OECD deal to rev up digitisation, says FM Nirmala Sitharaman

In meet with US CEOs, Sitharaman says India offers a spectrum of opportunities to businesses

After the G20 finance leaders on Wednesday endorsed a global tax deal that calls for the elimination of unilateral digital services taxes, Union Finance Minister Nirmala Sitharaman said this will help address the challenges arising from the digitalisation of the economy. This will also help deal with base erosion and profit shifting issues, she said.

On the global economic recovery, she told her G20 counterparts that ensuring equitable vaccines for all is key but it faces a significant challenge. In her remarks at the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, held on the sidelines of the Annual Meetings