-TheIndiaForum.in ‘While the global minimum tax proposal is a step forward, that step is disappointingly short of what is needed and possible.’ Following years of negotiations, most nations in the world now appear to be willing to align their corporate tax regimes to prevent multinationals from evading taxation in the jurisdictions in which they operate. They have now tentatively agreed on the need for a global minimum corporate tax rate and a...
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Rs.60,000-crore loan guarantee scheme for COVID-hit sectors yet to take off -Vikas Dhoot
-The Hindu 52 days after it was announced as a top relief package, Finance Minister says it ‘is in the process’. A Rs.60,000-crore loan guarantee scheme for helping sectors hit the hardest by COVID-19 is yet to get off the ground, 52 days after it figured at the top of an economic relief package to cope with the second wave’s shocks. This proposed credit support was part of a new ₹1.1 lakh crore...
More »Will Afghanistan’s centuries-old ‘Karez’ system of irrigation survive the Taliban -Rajat Ghai
-Down to Earth The Taliban are set to overtake Kabul; but an expert believes they will spare the age-old Karez system of underground aqueducts in the country given its importance The resurgent Taliban is on the victory march to Kabul. It has already taken provincial capitals as well as Afghanistan’s third-largest city of Herat. As the Taliban appear at the gates of Kabul again after two decades, fears have grown about what...
More »Climate change is real: Severe drought hits Assam’s wet regions -Aatreyee Dhar
-Down to Earth Never seen a drought of this magnitude, claim farmers; paddy crop affected Climate change is real. Droughts in the rainy state of Assam are not unheard of anymore. Warmer temperatures have affected the state’s tea gardens for a decade. Now, places recently experiencing unexpected and longer dry spells are catching the eye. “Never before have I seen drought in this region,” said Dipantor Soh, a 28-year-old farmer from Mirigaon, a...
More »Delhi HC slams Centre, RBI for inaction on usurious mobile vendors
-The Hindu RBI said it regulates banks and non-banking Finance companies and it does not regulate online lending platform The Delhi High Court on Tuesday observed that online lending platforms, offering short-term personal loans through mobile apps, cannot be allowed to charge exorbitant interest and processing fees. “Rate of interest should not be exorbitant. Just look at the difficulties. An expert body is required. If you people are so slow in taking action,...
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