Swiss banks may have turned over client details to the US, but they have said India is not welcome there on a name-fishing expedition.
Most of the world's major economies are now close to the low point of their slowdowns, in a sign that the global recession is easing, according to data published on Monday.
Where do people spend the most time at their jobs?
At a time when political parties are coming up with poll promises like job guarantees, OECD, a group of rich nations, has found that nine in 10 employees in India do not have a formal labour contract and social security benefits such as advance dismissal notices.
According to a senior official, Sebi has written to various stakeholders under its jurisdiction with regard to the requirement of FIs to report under CRS.
Brazil, Russia, India and China, also known as the BRIC group of countries, are expected to overtake the rich countries in primary energy consumption by 2030 and worsen their environmental calamities, Paris-based Organisation for Economic Cooperation and Development has warned. The OECD estimates suggest that 63 per cent population in the BRIC countries is living under medium to severe water stress and this share is expected to increase to 80 per cent by 2030.
Though there are different views on the Global Financial Integrity numbers that the BJP cites, getting the money back to India is not going to be an easy task
India should start evaluating options to create a sovereign wealth fund given our large accumulated reserves and sub-optimal investment strategy.
The International Olympic Committee told the United States on Thursday it should get its own house in order in the fight against doping before putting athletes from other countries under threat of punishment for breaking US law.
The US-based agency, however, termed the 7 per cent GDP growth for the October-December quarter as "surprising", a tad lower than 7.4 per cent in the previous quarter.
The study, 'socioeconomic effects of broadband speed: a microeconomic investigation', says in emerging countries like India, setting up a new broadband connection of speed 0.5 Mbps could lead to an increase in household income by $800 a year, which means Rs 50,168, according to the latest currency conversion rate (a dollar was Rs 62.71 as on Friday).
"We are on track to bring down fiscal deficit to 3.3 per cent this year and to three per cent in the next year and hopefully remove revenue deficit in 2008-09", Finance Secretary D Subbaro said while speaking at the launch of the OECD economic survey of the Indian economy in New Delhi on Tuesday. The Fiscal Responsibility and Budget Management Act requires the government to reduce fiscal deficit to three per cent of the GDP and eliminate revenue deficit by 2008-09.
'In India, a large proportion of the labour force does not have a regular job.' 'People are mostly employed as daily wage workers, agricultural labourers, small farmers and self-employed traders.' 'These move in and out of "jobs" fairly rapidly.' 'It is the high proportion of these workers in India that makes unemployment volatile,' explains Mahesh Vyas.
The country now has several 'penis parks', so many that Haesindang markets itself as the 'only one on the east coast'.
Religious leaders come last, with corporations featuring slightly better
Despite the Left Parties asking the government to address the concerns of Indian companies before seeking amendments in the Patent law, Commerce Minister Kamal Nath on Tuesday said the country would meet the deadline for product patent protection.
The agreement on sharing of financial information is a distinct and welcome break from its trend.
The time is ripe for debate on city governments in India.
Low wage costs would not be the sole factor in the battle of supremacy of world textile trade post-MFA and countries that aspire to maintain export-led strategy must also develop their expertise in value-added services, according to a OECD report.
The proposal, which comes in response to the EU-US formula made on the sidelines of the OECD meeting in Paris recently, emphasises on differentiated tariff cuts for developing countries.
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
'In end-December 2015, Nifty would end at 8,600 and Sensex at 28,000.'
Instead of failing young Indians, the government should now focus laser-like on education, skilling, healthcare, and the environment, says Mihir S Sharma.
India tops this list, with 3.7 million deaths, and China comes a close second with 2.8 million deaths. In all the four scenarios outlined, India tops China in the number of fatalities. Scenario 6 is the worst, and predicts more than 16 million deaths in India and 12 million in China.
The International Energy Agency increased on Thursday its estimate of global demand for oil this year by 470,000 barrels per day to a total of 81.1 million bpd owing particularly to strong first-quarter demand in India and Brazil.\n\n\n\n
Marking the end of strict banking secrecy practices, Switzerland earlier this month agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
Downloading songs, movies, books? You may have to pay tax on it.
The Bank suggested reforms in infrastructure sector.
All stakeholders in the diamond industry chain from mines to retailers have to follow a system of warranty under which they have to individually declare in the invoices they issue that what they have sold are not conflict diamonds.
Kavitha Kuruganti has been fighting for decades to ensure farmers are respected and get their due from the Indian nation. In order to ensure they don't struggle for a living, she works to ensure sustainable farm livelihoods and farmers' rights.
Hailing the agreement reached between India and the US aimed at resolving the stalemate over the WTO trade facilitation pact, Australia on Friday said the gains from the deal once it is sealed are "significant" and the developing nations would be its Hailing the agreement reached between India and the US aimed at resolving the stalemate over the WTO trade facilitation pact, Australia on Friday said the gains from the deal once it is sealed are "significant" and the developing nations would be its biggest beneficiaries.biggest beneficiaries.
It is clear that the world desperately needs a globalisation model that will work for all and not just some, says Sunita Narain.
Modi promised in his 2014 election campaign to recover billions of dollars sent to tax havens abroad to avoid income tax, now about 30 per cent in India
The report further said that confidence is improving, while risk aversion is falling and has upgraded industrial production to neutral from negative.
India opened up its economy to the private sector in 1991.
The Indian mrime minister supported a new global standard on automatic exchange of tax information
Indian economy is likely to expand in the range of 5.4 to 5.9 per cent this fiscal, as per government estimates.
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