aims to prevent MNCs artificially showing profits in low-tax countries instead of where deal happens
2 min read12 Nov 2019Minimizing the scope of tax arbitrage by firms would help correct a capital-labour imbalance
4 min read11 Nov 2019OECD to develop a consensus-based solution to align international tax laws to the fast-changing business models through revised profit allocation and revised nexus rulesThe new nexus rule proposes to define a sales revenue threshold in a market as the primary indicator of a sustained and significant economic involvement of an enterprise in that jurisdiction
6 min read8 Nov 2019The OECD Secretariat has published a public consultation paper to advance international negotiationsThe proposal is aimed at re-allocating some profits and corresponding taxing rights to countries and jurisdictions where MNEs have their markets
3 min read13 Oct 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared