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India will push its Group of 20 partners at a meeting it is hosting to support its proposal to raise the share of taxes multinational companies pay to countries where they earn "excess profits", government officials said. India's proposal, which has not been previously reported, could temper optimism among G20 members such as Australia and Japan that the meeting of finance ministers and central bankers in Gujarat would make progress on a long-awaited overhaul of global corporate taxation. More than 140 countries were supposed to start implementing next year a 2021 deal overhau...

Indian people’s average income is set to grow more than 13-fold to $27,000 by the end of 2047, according to a survey by the People’s Research on India’s Consumer Economy.

India's finance and external affairs ministries and the OECD did not respond to requests for comment

India will also propose withholding taxation be de-linked from the excess profit tax principle. Read more at straitstimes.com.

Governments have agreed to hold-off on DSTs until 2025 while work on the technical details of pillar one continues.