15 March The aim of the initiative is

Size: px
Start display at page:

Download "15 March The aim of the initiative is"

Transcription

1 15 March 2018 Cyber Gram Project for Digital Literacy of Minority Communities. The Ministry of Minority Affairs has launched a pilot project for minority Cyber Gram for digital literacy in a minority dominated village Chandauli in Alwar district of Rajasthan. The Ministry mainstreamed the Cyber Gram project with the Multi-sectoral Development Program in the year as a special initiative. The aim of the initiative is 1. To provide hands on training in computers for students from minority community 2. To enable them to acquire basic Information and Communication Technology (ICT) skills to become digitally literate 3. To actively involve them in knowledge based activities, access financial, social and government services and to use internet for communications. The initiative covers students of Class VI to Class X belonging to notified minority communities residing in minority concentration areas identified under Multi-sectoral Development Program (MsDP). Minority communities include Muslims, Sikhs, Christians, Buddhists, Parsis and Jains. The project is being implemented through Common Service Center (CSC) e-governance India Ltd-a company under Department of Electronics and Information Technology with support of States/UTs.

2 The fifth edition of the Annual Survey of India s City-Systems (ASICS) by Janaagraha Centre for Citizenship and Democracy has been released. The objective of the survey was to measure the preparedness of cities to deliver high quality infrastructure and services in the long term by evaluating city systems. The survey spans 23 Indian cities and factors in answers to 89 questions. The cities were scored based on the quality of laws, policies, institutions and institutional processes that together help govern them. ASICS groups questions into four categories: urban planning & design; urban capacities & resources; transparency, accountability & participation; and empowered & legitimate political representation. Pune, Kolkata and Thiruvananthapuram top the country in terms of urban governance. Delhi and Mumbai figure in the sixth and ninth positions respectively. Among the medium cities (with a population of up to one million), Ranchi has broken into the top 10 with a score of 4.1. Bengaluru and Chandigarh (perceived as a planned city) figured at the bottom of the list. Concerns and way forward The cities assessed in the study are found to be generating only 39% of the funds they spend on an average, with Patna raising just 17% on its own. Only Mumbai, Delhi, Hyderabad and Pune generate over 50% of the amount they spend from their own revenue. The study found that in several cities, their own revenues did not even cover staff salaries. Lack of adequate revenue sources of their own severely constrains the ability of our cities to invest in infrastructure and service delivery. The pace of reforms in India has been painfully slow. Recurring floods, garbage crises, air pollution, fire accidents, building collapses and dengue outbreaks are symptoms of this deeper governance crisis in our cities. The survey also found urban capacities across cities suffering from rampant staff vacancies, inadequate domain experience of senior municipal officers, and powerless mayors and councils. Commissioners were found to have only have 2.7 years of experience in urban management on an average. Average staff vacancy stood at 35%, with Guwahati bottoming out at 60%. The mayor and councils in our cities are toothless. They don t have full decision-making authority over critical functions such as planning, housing, water, environment, fire and emergency services. No city in India has effective policies to deter plan violations, a deficiency that leads to the mushrooming of slums and unauthorized colonies. While all its 23 cities scored zero on this parameter, London, New York and Johannesburg notched a perfect 10 out of 10. Moreover, most of the country s town and country planning acts date back to the previous century. It has one planner per four lakh citizens (as opposed to 48 in the United States and 148 in the United Kingdom).

3 The Central Council for Research in Ayurvedic Sciences (CCRAS) has undertaken development of coded drug AYUSH QOL-2C for improving quality of life in cancer patients. Central Council for Research in Ayurvedic Sciences (CCRAS) CCRAS is autonomous body under the Ministry of AYUSH. It is apex body in India for formulation, coordination, development and promotion of research on scientific lines in Ayurveda and Sowa-Rigpa system of medicine. It undertakes scientific activities through its 30 Institutes/Centres/Units located all over the country and also through collaborative studies with various Universities, Hospitals and Institutes. It is headquartered in New Delhi. The Cabinet Committee on Economic Affairs (CCEA) has approved continuation of Urea Subsidy Scheme from 2017 up to 2020 and implementation of Direct Benefit Transfer (DBT) for disbursement of fertilizer subsidy. The proposal in these regards was forwarded by Department of Fertilizers, Ministry of Chemicals and Fertilizers. The continuation of the urea subsidy scheme will ensure timely payment of subsidy to urea manufacturers resulting in timely availability of urea to farmers at statutory controlled price Urea Subsidy is part of Central Sector Scheme (CSS) of Department of Fertilizers and is wholly financed by Central Government of India through budgetary support. It also includes Imported Urea subsidy which is directed towards import to bridge gap between assessed demand and indigenous production of urea in the country. It also includes freight subsidy for movement of urea across the country

4 The Union Cabinet has approved Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income between India and Iran. The agreement will stimulate flow of investment, technology and personnel from India to Iran & vice versa and prevent double taxation. It will provide for exchange of information between two contracting parties as per latest international standards. It will improve transparency in tax matters and will help curb tax evasion and tax avoidance. It also meets treaty related minimum standards under G-20 OECD Base Erosion & Profit Shifting (BEPS) Project, in which India participated on equal footing. The Central Government is authorized to enter into Agreement with other country or specified territory for avoidance of double taxation of income for exchange of information for prevention of evasion or avoidance of income-tax chargeable under Section 90 of Income Tax Act, 1961 Base Erosion and Profit shifting (BEPS) refers to tax planning strategies used by multinational companies that exploits gaps and mismatches in tax rules to artificially shift its profit to low or no tax locations where there is little or no economic activity. What is Double Taxation Avoidance Agreement (DTAA)? The DTAA, or Double Taxation Avoidance Agreement is a tax treaty signed between India and another country (or any two/multiple countries) so that taxpayers can avoid paying double taxes on their income earned from the source country as well as the residence country. At present, India has double tax avoidance treaties with more than 80 countries around the world. The need for DTAA arises out of the imbalance in tax collection on global income of individuals. If a person aims to do business in a foreign country, he/she may end up paying income taxes in both cases, i.e. the country where the income is earned and the country where the individual holds his/her citizenship or residence. India Iran 1. Iran frequently objected to Pakistan's attempts to draft anti-india resolutions at international organizations 2. India welcomed Iran's inclusion as an observer state in the SAARC regional organization. 3. A highway between Zaranj and Delaram (Zaranj-Delaram Highway) is being built with financial support from India. 4. The Chabahar port has also been jointly financed by Iran and India, which will give it access to the oil and gas resources in Iran and the Central Asian states. 5. The North South Transport Corridor is the ship, rail, and road route for moving freight between India, Russia, Iran, Europe and Central Asia. The route primarily involves moving freight from India, Iran, Azerbaijan and Russia via ship, rail and road. 6. The objective of the corridor is to increase trade connectivity between major cities such as Mumbai, Moscow, Tehran, Baku, Bandar Abbas, Astrakhan, Bandar Anzali and etc.

5 World Happiness Index 2018 India was ranked 133rd among 156 countries in World Happiness Index 2018, recently released by the UN Sustainable Development Solutions Network. The index ranked 156 countries based on factors (parmaters) such as inequality, life expectancy, GDP per capita, social freedom, generosity, public trust (i.e. a lack of corruption in government and business) and social support. Together these parameters are used to generate a happiness score of country on a scale from 1 to 10. This year it is sixth such list released since it was first published in The 2018 report, for the first time ranked happiness of foreign-born immigrants in 117 countries. 10 Happiest Countries: Finland (1st), Norway (2nd), Denmark (3rd), Iceland (4th), Switzerland (5th), Netherlands (6th), Canada (7th), New Zealand (8th), Sweden (9th) and Australia (10th). United States was ranked 18th down from 14th place last year. Britain was 19th and United Arab Emirates at 20th. In 2018 rankings, top-10, as ever dominated by Nordic countries. The entire top ten were wealthier developed nations. But the report mentioned that money is not the only ingredient in the recipe for happiness. India s ranking: The world s largest democracy s rank fell to 133rd position from 122nd last year. India was behind majority of South Asian Association for Regional Cooperation (SAARC) nations apart from war-ravaged Afghanistan, which was ranked 145th. Pakistan (ranked 75th) and China (86th) were well ahead of India in happiness index despite being not the most democratic or free country. SAARC nations: Pakistan (75th), Nepal (101st), Bhutan (97th), Bangladesh (115th), Sri Lanka (116th).

6 The World Consumer Rights Day (WCRD) is celebrated every year on March 15 to pay solidarity with the international consumer movement and give more attention to promote basic rights of consumers. It provides opportunity to promote the basic rights of all consumers Demand those rights that must be respected and protected for those protesting against the market abuses and social injustices. It gives chance to protest against the market abuses and social injustices which undermine those rights. This year the theme promoted is Making Digital Marketplaces Fairer. The World Consumer Rights Day (WCRD) commemorates the historic address given by the then US President John F Kennedy to the US congress on this day in In his historic address he had outlined the definition of consumer rights for the first time. He was the first world leader to formally define consumer rights. The first WCRD was observed on 15 March 1983 and has since become an important occasion for mobilizing citizen action. In 2017, WCRD was observed with the theme Building a Digital World Consumers can Trust. In India, 24th December is observed as National Consumer Day. On this day in 1986, Consumer Protection Act, 1986 had received the assent of the President. Moreover, Government (Ministry of Consumer Affairs) runs Jago Grahak Jago one of the strongest campaigns for addressal and protection of consumer rights in India. It literally translates into, wake up consumers!

7 India was ranked at 78th among 114 countries on World Economic Forum s (WEF) Energy Transition Index (ETI) released as part of report titled Fostering Effective Energy Transition. The index ranks countries on how well they are able to balance energy security and access with environmental sustainability and affordability. Top 10 countries in 2018 ETI: Sweden (1st), Norway (2nd), Switzerland (3rd), Finland (4th), Denmark (5th), Netherlands (6th), the UK (7th), Austria (8th), France (9th) and Iceland (10th). BRICS Countries in ETI: Brazil (38th), Russia (70th) and China (76th). According to report, India has taken bold measures to improve energy access, energy efficiency and to improve deployment of renewable sources of energy. However, energy transition in India will require large investments and enabling environment along with robust regulatory frameworks to support transition.

8 The Ministry of Environment and Forests (MoEF s) has given environmental clearance to India-based Neutrino Observatory (INO) project to be set up in Bodi West hills in Tamil Nadu. The approval was given by MoEF s Expert Appraisal Committee (EAC) after taking up INO project issue as special case. Studies showed there will be no impact of blasting on any habitation in the vicinity due to INO project. It was informed also that there was no scope for radioactivity and leaching of water and these have been explained to courts. EAC also stipulated specific conditions after granting clearance of which two are key for project to take off. One is consent to establish and operate to be obtained from Tamil Nadu Pollution Control Board (TNPCB). India-Based Neutrino Observatory (INO) Project The project aims at building a world-class underground laboratory with a rock cover of approximately 1200 meter. Its mandate is to conduct basic research on elementary particle called neutrino. It is jointly supported by Department of Atomic Energy (DAE) and Department of Science & Technology (DST), with DAE acting as the nodal agency. The observatory will be located underground in order to provide adequate shielding to the neutrino detector from cosmic background radiation. It will comprise complex of caverns which will house detector which is 130 metres long, 26 metres wide and 30 metre high. Along with main cavern, there will be two smaller caverns that will be used for setting up experiments for neutrino double detector and dark matters. The non-accelerator based high energy and nuclear physics underground research complex will be approached by a 2-kms long tunnel. The project also envisages construction of 50,000 tonne magnetised iron calorimeter detector (ICAL). It will study the properties of the neutrino, in particular the mass hierarchy among different types of neutrino.

March 15, rights of all consumers (ii) demand those rights that must be respected and protected and (iii)

March 15, rights of all consumers (ii) demand those rights that must be respected and protected and (iii) March 15, 2018 World Consumer Rights Day: 15th March The World Consumer Rights Day (WCRD) is celebrated every year on March 15 to pay solidarity with the international consumer movement and give more attention

More information

India releases Annual Report covering transfer pricing and international tax developments

India releases Annual Report covering transfer pricing and international tax developments 5 September 2014 Global Tax Alert News from Transfer Pricing EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web browser: http://www.ey.com/gl/en/

More information

Current Issues in International Tax Policy

Current Issues in International Tax Policy Current Issues in International Tax Policy Shigeto HIKI Director, International Tax Policy Division, Tax Bureau, Ministry of Finance, Japan The Fourth IMF-Japan High-Level Tax Conference For Asian Countries

More information

Trade and Development Board Sixty-first session. Geneva, September 2014

Trade and Development Board Sixty-first session. Geneva, September 2014 UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Trade and Development Board Sixty-first session Geneva, 15 26 September 2014 Item 3: High-level segment Tackling inequality through trade and development:

More information

International Tax Conference

International Tax Conference International Tax Conference Hong Kong s Experience with its International Tax Treaty Network Richard Wong Commissioner of Inland Revenue 19 June 2014 1 Introduction Purpose of signing a tax treaty Fairness

More information

G8/G20 TAXATION ISSUES : Tax Training Day, ODI, London 16 September 2013

G8/G20 TAXATION ISSUES : Tax Training Day, ODI, London 16 September 2013 G8/G20 TAXATION ISSUES : Tax Training Day, ODI, London 16 September 2013 BASE EROSION AND PROFIT SHIFTING 2 OECD Work on Taxation Focus has historically been on the development of common standards to eliminate

More information

The Rule of Law as a Factor for Competitiveness

The Rule of Law as a Factor for Competitiveness The Rule of Law as a Factor for Competitiveness Lessons from the Global Competitiveness Index 2008-2009 Irene Mia Director, Senior Economist Global Competitiveness Network, World Economic Forum OECD Workshop

More information

THIRD MEETING OF THE OECD FORUM ON TAX ADMINISTRATION

THIRD MEETING OF THE OECD FORUM ON TAX ADMINISTRATION ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT THIRD MEETING OF THE OECD FORUM ON TAX ADMINISTRATION 14-15 September 2006 Final Seoul Declaration CENTRE FOR TAX POLICY AND ADMINISTRATION 1 Sharing

More information

India: An Attractive Investment Destination. Department of Industrial Policy and Promotion Ministry of Commerce and Industry

India: An Attractive Investment Destination. Department of Industrial Policy and Promotion Ministry of Commerce and Industry India: An Attractive Investment Destination Department of Industrial Policy and Promotion Ministry of Commerce and Industry Indian economy: growth trajectory Indian economy at USD 4531 Billion (in PPP

More information

ODA and ODA Loans at a Glance

ODA and ODA Loans at a Glance ODA and ODA Loans at a Glance This chapter provides essential information on Japan s official development assistance (ODA) and ODA loans. What is ODA? Official development assistance (ODA) is the assistance

More information

EY Tax Alert. Executive summary

EY Tax Alert. Executive summary 5 June 2015 EY Tax Alert India joins the Multilateral Competent Authority Agreement to facilitate standardized Automatic Exchange of Information Executive summary Tax Alerts cover significant tax news,

More information

Can Moscow be an International Financial Center?

Can Moscow be an International Financial Center? Can Moscow be an International Financial Center? Moscow By Iftekhar Hasan, who thanks other authors who have provided information either directly or via web What is Important for Developing a Financial

More information

Investment Policy and Regulatory Framework in Nepal, FY ( )

Investment Policy and Regulatory Framework in Nepal, FY ( ) Investment Policy and Regulatory Framework in Nepal, FY 2073-74 (2016-2017) Introduction Due to narrow fiscal space in the government finance and feeble capacity of private sector, foreign investment is

More information

MDG 8: Develop a Global Partnership for Development

MDG 8: Develop a Global Partnership for Development 182 Key Indicators for Asia and the Pacific 2015 MDG 8: Develop a Global Partnership for Development Millennium Development Goal (MDG) 8 has six targets. The first three and last are the focus of this

More information

IV Tax Administration in the Era of Globalization

IV Tax Administration in the Era of Globalization IV The NTA promotes tax administration, including cooperation with foreign tax authorities to meet the era of globalization. As multinational enterprises conduct various cross-border economic activities

More information

INDIA & FRANCE. 30/11/2012 Bernard Dufresne Economic Counsellor French Consulate General in Mumbai

INDIA & FRANCE. 30/11/2012 Bernard Dufresne Economic Counsellor French Consulate General in Mumbai INDIA & FRANCE 30/11/2012 Bernard Dufresne Economic Counsellor French Consulate General in Mumbai INDIA & FRANCE : STRONG CULTURAL LINKS Literature Cinema Architecture Music & dance Theatre BONJOUR INDIA

More information

OECD releases first annual peer review report on Action 5

OECD releases first annual peer review report on Action 5 5 December 2017 Global Tax Alert OECD releases first annual peer review report on Action 5 EY Global Tax Alert Library Access both online and pdf versions of all EY Global Tax Alerts. Copy into your web

More information

Singapore Fact Sheet GENERAL INFORMATION SHARE CAPITAL

Singapore Fact Sheet GENERAL INFORMATION SHARE CAPITAL Singapore Fact Sheet GENERAL INFORMATION Company type Private Limited Company (Pte Ltd) Timeframe for company formation 3 to 5 days* Legislation Singapore Companies Act 1963 Legal system Common Law Corporate

More information

Master and Bachelor of Science in Physics from the University of Delhi, India.

Master and Bachelor of Science in Physics from the University of Delhi, India. SANJAY KUMAR Senior Fellow Duke Center for International Development (DCID) Sanford School of Public Policy, Duke University Durham, North Carolina, U.S.A. E-mail: sanjay.kumar@duke.edu KEY QUALIFICATIONS

More information

1. OECD publishes 77 comments on transfer pricing guidelines for intra-group services, dispute resolution

1. OECD publishes 77 comments on transfer pricing guidelines for intra-group services, dispute resolution 1. OECD publishes 77 comments on transfer pricing guidelines for intra-group services, dispute resolution The OECD published 77 responses to its request for suggestions on how to improve the OECD transfer

More information

Ex-Ante Evaluation (for Japanese ODA Loan)

Ex-Ante Evaluation (for Japanese ODA Loan) Japanese ODA Loan Ex-Ante Evaluation (for Japanese ODA Loan) 1. Name of the Program Country: India Project: Tamil Nadu Investment Promotion Program Loan Agreement: November 12, 2013 Loan Amount: 13,000

More information

Answers from Bangladesh to the questionnaire set by the UN about Base Erosion and Profit Shifting.

Answers from Bangladesh to the questionnaire set by the UN about Base Erosion and Profit Shifting. Answers from Bangladesh to the questionnaire set by the UN about Base Erosion and Profit Shifting. 1.Q. How does base erosion and profit shifting affect Bangladesh? A. Bangladesh is a grooming economy

More information

WHY INDIA? CHAMPION SECTORS PROFILE INVESTMENT OPPORTUNITIES BUSINESS & REGULATORY ENVIRONMENT IN INDIA

WHY INDIA? CHAMPION SECTORS PROFILE INVESTMENT OPPORTUNITIES BUSINESS & REGULATORY ENVIRONMENT IN INDIA SECTOR PROFILE 01 02 03 04 05 WHY INDIA? CHAMPION SECTORS PROFILE INVESTMENT OPPORTUNITIES BUSINESS & REGULATORY ENVIRONMENT IN INDIA 01 WHY INDIA? Focus on infrastructure development Large and growing

More information

CHAPTER 1 INDIA, G20 AND THE WORLD

CHAPTER 1 INDIA, G20 AND THE WORLD CHAPTER 1 INDIA, G20 AND THE WORLD INDIA IN WORLD POPULATION 1.1. The United Nations Population Division estimates the global population in 2010 at 6908.7 million. Compared to this, the population of India

More information

GREEK ECONOMIC OUTLOOK

GREEK ECONOMIC OUTLOOK CENTRE OF PLANNING AND ECONOMIC RESEARCH Issue 29, February 2016 GREEK ECONOMIC OUTLOOK Macroeconomic analysis and projections Public finance Human resources and social policies Development policies and

More information

OECD BEPS Action Plan 7: Discussion Draft on preventing artificial avoidance of permanent establishment status

OECD BEPS Action Plan 7: Discussion Draft on preventing artificial avoidance of permanent establishment status KPMG FLASH NEWS KPMG IN INDIA OECD BEPS Action Plan 7: Discussion Draft on preventing artificial avoidance of permanent establishment status 14 November 2014 Background The Organisation for Economic Co-operation

More information

Impact on Education and Healthcare Sector Revenue from a 10% Increase in Broadband Penetration in India

Impact on Education and Healthcare Sector Revenue from a 10% Increase in Broadband Penetration in India Presentation for GSMA Impact on Education and Healthcare Sector Revenue from a 10% Increase in Broadband Penetration in India 20 May 2011 Ref: Contents 2 Approach and Results Summary Overview of Education

More information

March 21, trust (i.e. a lack of corruption in government and business), and social support. Together they

March 21, trust (i.e. a lack of corruption in government and business), and social support. Together they March 21, 2017 India ranks 122 in 2017 World Happiness Report India ranked at 122 out of 155 countries in the World Happiness Report 2017 published by the UN Sustainable Development Solutions Network on

More information

Introduction to Tax Treaties and its application

Introduction to Tax Treaties and its application Introduction to Tax Treaties and its application Western India Regional Council ICAI Rajesh Patil 5 October 2013 Overview Every nation has a right to tax its residents/nationals on their global income

More information

Setting up >> business presence in india.

Setting up >> business presence in india. Setting up >> business presence in india www.asa.in CORPORATE TAX >> CORPORATE TAX IS PAID BY COMPANIES, BRANCHES AND PROJECT OFFICES OF OVERSEAS COMPANIES ON PROFITS AND OTHER INCOME COMPANY RATE (%)

More information

OECD Health Policy Unit. 10 June, 2001

OECD Health Policy Unit. 10 June, 2001 The State of Implementation of the OECD Manual: A System of Health Accounts (SHA) in OECD Member Countries, 2001 OECD Health Policy Unit 10 June, 2001 TABLE OF CONTENTS Summary...3 Introduction...4 Background

More information

CORPORATE CATALYST (INDIA) PVT LTD. (in joint venture with SCS Global) Setting up >> business presence in india

CORPORATE CATALYST (INDIA) PVT LTD. (in joint venture with SCS Global) Setting up >> business presence in india CORPORATE CATALYST (INDIA) PVT LTD (in joint venture with SCS Global) Setting up >> business presence in india CORPORATE TAX >> CORPORATE TAX IS PAID BY COMPANIES, BRANCHES AND PROJECT OFFICES OF OVERSEAS

More information

SECTOR ASSESSMENT (SUMMARY): INDUSTRY AND TRADE

SECTOR ASSESSMENT (SUMMARY): INDUSTRY AND TRADE Stepping Up Investments for Growth Acceleration Program- Subprogram 2 (RRP INO 48134) SECTOR ASSESSMENT (SUMMARY): INDUSTRY AND TRADE 1. This sector assessment describes the binding constraints to achieving

More information

GIPS AND THE ASIAN MARKET. Annie K. Lo, CFA, CIPM, CAIA

GIPS AND THE ASIAN MARKET. Annie K. Lo, CFA, CIPM, CAIA GIPS AND THE ASIAN MARKET Annie K. Lo, CFA, CIPM, CAIA AGENDA Global Market and Ethical Landscape 2015 Global Market Sentiment Survey (GMSS) 2015 Edelman Trust Barometer Restoring Investor Trust Asset

More information

Schemes Targeting Healthcare Affordability in India

Schemes Targeting Healthcare Affordability in India www.swaniti.in Schemes Targeting Healthcare Affordability in India 1. Rashtriya Swasthya Bima Yojana (RSBY) Background Public Expenditure on healthcare is only 1.2% of GDP as compared to 7.7% in USA Out

More information

THE REAL COST OF LIVING

THE REAL COST OF LIVING THE REAL COST OF LIVING SOVEREIGN WORLDWIDE COST OF LIVING INDEX (SWCLI) 018 Sovereign s tax-adjusted Worldwide Cost of Living Index is intended to provide businesses with a relevant and authoritative

More information

IMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration

IMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration IMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration Presentation by: Richard Highfield Consultant in Tax System Administration (ADB) 1-2 December 2017,

More information

MENA Benchmarking Report Arab-EU Business Facilitation Network

MENA Benchmarking Report Arab-EU Business Facilitation Network MENA Benchmarking Report Arab-EU Business Facilitation Network www.ae-network.org September 2014 Agenda Objective of the Report Macroeconomic Analysis Business Environment Index MENA Rankings 2 Objective

More information

EMBA Chapters 7&8 FDI Global Trading Blocks Competitiveness

EMBA Chapters 7&8 FDI Global Trading Blocks Competitiveness EMBA 716 2008 Chapters 7&8 FDI Global Trading Blocks Competitiveness Outline What is FDI? Government policy and FDI FDI inflow and outflow Capital inflow to US Regional economic integration (Global Trading

More information

Stability, Cohesion and Growth

Stability, Cohesion and Growth Stability, Cohesion and Growth April 23, 2012 Swedish Minister for Finance Anders Borg Agenda Sweden has weathered the current crisis relatively well Lessons from the crisis in the early 1990s Further

More information

SRI and performance of bond funds

SRI and performance of bond funds SRI and performance of bond funds Do extra-financial ratings affect sovereign borrowing cost? Rim Oueghlissi, 1 Patricia Crifo, 2 Marc-Arthur Diaye 3 Chaire FDIR Paris, 12 December 2013 1 Phd Student,

More information

Global Monitoring Report: Findings on Progress since Monterrey

Global Monitoring Report: Findings on Progress since Monterrey Global Monitoring Report: Findings on Progress since Monterrey Governance, institutions, and capacity A number of developing regions have made considerable progress toward regulatory reform, but Sub-Saharan

More information

EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA. Delegation of the European Union to the Republic of Korea

EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA. Delegation of the European Union to the Republic of Korea EUROPEAN UNION SOUTH KOREA TRADE AND INVESTMENT 5 TH ANNIVERSARY OF THE FTA 2016 Delegation of the European Union to the Republic of Korea 16 th Floor, S-tower, 82 Saemunan-ro, Jongno-gu, Seoul, Korea

More information

SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT (NON-URBAN)

SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT (NON-URBAN) Second Jharkhand State Road Project (RRP IND 49125) SECTOR ASSESSMENT (SUMMARY): ROAD TRANSPORT (NON-URBAN) A. Sector Performance, Problems, and Opportunities 1. State context. The state of Jharkhand was

More information

FOURTH MEETING OF THE OECD FORUM ON TAX ADMINISTRATION January Cape Town Communiqué 11 January 2008

FOURTH MEETING OF THE OECD FORUM ON TAX ADMINISTRATION January Cape Town Communiqué 11 January 2008 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT FOURTH MEETING OF THE OECD FORUM ON TAX ADMINISTRATION 10-11 January 2008 Cape Town Communiqué 11 January 2008 CENTRE FOR TAX POLICY AND ADMINISTRATION

More information

Multitranche Financing Facility Annual Report 2017

Multitranche Financing Facility Annual Report 2017 May 2018 Multitranche Financing Facility Annual Report 2017 This document is being disclosed to the public in accordance with ADB s Public Communications Policy 2011. ABBREVIATIONS ADB Asian Development

More information

Revenue Arrangements for Implementing EU and OECD Exchange of Information Requirements In Respect of Tax Rulings

Revenue Arrangements for Implementing EU and OECD Exchange of Information Requirements In Respect of Tax Rulings Revenue Arrangements for Implementing EU and OECD Exchange of Information Requirements In Respect of Tax Rulings Page 1 of 21 Table of Contents 1. Introduction...3 2. Overview of Council Directive (EU)

More information

The OECD s Society at a Glance Simon Chapple OECD ELS/SPD Villa Vigoni, Italy, 9-11 th March 2011

The OECD s Society at a Glance Simon Chapple OECD ELS/SPD Villa Vigoni, Italy, 9-11 th March 2011 The OECD s Society at a Glance 2 Simon Chapple OECD ELS/SPD Villa Vigoni, Italy, 9- th March 2 Reconceptualisation for 2: Internal reasons OECD growth from 3 to 34 countries Other major economies (e.g.

More information

Hong Kong. The 2016/17 budget. Profits tax. Salaries tax

Hong Kong. The 2016/17 budget. Profits tax. Salaries tax Hong Kong The 2016/17 budget The Financial Secretary delivered the 2016/17 budget on 24 February 2016. The tax and one-off relief measures proposed in the budget are summarised below. Profits tax The profits

More information

INTERNATIONAL JOURNAL OF RESEARCH AND ANALYSIS VOLUME 5 ISSUE 2 ISSN

INTERNATIONAL JOURNAL OF RESEARCH AND ANALYSIS VOLUME 5 ISSUE 2 ISSN CRITICAL ANALYSIS ON DOUBLE TAXATION AVOIDANCE AGREEMENT **AASTHA SUMAN & HIMANSHU SHUKLA The DTAA, or Double countries) so that taxpayers can avoid paying double taxes on their income earned from the

More information

Where did the Wealth go? - After twenty years of WTO: only 26 countries are beneficiaries of globalization

Where did the Wealth go? - After twenty years of WTO: only 26 countries are beneficiaries of globalization Where did the Wealth go? - After twenty years of WTO: only 26 countries are beneficiaries of globalization Basel, Switzerland April 2015 www.commons.ch 1 Only 26 out of 173 countries benefit 173 Countries

More information

CONSULTATIVE GROUP MEETING FOR KENYA. Nairobi, November 24-25, Joint Statement of the Government of the Republic of Kenya and the World Bank

CONSULTATIVE GROUP MEETING FOR KENYA. Nairobi, November 24-25, Joint Statement of the Government of the Republic of Kenya and the World Bank CONSULTATIVE GROUP MEETING FOR KENYA Nairobi, November 24-25, 2003 Joint Statement of the Government of the Republic of Kenya and the World Bank The Government of the Republic of Kenya held a Consultative

More information

Emerging Capital Markets AG907

Emerging Capital Markets AG907 Emerging Capital Markets AG907 M.Sc. Investment & Finance M.Sc. International Banking & Finance Lecture 2 Corporate Governance in Emerging Capital Markets Ignacio Requejo Glasgow, 2010/2011 Overview of

More information

WORKING DRAFT Last Modified 4/10/2012 3:27:03 PM Central Standard Time Printed. Long-term capitalism. Icare Santiago presentation April 2012

WORKING DRAFT Last Modified 4/10/2012 3:27:03 PM Central Standard Time Printed. Long-term capitalism. Icare Santiago presentation April 2012 WORKING DRAFT Last Modified 4/10/2012 3:27:03 PM Central Standard Time Printed Long-term capitalism Icare Santiago presentation April 2012 Five mega-trends reshaping the global economy The great rebalancing

More information

S U M M A R Y B R I E F. The Nordic countries are leaders on gender equality

S U M M A R Y B R I E F.  The Nordic countries are leaders on gender equality S U M M A R Y B R I E F May 2018 http://oe.cd/last-mile-gender-nordic The Nordic countries are leaders on gender equality Key measures of gender gaps in employment, Nordic and selected other OECD countries,

More information

(of 19 March 2013) Valid from 1 January A. Taxpayers

(of 19 March 2013) Valid from 1 January A. Taxpayers Leaflet. 29/460 of the Cantonal Tax Office on withholding taxes applicable to pension benefits under private law for persons without domicile or residence in Switzerland (of 19 March 2013) Valid from 1

More information

/JordanStrategyForumJSF Jordan Strategy Forum. Amman, Jordan T: F:

/JordanStrategyForumJSF Jordan Strategy Forum. Amman, Jordan T: F: The Jordan Strategy Forum (JSF) is a not-for-profit organization, which represents a group of Jordanian private sector companies that are active in corporate and social responsibility (CSR) and in promoting

More information

10 reasons to invest in France

10 reasons to invest in France October 2009 10 reasons to invest in France IFA Keys to understanding the new France 2 1 An economy with a global outlook Foreign companies employ over 2.8 million people in France at 23,000 different

More information

Ref: PSA/WP/DO(2012)32 06 February Dear Alex,

Ref: PSA/WP/DO(2012)32 06 February Dear Alex, The Director CENTRE FOR TAX POLICY AND ADMINISTRATION Mr. Alexander Trepelkov Director, Financing for Development Office Department of Economic and Social Affairs United Nations E-mail: trepelkov@un.org

More information

Boost competitiveness, attract foreign capital. Italy's Plan for new Investment

Boost competitiveness, attract foreign capital. Italy's Plan for new Investment Boost competitiveness, attract foreign capital Italy's Plan for new Investment intro Economic recovery presents new opportunities to contribute to the country's growth. But investment needs fertile terrain

More information

Natalia Ignatova Federal State Statistics Service (Rosstat)

Natalia Ignatova Federal State Statistics Service (Rosstat) Natalia Ignatova Federal State Statistics Service (Rosstat) International Workshop on Sustainable Development Goals Indicators Beijing, China, 26-28 June 2018 Interdepartmental Working Group on Climate

More information

Environmental Performance Reviews

Environmental Performance Reviews Environmental Performance Reviews About the OECD OUR MISSION The Organisation for Economic Co operation and Development (OECD) provides its 35 member countries with a forum to work together, share experiences

More information

HSBC Trade Connections: Trade Forecast Quarterly Update October 2011

HSBC Trade Connections: Trade Forecast Quarterly Update October 2011 HSBC Trade Connections: Trade Forecast Quarterly Update October 2011 New quarterly forecast exploring the future of world trade and the opportunities for international businesses World trade will grow

More information

The Socialist Federal Republic of Yugoslavia takes part in some of the work of the OECD (agreement of 28th October 1961).

The Socialist Federal Republic of Yugoslavia takes part in some of the work of the OECD (agreement of 28th October 1961). I 1 Pursuant to article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Co-operation and Development (OECD) shall

More information

N11/3/ECONO/SP2/ENG/TZ0/XX ECONOMICS STANDARD LEVEL PAPER 2. Tuesday 15 November 2011 (morning) 2 hours INSTRUCTIONS TO CANDIDATES

N11/3/ECONO/SP2/ENG/TZ0/XX ECONOMICS STANDARD LEVEL PAPER 2. Tuesday 15 November 2011 (morning) 2 hours INSTRUCTIONS TO CANDIDATES 88115113 ECONOMICS STANDARD LEVEL PAPER 2 Tuesday 15 November 2011 (morning) 2 hours INSTRUCTIONS TO CANDIDATES Do not open this examination paper until instructed to do so. Answer three questions. Use

More information

ASIA-PACIFIC HIGH-LEVEL CONSULTATION ON FINANCING FOR DEVELOPMENT April 2015 Jakarta. Chair s summary

ASIA-PACIFIC HIGH-LEVEL CONSULTATION ON FINANCING FOR DEVELOPMENT April 2015 Jakarta. Chair s summary ASIA-PACIFIC HIGH-LEVEL CONSULTATION ON FINANCING FOR DEVELOPMENT 29-30 April 2015 Jakarta Chair s summary 1. The Asia-Pacific High-level Consultation on Financing for Development was held from 29 to 30

More information

THE RUSSIAN PRESIDENCY IN G20: PRIORITIES AND GENERAL APPROACHES

THE RUSSIAN PRESIDENCY IN G20: PRIORITIES AND GENERAL APPROACHES 21ST OSCE ECONOMIC AND ENVIRONMENTAL FORUM Increasing stability and security: Improving the environmental footprint of energy-related activities in the OSCE region SECOND PREPARATORY MEETING 16-17April

More information

PPP trends and initiatives in South Asian Countries

PPP trends and initiatives in South Asian Countries PPP trends and initiatives in South Asian Countries Policy Dialogue on PPP for Infrastructure Development in South Asia Organized by UN ESCAP 21-22 September 2015 Agenda 1 2 3 4 Infrastructure Assessment

More information

Presenter: Alissa Mickels. Alissa Mickels 2008 July 17,

Presenter: Alissa Mickels. Alissa Mickels 2008 July 17, Presenter: Alissa Mickels Alissa Mickels 2008 July 17, 2008 1 Nomenclature for Fourth Sector Activity Philanthropicapitalism Hybrid organization Corporate citizenship Social enterprise For-Benefit company

More information

Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. on the European Year for Active Ageing (2012) (text with EEA relevance)

Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. on the European Year for Active Ageing (2012) (text with EEA relevance) EUROPEAN COMMISSION Brussels, 6.9.2010 COM(2010) 462 final 2010/0242 (COD) C7-0253/10 Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the European Year for Active Ageing (2012)

More information

AIIB Strategy Briefing

AIIB Strategy Briefing AIIB Strategy Briefing Background, Strategies, Investment and Challenges AIIB 2 nd Annual Meeting of the Board of Governors Governor Seminar I June 2017 Presentation I. Background and Context of Setting

More information

The Global Economic Environment. Chapter 2. Dr Inda Sukati Faculty of Management Universiti Teknologi Malaysia

The Global Economic Environment. Chapter 2. Dr Inda Sukati Faculty of Management Universiti Teknologi Malaysia The Global Economic Environment Chapter 2 Dr Inda Sukati Faculty of Management Universiti Teknologi Malaysia 1 The Global Economic Environment 2 Introduction This chapter includes: An overview of the world

More information

LONG-TERM PROJECTIONS OF PUBLIC PENSION EXPENDITURE

LONG-TERM PROJECTIONS OF PUBLIC PENSION EXPENDITURE 7. FINANCES OF RETIREMENT-INCOME SYSTEMS LONG-TERM PROJECTIONS OF PUBLIC PENSION EXPENDITURE Key results Public spending on pensions has been on the rise in most OECD countries for the past decades, as

More information

EUROPEAN COUNCIL - CONCLUSIONS. Brussels, 22/05/2013

EUROPEAN COUNCIL - CONCLUSIONS. Brussels, 22/05/2013 EUROPEAN COMMISSION SECRETARIAT-GENERAL D/13/4 Brussels, 22/05/2013 EUROPEAN COUNCIL - CONCLUSIONS Brussels, 22/05/2013 EUCO 75/13 EN Delegations will find attached the conclusions of the European Council

More information

Allocation of income post-beps

Allocation of income post-beps Allocation of income post-beps EMA Tax Summit London, September 2016 Download the app Open a web browser on your mobile and navigate to http://mobile.globaltaxevent.com Use WiFi for better speed. Select

More information

UK ECONOMY SITUATION & PROSPECTS

UK ECONOMY SITUATION & PROSPECTS UK ECONOMY SITUATION & PROSPECTS 26 November 2013 Hermione Gough Counsellor Europe and Global Issues British Embassy Paris UNCLASSIFIED 1 The pace of recovery picked up further in Q3, with UK GDP expanding

More information

2017 GLOBAL RETIREMENT INDEX 1

2017 GLOBAL RETIREMENT INDEX 1 1 Table of Contents Introduction... 3 Background... 6 Executive Summary... 7 The Global Retirement Index 2017... 8 Framework... 9 The Best Performers... 10 Regional Perspective... 12 The Top 25: Year-on-Year

More information

The Nordic countries in figures

The Nordic countries in figures The Nordic countries in figures 09 Order your Nordic Statistica Yearbook 09 on www.norden.org The Nordic countries in figures 09 ANP 09:748 Nordic countries in figures 09 ANP 09:748 ISBN 978-92-893-1917-1

More information

Statement on behalf of the Euratom Community

Statement on behalf of the Euratom Community Statement on behalf of the Euratom Community Mr Massimo Garribba, Director, Directorate-General for Energy, European Commission 58 th General Conference of the IAEA Vienna, 22-26 September 2014 Mr President,

More information

Investment Trend and Economic Situation in Myanmar

Investment Trend and Economic Situation in Myanmar Investment Trend and Economic Situation in Myanmar Dr. Marlar Myo Nyunt Director Directorate of Investment and Company Administration Myanmar Economic Policies Expanding our financial resources Improving

More information

Guidance on Transfer Pricing Documentation and Country-by-Country Reporting

Guidance on Transfer Pricing Documentation and Country-by-Country Reporting OECD/G20 Base Erosion and Profit Shifting Project Guidance on Transfer Pricing Documentation and Country-by-Country Reporting ACTION 13: 2014 Deliverable ANNEX III TO CHAPTER V. A MODEL TEMPLATE FOR THE

More information

9) According to research, which of the following countries is the strongest supporter of free markets? A) China B) India C) France D) Ukraine

9) According to research, which of the following countries is the strongest supporter of free markets? A) China B) India C) France D) Ukraine 1 FOR STUDENT S PERSONAL USE ONLY, DO NOT COPY OR REDISTRIBUTE. International Business: Environments and Operations, 15e, Global Edition (Daniels et al.) Some content 2015 Pearson Education Ltd. Chapter

More information

Asia-Pacific Countries with Special Needs Development Report Investing in Infrastructure for an Inclusive and Sustainable Future

Asia-Pacific Countries with Special Needs Development Report Investing in Infrastructure for an Inclusive and Sustainable Future Asia-Pacific Countries with Special Needs Development Report 2017 Investing in Infrastructure for an Inclusive and Sustainable Future Manila, 30 August 2017 Countries with special needs Countries with

More information

APEC Checklist of Enablers for Alternative Health Financing

APEC Checklist of Enablers for Alternative Health Financing APEC Checklist of Enablers for Alternative Health Financing APEC Checklist of Enablers for Alternative Health Financing Purpose The purpose of the APEC Checklist of Enablers for Alternative Health Financing

More information

Economic and Social Survey of Asia and the Pacific 2017 Governance and Fiscal Management

Economic and Social Survey of Asia and the Pacific 2017 Governance and Fiscal Management Economic and Social Survey of Asia and the Pacific 217 Governance and Fiscal Management Launch and Panel Discussion on the UN Economic and Social Survey of Asia and the Pacific 217: Korean Perspective

More information

2014 Pre-budget Consultation

2014 Pre-budget Consultation 2014 Pre-budget Consultation A Submission to the House of Commons Standing Committee on Finance Chartered Professional Accountants of Canada 2 2014 Pre-budget Consultation 2014 Pre-budget Consultation

More information

Regulatory Compliance - India >>

Regulatory Compliance - India >> Regulatory Compliance - India >> www.asa.in Once an investor sets-up a business in India, whether it is a liaison office, project office, branch or company, that business needs to comply with Indian regulations.

More information

Beyond GDP: Better Ways to Measure Better Lives

Beyond GDP: Better Ways to Measure Better Lives Beyond GDP: Better Ways to Measure Better Lives Carrie Exton Policy Analyst OECD Statistics Directorate CIVITAS Summer Course: Sustainable Mobility for a Better Life Malaga, 7 June 2016 What am I doing

More information

Building the expert platform for Asian investments. asiafundmanagers.com

Building the expert platform for Asian investments. asiafundmanagers.com Building the expert platform for Asian investments 1 There is a gap of 9 trn. USD 9 21 trn. USD if allocated to world GDP** 12trn. USD today* trn. USD * 17,29 percent of world equity market cap (MSCI,

More information

ACTL Conference on REITs

ACTL Conference on REITs ACTL Conference on REITs Recent tax treaty developments and their implications for REITs November 14, 2014 Prof. Arnaud de Graaf degraaf@law.eur.nl 0.0- Introduction 1. REITs in cross-border context 2.

More information

Study on the framework conditions for High Growth Innovative Enterprises (HGIEs)

Study on the framework conditions for High Growth Innovative Enterprises (HGIEs) Study on the framework conditions for High Growth Innovative Enterprises : framework conditions selected, measurement, data availability and contingency measures : Innovation, high-growth and internationalization

More information

Business Environment: Russia

Business Environment: Russia Business Environment: Russia Euromonitor International 13 April 2010 Despite the economic recession of 2009, a recovery is expected in 2010. The business environment remains challenging due to over-regulation,

More information

23 rd Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...

23 rd Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community... Experience Next Generation Banking To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank

More information

Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents. 18 July 2014

Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents. 18 July 2014 Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents 18 July 2014 How do we tax non-residents on capital income? Domestic design issues Tax treaty issues Interrelationship between

More information

Answer with Explanation

Answer with Explanation Answer with Explanation Date 04/05/2018 1 Consider the following statement about Balance of Payment 1. Balance of payment is a way of listing of receipt and payment in International transection of a country.

More information

EUROPEAN COMMISSION PRESENTS ANTI-TAX AVOIDANCE PACKAGE

EUROPEAN COMMISSION PRESENTS ANTI-TAX AVOIDANCE PACKAGE EUROPEAN COMMISSION PRESENTS ANTI-TAX AVOIDANCE PACKAGE tax.thomsonreuters.com On January 28, 2016, the European Commission presented its Communication on the Anti-Tax Avoidance Package (ATA Package).

More information

INDIA AT A GLANCE. Document created by Anil K Goyal & Associates

INDIA AT A GLANCE. Document created by Anil K Goyal & Associates 1 INDIA AT A GLANCE Geographically, the Indian subcontinent is a peninsular region in south-central Asia, rather resembling a diamond which is delineated by the Himalayas in the north. The peninsula is

More information

MDG 8: Develop a Global Partnership for Development

MDG 8: Develop a Global Partnership for Development 124 Key Indicators for Asia and the Pacific 2014 MDG 8: Develop a Global Partnership for Development Millennium Development Goal (MDG) 8 has six targets. The first three are the focus of this section.

More information

Targeting aid to reach the poorest people: LDC aid trends and targets

Targeting aid to reach the poorest people: LDC aid trends and targets Targeting aid to reach the poorest people: LDC aid trends and targets Briefing 2015 April Development Initiatives exists to end extreme poverty by 2030 www.devinit.org Focusing aid on the poorest people

More information

An Analysis on Macroeconomic Performance of Bangladesh

An Analysis on Macroeconomic Performance of Bangladesh MEMBERS CONFERENCE on An Analysis on Macroeconomic Performance of Bangladesh MD. SHAHADAT HOSSAIN FCA Member Council -ICAB Dhaka 05 May 2018 1 INTRODUCTION The objective of this analysis is to have an

More information