
OECD slashes India GDP growth forecast to 6.6% in FY23
Before OECD, global agencies like Goldman Sachs, IMF, and Moody’s, among others, have cut growth projections for India on slowing exports and domestic demand, and high inflation.
Before OECD, global agencies like Goldman Sachs, IMF, and Moody’s, among others, have cut growth projections for India on slowing exports and domestic demand, and high inflation.
The CARF, which was approved in Aug 2022, consists of rules, commentary that can be transposed into domestic law to collect information from crypto-asset service providers.
Economic growth is expected to lose momentum in China and the US.
India recorded strongest rebound from COVID but momentum is dissipating due to weaker external conditions, rising global food and energy prices tightening monetary policy, says OECD.
Over 300 Indians in the list; names to be revealed in days ahead
The G7 countries have agreed to back a global minimum tax rate of 15%. Here are the likely repercussions.
Frustrated by the slow pace of discussions and anxious to mobilise revenue considering the Covid-19 pandemic, several countries have taken unilateral measures to tax the digital economy.
The central bank has been quiet on its regular growth and inflation forecasts, citing the highly fluid circumstances, but it has given ample hints in its latest Monetary Policy report.
While directly mum on inflation and growth, the RBI’s latest monetary policy report warns that Covid-19 would impact economic activity in India through lockdowns and slowing global trade and growth.
Industry body FICCI expects a heavy toll on all aspects of business; proposes a slew of measures for economic stimulus.