Page 11 - Intergovernmental Group News Today

Despite the recent G7 agreement on corporate taxation, global leadership requires going beyond national interests to ensure that all countries have sufficient resources to develop healthier post-pandemic economies.

The world must engage with Joe Biden’s proposal for a minimum corporate-tax rate.

Due to lack of irrigation facilities, thousands of small tea growers may end up with heavy losses for the second successive year. GUWAHATI: Scarcity of rain has severely hit production of small tea growers (STGs) in upper Assam, who have been contributing to about half of the state’s tea production. Due to lack of irrigation facilities, thousands of STGs may end up with heavy losses for the second successive year. They lost the valuable first and second flush last year due to the lockdown. L...

Thomas Hertel, Stephanie Rosch The Trump administration’s denial of climate change slowed down international progress at a critical juncture. But not all failure to act can be laid at the door of one country. The international community as a whole abandoned the commitment to cap the increase in the average global temperature to 1.5°C (Intergovernmental Panel on Climate Change 2018). One critical reason is that while all of humanity will be affected by climate change, the initial impact is hi...

Staff Eric LeCompte For more than 25 years, Eric LeCompte has led religious groups to win policies that alleviate poverty, address global conflict and promote human rights.‎ He is the Executive Director of Jubilee USA Network, a development coalition of more than 700 religious groups and US organizations. Learn more about Eric here.   Aldo Caliari  Senior Director of Policy and Campaigns Aldo Caliari served as the Senior Advisor at the Intergovernmental Group of 24 on International Monetar...

A building-block Budget Gives a push to capex while easing fiscal consolidation Based on the recommendations of the Fifteenth Finance Commission, the Central government has agreed to amend the FRBM Act. The deficit and debt targets of the existing Act have been rendered irrelevant due to the impact of the pandemic and the longer-term erosion of tax and non-tax revenues relative to GDP. Given these economic realities, the Central government has substantially raised its fiscal deficit-to-GDP rat...

Tax revenue to States to be kept at 41% for 5 years February 01, 2021 Greater focus on grants-in-aid; ₹2.38-lakh crore for Defence modernisation To maintain the predictability and stability of resources, especially during the current pandemic times, the Fifteenth Finance Commission (FFC), headed by NK Singh has recommended that the vertical devolution be retained at 41 per cent for the next five years (2021-26)— the same level as in its report for 2020-21. It has placed greater emphasis on ...

Cautions if vaccine not made available throughout a large part of developing world, virus will return APP January 28, 2021 GENEVA/UNITED NATIONS: The UN Economic and Social Council (ECOSOC) president, Ambassador Munir Akram of Pakistan, has renewed the call for ensuring equitable access and distribution of the coronavirus vaccine, saying it was “vital” to control the deadly pandemic and for quick recovery of the virus-hit world economy. “If the vaccine is not available through[out] a lar...

ISLAMABAD: Prime Minister Imran Khan presented on Monday a five-point agenda to address the structural barriers in global prosperity, proposing equitable supply of Covid vaccine to developing...

ISLAMABAD: Prime Minister Imran Khan said on Monday that those who trapped us in the foreign funding case are now trapped in it themselves.The premier stated that the government’s position in...