Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.
'Among corporates, about 60% of income is now reported under the new tax regime.'
The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.
'Because of the size and complexity of the economy, we can address almost every job that is there, from agriculture farming to healthcare.'
'They are totally disconnected with farm activities which their families have been involved in for years.'
Talks on global climate finance virtually ground to a halt last week at COP29, the annual United Nations (UN) Climate Change event in Baku, Azerbaijan, as the developed world, led by the European Union (EU), and developing countries including India, Brazil, South Africa, and a clutch of island nations and African countries faced a wide chasm between their expectations. This has raised doubts about whether an agreement can be reached this week or whether talks will spill over to COP30, to be held next year in Benem, Brazil.
In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India.
The share of rent in consumption expenditure has risen to 6.58%, according to the Household Consumption Expenditure Survey 2023-2024. This is the highest it has been in surveys going back to the turn of the millennium.
The Union government is expecting to rake in Rs 100-200 crore in additional revenue from Pillar Two, only under specific circumstances, a senior finance ministry official said requesting anonymity. It is proceeding cautiously, and is unlikely to implement rules anytime soon, the source said.
'Putin dreams about his legacy. He wants to forcibly restore the Russian empire.' 'Unfortunately, after three years of large-scale war with massive human losses, Putin will not budge from his goal because human life is the cheapest resource in the Russian State.'
India's CLI has been on the rise since October 2014.
Indian economy's growth is expected to be "below trend" even as neighbouring China and most of the developed nations are expected to see better prospects, according to Paris-based think tank OECD.
These countries provide the highest quality of life.
Foreign portfolio investors (FPIs) from Mauritius may face higher scrutiny after the amendment in the India-Mauritius tax treaty introduced a principle purpose test (PPT) to prevent treaty abuse by taxpayers. The Mauritius government had in February decided to amend the double taxation avoidance agreement (DTAA) with India to align with the Organisation for Economic Co-operation and Development's proposal on base erosion and profit shifting. Although the agreement between India and Mauritius was signed on March 7, the protocol of the amendment was made public for the first time on Wednesday, said legal experts.
96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.
Let's take a look at how much time people spend on leisure in some countries, including India.
'With India's growing capabilities in the space sector, this creates promising opportunities for enhanced collaboration and market access.'
There are many countries that have restrictive immigration policies, while some have a welcoming policy.
Guess what four of the 10 best countries for entrepreneurship have among the smallest economies in the developed world!
Let's take a look at some countries, including India, where people have longest working hours.
If you work for 30 years, a two per cent difference in pension returns can reduce your final retirement nest egg by 40 per cent. The Rs 9-trillion National Pension System (NPS) seems to be delivering incrementally higher returns than the twice-as-large Employees' Provident Fund Organisation (EPFO), shows a Business Standard analysis of data over the last seven years for the two retirement fund bodies. An investor who put in Rs 100 in retirement savings seven years ago would have seen her NPS nest egg grow to Rs 182 by 2023, according to the analysis based on the Pension Fund Regulatory and Development Authority's recently released Handbook of National Pension System Statistics 2023.
There have been concerns in India about limited flow of tax information from Switzerland about Indian citizens, who have allegedly stashed away unaccounted money in Swiss banks.
India should encourage the second coming of SAARC with climate change as an urgent agenda and keeping Indian security concerns in mind as the subtext, suggest Lieutenant General Ashok Joshi (retd) and Colonel Anil Athale (retd).
Switzerland finally signed an agreement to exchange information on potential money launderers and tax dodgers last week but neither this nor a modified tax avoidance treaty is likely to help India.
Economic prosperity, health and a strong social support network continue to correspond highly with happiness around the world.
The rich-poor divide has been growing despite the economic boom in several countries.
Let's take a look at some nations that have low income inequality.
Indians work for 8.1 hours every day, more than the average figure for the entire developed world and individual countries like the United Kingdom, Australia, France, Italy and Germany.
In several countries, the average hours worked per year has fallen by more than 20.
Sweeping reforms are urgently needed to boost productivity and lower barriers to trade if the world is to avoid a new era of slow growth and stubbornly high unemployment.
population of about 2.54 crore will be at risk!
OECD has ranked countries in the block based on quality of life.
About 5,000 students from China, included for the first time in the The Organisation for Economic Co-operation and Development educational test, PISA, stunned the world by coming first across 65 countries in all three tested categories -- science (ahead of Finland), reading (beating Korea) and math (outperforming Singapore).
That most Indian settlers abroad have fared well is a known fact but when it comes to the number of migrants to the developed world, Chinese are far ahead, says the latest report by OECD on migrants.
The Organisation for Economic Co-operation and Development (OECD) has in its latest report applauded the Indian economy's resilience and has projected a growth rate of 7 per cent in 2010 and 7.5 per cent for 2011. However, it says that India's central bank must tighten its monetary policy fairly soon to contain the rising inflation. "Given the speed at which inflation has bounced back, monetary policy will need to be tightened fairly soon," the Paris-based OECD.
Reflecting a strained labour market even as signs of economic recovery are rising, the unemployment rate in the OECD region rose to 8.6 per cent in August.
The biggest question looming over the summit is whether there will be a joint leaders' declaration in view of the sharp differences between the West and the Russia-China combine on the text to describe the Ukraine conflict in the document.
Despite New Delhi's self-reliant public stance, India receives almost twice as much development assistance for water and sanitation as any other country, according to data from the Organisation for Economic Co-operation and Development.
According to the OECD database on the foreign-born and expatriates, more than half of Indian immigrants possess at least tertiary education.
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