-Livemint.com The Finance ministers of G-20 countries are scheduled to meet today in Washington to discuss the global minimum tax of 15% for multinational enterprises. Mint looks at the global minimum tax and its implications. * What is the global minimum tax? Last week, the Organization for Economic Co-operation and Development (OECD) finalized a landmark agreement to subject multinational enterprises (MNEs) to a minimum 15% tax from 2023. A total of 136 countries,...
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Total Rerun of Neo-Liberal Policies Won’t Work in a Post-Pandemic World -Prabhat Patnaik
-Newsclick.in The Biden administration is realising this. The need of the hour, therefore, is to build a post-pandemic growth strategy centred on an increase in public investment and public spending. The period of neo-liberalism witnesses an increase in the share of economic surplus in total output both in individual countries and also for the world as a whole. This is because the “opening” up of the economy to freer trade in goods...
More »Assam forms panel to prepare framework for implementation of Assam Accord - Shankhyaneel Sarkar
-Hindustan Times An eight-member committee was set up by the Assam government on Saturday to prepare the framework for implementation of Assam Accord and all of its clauses. The committee will also focus especially on the Clause-6 report which will be prepared by a central panel in a bid to protect the cultural, social and linguistic identity and heritage of the indigenous people, officials told news agency PTI. The commissioner and secretary...
More »Rich countries need to do more on climate change : Jaishankar -Sriram Lakshman
-The Hindu The External Affairs Minister criticized rich countries’ $100 billion per year commitment (made in 2009 and still unmet) to Finance climate action in developing countries External Affairs Minister S. Jaishankar suggested that rich countries needed to do more in terms of their climate commitments and allow developing countries the space to grow. His comments were made during a discussion with former U.S. Ambassador to India, Frank Wisner, organised by the...
More »In spite of RBI’s warning, Centre invested Rs 250 crore in Yes Bank in 2019-20
-Scroll.in The RBI had first flagged serious lapses in the bank’s governance in 2018. The Centre invested Rs 250 crore with private lender Yes Bank in the financial year 2019-’20 even though the Reserve Bank of India had deemed the bank as risky in 2018, shows the financial statement of the Prime Minister’s National Relief Fund. The investment in Yes Bank Fixed Deposit Receipts was made even as Finance Minister Nirmala Sitharaman last...
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