-The New Indian Express The Kerala assembly on Tuesday passed the Bill that gives legal validity to the welfare scheme for the workers of Mahatma Gandhi National Rural Employment Guarantee Scheme.  THIRUVANANTHAPURAM: The Kerala Assembly on Tuesday passed the Bill that gives legal validity to the welfare scheme for the workers of Mahatma Gandhi National Rural Employment Guarantee Scheme.  The Kerala Employment Guarantee Workers’ Welfare  Fund Bill was unanimously passed by the assembly.  The...

-The Hindu The Pandora Papers have only highlighted the need for concerted steps to alter the global financial architecture The Pandora Papers, published on October 3, once again expose the illegal activities of the rich and the mighty across the world. The Pandora Papers investigation is “the world’s largest-ever journalistic collaboration, involving more than 600 journalists from 150 media outlets in 117 countries”. The International Consortium of Investigative Journalists (ICIJ) has researched...

-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,...

-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...

-Networkideas.org  The International Monetary Fund has announced a fresh issue of $650 billion Special Drawing Rights in August which would be distributed among member countries in proportion to their IMF quotas. This amount is less than what had been demanded by many, which was a trillion dollars, but it does represent a small temporary comfort for the heavily indebted third world countries. Almost all of it will go into the pockets of...