Oecd

Bankruptcies, suicide rise as Japanese struggle with mounting debt

While Japan is by no means alone in confronting a debt problem, salaries are the lowest of Group-of-Seven countries, and the central bank is raising borrowing costs while its peers cut them

OECD still sees total commitment from countries to finalise global tax pact

Washington has said that India, China and Australia remain hold-outs on U.S. demands over alternative ways to calculate transfer pricing

Global tax deal: Impact analysis done, govt may talk on Pillar 2 in Budget

Experts suggest India is still iffy on Pillar 1 and the equalisation levy may be extended beyond June 30

Union Budget 2024-25: Draft tax law likely for minimum levy on MNEs

The global minimum tax, also known as the Pillar Two regime, aims to prevent MNEs from shifting their profits to low-tax nations

Developed countries fulfilled $100 bn climate finance promise in 2022: OECD

Developed countries met their long-standing promise of mobilizing USD 100 billion a year to help developing countries mitigate and adapt to climate change in 2022, according to the latest data published by the Organisation for Economic Co-operation and Development (OECD) on Wednesday. This promise was made in Copenhagen in 2009 and was supposed to be met by 2020. Delays in achieving the USD 100 billion goal have eroded trust between developed and developing nations and have been a continual source of contention during annual climate negotiations. Developing nations argue they cannot be expected to reduce CO2 emissions faster if developed countries - historically responsible for climate change - do not provide enhanced financial support. According to the OECD, developed countries provided USD 115.9 billion in climate finance to developing countries in 2022. The data showed that public climate finance (bilateral and multilateral funds attributable to developed countries) accounted fo

OECD raises India's FY25 GDP growth projection by 40 basis points to 6.6%

Meanwhile, the agency also noted that private consumption has been less vigorous, confirming the preliminary findings from the latest household consumption expenditure survey

What makes wealth and inheritance taxes bad for India's economic progress

Taxation of wealth and inheritance has been tried in India before. These ideas should not be resurrected

In foreign direct investment, China's loss is not India's gain: OECD data

It's other countries that are mopping up what would have gone to China

OECD warns about debt market danger as maturity wall looms: Report

In a report published Thursday, the Paris-based organization estimated that total government debt issued by its 38 member countries will rise by $2 trillion to a record of $56 trillion this year

National interest trumps global trade

The Abu Dhabi conference highlights any progress for India at the WTO hinges on renewed US engagement in the trade body

WTO adopts new plurilateral agreement on domestic services regulation

The services domestic regulation agreement entered into force at the 13th Ministerial Conference in Abu Dhabi

OECD marginally raises India's GDP growth forecast to 6.2% for FY25

For FY26, OECD has kept its growth forecast for India unchanged at 6.5 per cent

World economy will slow in 2024 because of inflation, high rates, war: OECD

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based Organization for Economic Cooperation and Development estimated Wednesday that international growth would slow to 2.7% in 2024 from an expected 2.9% pace this year. That would amount to the slowest calendar-year growth since the pandemic year of 2020. A key factor is that the OECD expects the world's two biggest economies, the United States and China, to decelerate next year. The US economy is forecast to expand just 1.5% in 2024, from 2.4% in 2023, as the Federal Reserve's interest rate increases 11 of them since March 2022 continue to restrain growth. The Fed's higher rates have made borrowing far more expensive for consumers and businesses and, in the process, have helped slow inflation from its four-decade peak in 2022. The OECD foresees U.S. inflation dropping from 3.9% this

India's GDP growth expected to slow to 6.3% in FY24: OECD economic outlook

The GDP growth is expected to further slow to 6.1 per cent in the next financial year (FY25), before rebounding in FY26

Developed nations must mobilise $100 bn for climate financing: OECD

These trends may indicate an increasing recognition by international climate finance providers of the growing needs and opportunities for climate action in poorer and more vulnerable regions

Updating the tax haven debate

In a comprehensive analysis of black money, R Vaidyanathan's book explores the intricacies of its generation, the impact of tax havens, and the role of global initiatives

OECD gives governance a refresh

The 2023 update to G20 and OECD's corporate governance norms signals progressive changes in our markets

Indians top the list of those seeking citizenship in wealthy OECD nations

Out of those Indians who moved to OECD countries, 133,000 were granted nationality, the highest among all countries

Mumbai second most polluted major global city as air quality worsens

The AQI in Mumbai was 160 on October 23 as of 5 pm. Ahmedabad, too, recorded the same index value. Delhi was further behind with an index value of 135

Gender shock: Share of Indian women in managerial roles declines

Country's progress in achieving board diversity falls behind comparable peers